GA coming after MT plate owners
10-25-2018, 04:08 PM
#31
Nordschleife Master
Good! Finally! I hope they get everyone in any state that does this. Its fraud and tax evasion, and it costs me and everyone else more!!!
And don't come in here and debate that you're "legally" taking advantage of loopholes, you're not.............you are stealing, Opening a LLC in Montana FOR THE SOLE PURPOSE OF AVOIDING YOUR LOCAL STATE SALES TAX ON AN AUTOMOBILE IS FRAUD. If you live in Montana then all the power to you, good for you. If you have a company in Montana and choose to own and keep cars there good for you.
I have close friends here in NY that do it, and i tell them the same thing to their faces..............The truth, its wrong
Sorry if any of you who do this are bothered by my opinion, but i pay a ton in taxes, cause its the law, whether right or wrong.
I do think there should be some sort of collector exemptions so you don't get banged for 9% in taxes on 6-7 figure cars if you're in and out of several on a yearly basis, but until that's a law i will pay my taxes. I also think being taxed on a used car trading hands should be addressed, the car was taxed when initially bought. Again, till its changed, ill abide by the current laws.
Rant over
And don't come in here and debate that you're "legally" taking advantage of loopholes, you're not.............you are stealing, Opening a LLC in Montana FOR THE SOLE PURPOSE OF AVOIDING YOUR LOCAL STATE SALES TAX ON AN AUTOMOBILE IS FRAUD. If you live in Montana then all the power to you, good for you. If you have a company in Montana and choose to own and keep cars there good for you.
I have close friends here in NY that do it, and i tell them the same thing to their faces..............The truth, its wrong
Sorry if any of you who do this are bothered by my opinion, but i pay a ton in taxes, cause its the law, whether right or wrong.
I do think there should be some sort of collector exemptions so you don't get banged for 9% in taxes on 6-7 figure cars if you're in and out of several on a yearly basis, but until that's a law i will pay my taxes. I also think being taxed on a used car trading hands should be addressed, the car was taxed when initially bought. Again, till its changed, ill abide by the current laws.
Rant over
10-25-2018, 04:12 PM
#32
What you are doing, as I understand it, is not technically permitted. If you garage in New York, your Georgia insurance is not correct (potentially a claim of fraud) and once the vehicle is in New York for X days, you are required to register it, inspect it, etc. in New York. People do it all the time and no one seems to care, but the same could be said to be true for MT registration.
10-25-2018, 04:36 PM
#33
Drifting
10-25-2018, 04:53 PM
#34
Join Date: May 2010
Location: Saratoga Springs, NY
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NY State.
The Empire State will do whatever it can to take as much money out of your Empire as they can.
They have deterred this MT Registration behavior through the insertion of penalties, above and beyond the tax burden,....when it is all said and done, it will cost more in the end, once the Empire State Department of Tax and Finance gets involved......they have a great way of nipping this type of subterfuge in the bud. I won't even mention attorney fees should you decide to go toe to toe with the T&F Department...........
The Empire State will do whatever it can to take as much money out of your Empire as they can.
They have deterred this MT Registration behavior through the insertion of penalties, above and beyond the tax burden,....when it is all said and done, it will cost more in the end, once the Empire State Department of Tax and Finance gets involved......they have a great way of nipping this type of subterfuge in the bud. I won't even mention attorney fees should you decide to go toe to toe with the T&F Department...........
10-25-2018, 05:14 PM
#35
RL Community Team
Rennlist Member
Rennlist Member
Just imagine if other states promise MT a finders fee (not sales tax per se) for a list of LLC with registered cars above a certain value. Or states can subpoena MT for it (I'm not a lawyer, not sure if the existence of LLC on itself is protected).
Right now, the system is still clunky enough that most LLCs still go relatively undetected without MT cooperation. Simple search of electronic toll (GA) versus license plate state (MT) and they found 500 cars. Minimum effort.
Right now, the system is still clunky enough that most LLCs still go relatively undetected without MT cooperation. Simple search of electronic toll (GA) versus license plate state (MT) and they found 500 cars. Minimum effort.
10-25-2018, 05:47 PM
#36
10-25-2018, 05:48 PM
#37
10-25-2018, 05:54 PM
#38
Rennlist Member
Thread Starter
10-25-2018, 06:10 PM
#39
Good! Finally! I hope they get everyone in any state that does this. Its fraud and tax evasion, and it costs me and everyone else more!!!
And don't come in here and debate that you're "legally" taking advantage of loopholes, you're not.............you are stealing, Opening a LLC in Montana FOR THE SOLE PURPOSE OF AVOIDING YOUR LOCAL STATE SALES TAX ON AN AUTOMOBILE IS FRAUD. If you live in Montana then all the power to you, good for you. If you have a company in Montana and choose to own and keep cars there good for you.
