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Sales tax on used vehicles
Posted on 2/21/21 at 5:49 pm
Posted on 2/21/21 at 5:49 pm
Is there anything else that you could name you would pay taxes on that is used.
If a 50,000.00 truck is bought & sold 3 times in a 7 year period the state would collect approximately $8,500.00-$9,000.00 in taxes.
Take about a racket, a product should be taxed 1 time when it’s purchased new, taxing used vehicles is highway robbery.
If a 50,000.00 truck is bought & sold 3 times in a 7 year period the state would collect approximately $8,500.00-$9,000.00 in taxes.
Take about a racket, a product should be taxed 1 time when it’s purchased new, taxing used vehicles is highway robbery.
30
Posted on 2/21/21 at 5:51 pm to UnoMe
You're supposed to be reporting all your internet purchases too, new or used.
Posted on 2/21/21 at 5:52 pm to UnoMe
If you really want your mind blown, Good Will and the like charge sales tax too
Posted on 2/21/21 at 5:52 pm to UnoMe
Used items on eBay are taxed now as well.
Posted on 2/21/21 at 5:55 pm to UnoMe
quote:
Is there anything else that you could name you would pay taxes on that is used.
Pretty much anything that the sales taxes are charged on that I want and that it priced right.
Used items that I have paid taxes on include: Camera equipment, air compressor, rear tine tiller, table saw, cell phone, truck, Yamaha outboard, pellet rifle, and much more.
Incidentally, taxes aren't robbery or even theft. They suck, but government and the things it provides has to be paid for somehow.
Posted on 2/21/21 at 6:00 pm to UnoMe
Gunbroker is taxing auctions now as well.
Posted on 2/21/21 at 6:06 pm to UnoMe
quote:
Is there anything else that you could name you would pay taxes on that is used.
Quite literally, anything
Posted on 2/21/21 at 6:07 pm to UnoMe
quote:
Is there anything else that you could name you would pay taxes on that is used.
I pay taxes on my used house every year
Posted on 2/21/21 at 6:07 pm to UnoMe
You live on a tax farm as a free range human.
This post was edited on 2/21/21 at 6:12 pm
Posted on 2/21/21 at 6:08 pm to UnoMe
If you're paying using money given out by govt. then you are using tax money to pay taxes again.
Posted on 2/21/21 at 6:10 pm to UnoMe
The person who trades the vehicle receives tax credit on the new purchase reducing sales tax collected.
Posted on 2/21/21 at 6:17 pm to UnoMe
That's why you always keep a friend who is a dealer that can do a trade on paper for you.
Posted on 2/21/21 at 6:22 pm to LSUTigerFan247
quote:
That's why you always keep a friend who is a dealer that can do a trade on paper for you.
Your friend is not committing tax fraud for you liar
Posted on 2/21/21 at 6:24 pm to UnoMe
One of my gripes, taxes on the sale of a vehicle should only happen once. But we have a lot of govt pensions and raises to pay for.
Posted on 2/21/21 at 6:28 pm to UnoMe
Don't forget the money you're paying that tax on was already taxed from the get go.
This post was edited on 2/21/21 at 6:29 pm
Posted on 2/21/21 at 6:29 pm to UKWildcats
quote:
Don't forget the money you're paying that tax on was already taxed from the get go.
For many many people this is incorrect
Posted on 2/21/21 at 6:35 pm to UnoMe
Just write it off.
It’s almost free to start a business. Print up some cards that say UnoMe’s car buying business. Now it’s not retail and there are no taxes. If the lot won’t work with you you just write it off come tax time.
I do this with cars, large appliance purchases, houses, etc. anything over $1000 makes it worth it.
It’s almost free to start a business. Print up some cards that say UnoMe’s car buying business. Now it’s not retail and there are no taxes. If the lot won’t work with you you just write it off come tax time.
I do this with cars, large appliance purchases, houses, etc. anything over $1000 makes it worth it.
Posted on 2/21/21 at 6:36 pm to OysterPoBoy
quote:
Now it’s not retail and there are no taxes.
Wrong
Posted on 2/21/21 at 6:36 pm to UnoMe
Buying antique (used) furniture is taxed.
Posted on 2/21/21 at 6:38 pm to BiggerBear
taxes
quote:do they?
They suck, but government and the things it provides has to be paid for somehow.
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