Taxes?!
04-01-2015, 06:11 PM
#16
Amazing how these things always devolve into the minutia of this case or that situation, never dwelling on what really matters, the principles involved. And this even in a group of supposedly successful, educated people. No wonder they're able to so reliably screw with us.
Let's see, to even have the money to buy the car in the first place you had to earn it. Income tax. Or invest.
Capital gains, dividend taxes. Maybe some wise-*** wants to pretend he invested in tax-free government bonds. Big deal, still can't escape the inflation tax imposed on everyone by a fractional reserve/Federal Reserve system in which all money is loaned into existence. And then on top of all that they have the gall to tax you on the purchase, and keep taxing you every year you want to drive it. Do the math, it varies a lot depending on your local laws, but accounting for everything its pretty hard to see getting away with less than 200K for your 130k 991.
$70k+ in taxes, and people talking about out of state registration. Sad but true.
Let's see, to even have the money to buy the car in the first place you had to earn it. Income tax. Or invest.
Capital gains, dividend taxes. Maybe some wise-*** wants to pretend he invested in tax-free government bonds. Big deal, still can't escape the inflation tax imposed on everyone by a fractional reserve/Federal Reserve system in which all money is loaned into existence. And then on top of all that they have the gall to tax you on the purchase, and keep taxing you every year you want to drive it. Do the math, it varies a lot depending on your local laws, but accounting for everything its pretty hard to see getting away with less than 200K for your 130k 991.
$70k+ in taxes, and people talking about out of state registration. Sad but true.
04-03-2015, 01:03 AM
#18
Three Wheelin'
I can hear the howls already, and especially when I use the "C" word, but the fact is that under the Constitution ours is a government of enumerated powers. The literal meaning of this is government has no powers other than those granted in the Constitution. It is without dispute that our Constitution was written by some of the most learned and accomplished writers on the planet, yet somehow whenever anyone brings up the obvious point that we are not following its clear intent they are reflexively dismissed. This despite the fact that pretty much every single problem facing the nation today is ultimately rooted in UNconstitutionalism.
So anyway, to fix your problem, start with a bill requiring that all laws find direct support in the Constituion, and the Constitution alone- emphatically NOT to include Supreme Court precedents.
Problem solved. And you can forget about vehicle registration, drivers license, air bags, turbo's….
So anyway, to fix your problem, start with a bill requiring that all laws find direct support in the Constituion, and the Constitution alone- emphatically NOT to include Supreme Court precedents.
Problem solved. And you can forget about vehicle registration, drivers license, air bags, turbo's….
04-03-2015, 01:37 AM
#19
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It happens. I still managed to pay cash for a new 991. It was worth every dollar spent. You earn $200,000 to buy a $100,000 car.
In GA, there is a new law that allows you to avoid yearly car taxes by paying 6.5% up front. It's complicated. My old longhood cars were bought before the law changed. I am keeping them forever.
My 991 is still the best car that I've ever owned (Agate is the faster color).
04-03-2015, 06:12 AM
#20
Burning Brakes
Sales taxes are regressive, yet curiously for the most part they are voluntary. In most jurisdictions they are not imposed on necessities like food, shelter and clothing. I too am in a high tax bracket paying to reduce the Reagan-Bush-Bush deficits. Unfortunately sales tax in Pennsylvania is levied on some essentials - I paid 6% of the price of my 911 How fast is Agate? It is so fast I was issued a speeding citation while parked in my garage and I was clocked on radar.
Last edited by rnl; 04-03-2015 at 08:34 AM.
04-03-2015, 04:04 PM
#21
Drifting
50% will be looked back on wistfully when the bill comes due for the last 6 years.
04-03-2015, 07:36 PM
#22
Racer
I sold a car to an independent dealer and yes…no transfer of the tax credit to a purchase from another dealer or individual. He did say my tax credit was good for a year from the deal on buying a car from him.
__________________
2014 991 Turbo
2013 958 Turbo Diesel
2006 987 Turbo
__________________
2014 991 Turbo
2013 958 Turbo Diesel
2006 987 Turbo
04-04-2015, 12:50 AM
#23
Burning Brakes
In Texas, if you trade in a car on a new one, the tax is paid on the difference in values so you do get a break on the 6.25% state tax. And it wouldn't matter what you owed on the car, only the dollar amount they are paying you for the car. (example, you trade in a car you owe $15K on for a $30K car and the dealer only pays you $10K for it. You would pay sales tax on $20K, 30-20, but you would now owe $35K for the new car minus any trade in.)
You do not get to take this "credit" from one dealer to another, or use it on a private party sale. Some dealers will run two private customers through their store as a "pass through" for a fee. Might be worth it to pay $500 or so if you're saving several thousand on taxes somewhere in the transaction.
You do not get to take this "credit" from one dealer to another, or use it on a private party sale. Some dealers will run two private customers through their store as a "pass through" for a fee. Might be worth it to pay $500 or so if you're saving several thousand on taxes somewhere in the transaction.
04-04-2015, 06:45 AM
#24
Burning Brakes
Yeah, it's amazing that as strong as they were on deficit spending, one man has been able to eclipse not only them, but the cumulative deficit spending of every other president who ever took the oath! 50% will be looked back on wistfully when the bill comes due for the last 6 years.
http://www.cbo.gov
04-05-2015, 01:11 AM
#26
Burning Brakes
My statement did not reflect my political bent or belief
Fact is not a matter of opinion political or otherwise.
The link attached goes to an office of Congress charged with issuing factual based pronouncements including the actual deficit numbers.
.... As for Fox News the question as to whether it dispenses facts with respect to the deficit is not a matter of opinion. It is a question of fact.
04-05-2015, 09:10 AM
#27
Drifting
The issue was one of fact - the size of the deficit for each president.
My statement did not reflect my political bent or belief
Fact is not a matter of opinion political or otherwise.
The link attached goes to an office of Congress charged with issuing factual based pronouncements including the actual deficit numbers.
.... As for Fox News the question as to whether it dispenses facts with respect to the deficit is not a matter of opinion. It is a question of fact.
My statement did not reflect my political bent or belief
Fact is not a matter of opinion political or otherwise.
The link attached goes to an office of Congress charged with issuing factual based pronouncements including the actual deficit numbers.
.... As for Fox News the question as to whether it dispenses facts with respect to the deficit is not a matter of opinion. It is a question of fact.
07-06-2015, 02:13 PM
#29
Rennlist Member
07-06-2015, 04:12 PM
#30
Three Wheelin'
Tell me about it. I never register any of my cars anymore in Cali. That's why I bought a second home in a state with better taxes. As an aside, Cali has been good to me for home values. Where else can you buy a house for $76K in 1974 and now be worth $2.8M?