I have close friends here in NY that do it, and i tell them the same thing to their faces..............The truth, its wrong
Sorry if any of you who do this are bothered by my opinion, but i pay a ton in taxes, cause its the law, whether right or wrong.
I do think there should be some sort of collector exemptions so you don't get banged for 9% in taxes on 6-7 figure cars if you're in and out of several on a yearly basis, but until that's a law i will pay my taxes. I also think being taxed on a used car trading hands should be addressed, the car was taxed when initially bought. Again, till its changed, ill abide by the current laws.
Rant over
And don't come in here and debate that you're "legally" taking advantage of loopholes, you're not.............you are stealing, Opening a LLC in Montana FOR THE SOLE PURPOSE OF AVOIDING YOUR LOCAL STATE SALES TAX ON AN AUTOMOBILE IS FRAUD. If you live in Montana then all the power to you, good for you. If you have a company in Montana and choose to own and keep cars there good for you.
I have close friends here in NY that do it, and i tell them the same thing to their faces..............The truth, its wrong
Sorry if any of you who do this are bothered by my opinion, but i pay a ton in taxes, cause its the law, whether right or wrong.
I do think there should be some sort of collector exemptions so you don't get banged for 9% in taxes on 6-7 figure cars if you're in and out of several on a yearly basis, but until that's a law i will pay my taxes. I also think being taxed on a used car trading hands should be addressed, the car was taxed when initially bought. Again, till its changed, ill abide by the current laws.
Rant over
10-25-2018, 06:47 PM
#40
Good! Finally! I hope they get everyone in any state that does this. Its fraud and tax evasion, and it costs me and everyone else more!!!
And don't come in here and debate that you're "legally" taking advantage of loopholes, you're not.............you are stealing, Opening a LLC in Montana FOR THE SOLE PURPOSE OF AVOIDING YOUR LOCAL STATE SALES TAX ON AN AUTOMOBILE IS FRAUD. If you live in Montana then all the power to you, good for you. If you have a company in Montana and choose to own and keep cars there good for you.
I have close friends here in NY that do it, and i tell them the same thing to their faces..............The truth, its wrong
Sorry if any of you who do this are bothered by my opinion, but i pay a ton in taxes, cause its the law, whether right or wrong.
I do think there should be some sort of collector exemptions so you don't get banged for 9% in taxes on 6-7 figure cars if you're in and out of several on a yearly basis, but until that's a law i will pay my taxes. I also think being taxed on a used car trading hands should be addressed, the car was taxed when initially bought. Again, till its changed, ill abide by the current laws.
Rant over
And don't come in here and debate that you're "legally" taking advantage of loopholes, you're not.............you are stealing, Opening a LLC in Montana FOR THE SOLE PURPOSE OF AVOIDING YOUR LOCAL STATE SALES TAX ON AN AUTOMOBILE IS FRAUD. If you live in Montana then all the power to you, good for you. If you have a company in Montana and choose to own and keep cars there good for you.
I have close friends here in NY that do it, and i tell them the same thing to their faces..............The truth, its wrong
Sorry if any of you who do this are bothered by my opinion, but i pay a ton in taxes, cause its the law, whether right or wrong.
I do think there should be some sort of collector exemptions so you don't get banged for 9% in taxes on 6-7 figure cars if you're in and out of several on a yearly basis, but until that's a law i will pay my taxes. I also think being taxed on a used car trading hands should be addressed, the car was taxed when initially bought. Again, till its changed, ill abide by the current laws.
Rant over
10-25-2018, 06:54 PM
#41
10-25-2018, 07:13 PM
#42
Drifting
One of the Dakotas allows you to register cars if you live out of state and you can use your home address so insurance isn't an issue.
10-25-2018, 07:13 PM
#43
Race Director
Adding any cents at all here is like trying to blow out a fire with your breath.. but, how is this different then creating trusts and copriate loopholes for all kinds of tax minimization. If it's legal, it's legal. If it's illegal, then... argh.. I'm not arguing the morality, I'm arguing that this is no different than working with any area of the tax code. Make it illegal, and I'll argue against anyone breaking the law. As it stands today, this is not explicitly illegal. Don't hate the player, hate the game
10-25-2018, 07:30 PM
#44
Rennlist Member
^ I can't speak for all states, but if you are a resident of California it is explicitly illegal to evade taxes in this way.
Edit: See link in post #3 of this thread.
Edit: See link in post #3 of this thread.
10-25-2018, 07:33 PM
#45
Originally Posted by FourT6and2
One of the Dakotas allows you to register cars if you live out of state and you can use your home address so insurance isn't an issue.
No LLC needed ?