GT car / Salesman - Shiraaz Sookralli - Champion Porsche's VP of Marketing
10-03-2018, 06:25 PM
#1786
Race Car
10-03-2018, 07:21 PM
#1787
Race Director
Originally Posted by goin2drt
Take some advise from me and several others on here. Ignore function is awesome and he has been on it for years, zero value. Only wish IB had an update that when someone is on the ignore list you can't even see when they were quoted.
I get it and would agree to save the irritation, but if someone is going to quote me and comment on a post of mine I want to know about it. I'd rather address the stupidity directly than ignore it.
10-03-2018, 07:23 PM
#1788
Nordschleife Master
Make note:
Almost EVERY SINGLE person who toots the 'capitalism' (such a dumb excuse) horn and supports ADM...... paid MSRP. Funny, isn't it?
Anyone ever read the book, Animal Farm? I only bring it up because it's funny how these guys like to invoke 'capitalism', but they are exempt from it. Sound familiar?
Almost EVERY SINGLE person who toots the 'capitalism' (such a dumb excuse) horn and supports ADM...... paid MSRP. Funny, isn't it?
Anyone ever read the book, Animal Farm? I only bring it up because it's funny how these guys like to invoke 'capitalism', but they are exempt from it. Sound familiar?
10-03-2018, 07:31 PM
#1789
Three Wheelin'
No question mark at all. Dealers pay tax on that income. And brokers don't get 1099s from dealers. If a broker is buying and selling allocations, they should be reporting the taxable income from those business operations. Speculating about dealers or brokers violating tax laws with no basis to do so is ridiculous. You could just as easily speculate that half the people on Rennlist are cheating on their taxes.
That said we don't know the financial situation of the dealership - if they were taking ADM's were they putting them into their revenue (they should) or adding them on the invoice/contract (they should). I stand by my original guess that the amounts that the crook took in the past were not reported to Champion and therefore wouldn't be reflected on their books anyway. And for all we know the crook was filing an income tax return reporting the payments he received as income. Who knows. That won't be public record unless it is admitted in the case. Would be interesting to see what was done.
10-03-2018, 07:36 PM
#1790
Race Director
Originally Posted by orthojoe
Make note:
Almost EVERY SINGLE person who toots the 'capitalism' (such a dumb excuse) horn and supports ADM...... paid MSRP. Funny, isn't it?
Anyone ever read the book, Animal Farm? I only bring it up because it's funny how these guys like to invoke capitalism, but they are exempt from it. Sound familiar?
Almost EVERY SINGLE person who toots the 'capitalism' (such a dumb excuse) horn and supports ADM...... paid MSRP. Funny, isn't it?
Anyone ever read the book, Animal Farm? I only bring it up because it's funny how these guys like to invoke capitalism, but they are exempt from it. Sound familiar?
Of course, they think it helps their resale.
FSBO: MSRP+PPF+Sales Tax+ market ADM = "recoup my costs"
It's a game of you can't win.
10-03-2018, 07:43 PM
#1791
Make note:
Almost EVERY SINGLE person who toots the 'capitalism' (such a dumb excuse) horn and supports ADM...... paid MSRP. Funny, isn't it?
Anyone ever read the book, Animal Farm? I only bring it up because it's funny how these guys like to invoke 'capitalism', but they are exempt from it. Sound familiar?
Almost EVERY SINGLE person who toots the 'capitalism' (such a dumb excuse) horn and supports ADM...... paid MSRP. Funny, isn't it?
Anyone ever read the book, Animal Farm? I only bring it up because it's funny how these guys like to invoke 'capitalism', but they are exempt from it. Sound familiar?
10-03-2018, 08:24 PM
#1792
Rennlist Member
Join Date: Sep 2010
Location: Palm Beach Gardens, FL
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When I inquired at Champion if I purchased a GT3RS at "market price" (ie with ADM) if the ADM would be included in the purchase price or as a separate non taxed deposit, I was told the total price including ADM would be subject to sales tax.
10-03-2018, 08:45 PM
#1793
Race Car
10-04-2018, 01:15 AM
#1795
Why bother keep posting in here then and clicking on the DAMN thread??
Intenet Brands and Rennlist obviously approve of this thread, who gives a rats *** what you think??
And yes, there is first hand evidence that full purchase price of cars with ADM are not being fully taxed at some dealers, and that Shiraaz did take deposits to his Autosports account for cars that were indeed delivered.
Ah, your post got deleted because you're trolling and offering NO value with any of your posts. You seriously must be in the top 3 most useless people on RL.
Again, you have zero evidence of any dealer avoiding taxes on their ADMs. You keep posting blatant untruths as if they were fact and when called on it you just make more stupid statements and try to confuse the facts. Please, post evidence of a single Porsche dealer not paying tax on ADM income they received. Can you do that?
10-04-2018, 01:18 AM
#1796
10-04-2018, 09:30 AM
#1797
Three Wheelin'
Except brokers don’t get paid by the dealer. They get paid by the buyer. And they have to consider that as revenue when calculating and declaring their taxable income. The original statement made by meme boy that brokers and dealers are evading taxes was baseless speculation.
Dealers most likely are not. Some might try, but I would expect your franchise license is at risk if you don't, so to me it wouldn't be worth it. In this case with SS the dealership didn't know (or at least that what it sounds like) that the money was coming in, and it wasn't going to them, so why would they declare anything?
10-04-2018, 12:24 PM
#1798
As with almost everything else you’ve posted on here, you’re wrong again. The post was deleted for using inappropriate language (I received a note from the mods).
Again, you have zero evidence of any dealer avoiding taxes on their ADMs. You keep posting blatant untruths as if they were fact and when called on it you just make more stupid statements and try to confuse the facts. Please, post evidence of a single Porsche dealer not paying tax on ADM income they received. Can you do that?
https://rennlist.com/forums/991-gt3-...l#post15285622
10-04-2018, 01:13 PM
#1799
Race Director
Originally Posted by Bartleby7334
Did you even read this thread? This post is first hand testimony:
https://rennlist.com/forums/991-gt3-...l#post15285622
https://rennlist.com/forums/991-gt3-...l#post15285622
You think he even follows posts or retains any info? He just jumps around any new posts, rants off some nonsense and moves on to the next one.
10-04-2018, 02:04 PM
#1800
Why would that not be the case?....the price of the car is what you paid, not the MSRP...