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re: Sales tax on used vehicles

Posted on 2/21/21 at 6:50 pm to
Posted by eScott
Member since Oct 2008
11376 posts
Posted on 2/21/21 at 6:50 pm to
quote:

The person who trades the vehicle receives tax credit on the new purchase reducing sales tax collected.


And gets raped by the dealer
Posted by TigerstuckinMS
Member since Nov 2005
33687 posts
Posted on 2/21/21 at 6:59 pm to
quote:

I pay taxes on my used house every year

No, you pay rent on a house that you think you own.

Don't pay your rent one year and see what happens.
Posted by Nado Jenkins83
Land of the Free
Member since Nov 2012
66066 posts
Posted on 2/21/21 at 7:01 pm to
Problem is the gov wastes 80% of the taxes we give them
Posted by Cool Hand Luke
Member since Oct 2008
2039 posts
Posted on 2/21/21 at 7:06 pm to
And this is why I will gladly accept any stimulus money that is offered me.
Posted by Passing Wind
Dutchtown
Member since Apr 2015
4851 posts
Posted on 2/21/21 at 7:08 pm to
quote:

government and the things it provides

I know which way you vote. Government’s role isn’t to “provide things”. :Freaking Face Palm:
This post was edited on 2/21/21 at 7:10 pm
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
139311 posts
Posted on 2/21/21 at 7:09 pm to
quote:

Problem is the gov wastes 80% of the taxes we give them


At least. Wastes, and/or misspends on things that aren't important or relevant to what Govt should be dealing with.

We need Federal Govt for a few things, infrastructure, military and maybe a few more, and state/local govt for a few things.

Posted by Nado Jenkins83
Land of the Free
Member since Nov 2012
66066 posts
Posted on 2/21/21 at 7:11 pm to
I wish we could choose what our tax dollars went to. It would be an interesting study at least. I bet most would be for infrastructure, military, and education.
This post was edited on 2/21/21 at 7:12 pm
Posted by Travis Scott
McDonald’s
Member since Jan 2021
689 posts
Posted on 2/21/21 at 7:13 pm to
quote:

Incidentally, taxes aren't robbery or even theft. They suck, but government and the things it provides has to be paid for somehow.


The government continues to pile on taxes because of people like this
Posted by Martini
Near Athens
Member since Mar 2005
49661 posts
Posted on 2/21/21 at 7:17 pm to
Buy a used vehicle from an individual and make the bill of sale well below market value. Why is this 50k 3 year old truck only worth 6k? Because it’s wrecked.

I have an inspection sticker on my truck that expired in November 2019. I feel like every time I pass a cop I’m sticking it to the man. Pulled over last year and asked about it-told them it had been parked in a warehouse for a year and I was about to get a new one. No citation. I’m sticking that $18.00 in my portfolio instead of La State coffers.
Posted by UnoMe
Here
Member since Dec 2007
7016 posts
Posted on 2/21/21 at 7:23 pm to
So lie or break the law?

Got it
Posted by Travis Scott
McDonald’s
Member since Jan 2021
689 posts
Posted on 2/21/21 at 7:27 pm to
Posted by False Sports
Member since Jan 2021
25 posts
Posted on 2/21/21 at 7:32 pm to
Want to make your head explode?

If you sell something used for more than you bought it for, you are supposed to pay capital gains tax on it...

So yeah, if your old Nintendo 64 game increases in value and sells for more than you bought it, you are supposed to pay Uncle Sam.
This post was edited on 2/21/21 at 8:58 pm
Posted by Slim Chance
Member since Oct 2012
1626 posts
Posted on 2/21/21 at 7:33 pm to
I've bought and sold several vehicles, atv's, even a camper, in my lifetime using a notorized act of donation form. Has saved me a ton on taxes at the dmv that way. Just gotta have the other person on board with a little tax evasion and it works like a charm.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 2/21/21 at 7:40 pm to
quote:

I have an inspection sticker on my truck that expired in November 2019. I feel like every time I pass a cop I’m sticking it to the man. Pulled over last year and asked about it-told them it had been parked in a warehouse for a year and I was about to get a new one. No citation. I’m sticking that $18.00 in my portfolio instead of La State coffers.


Congrats on your tens of dollars
Posted by Napoleon
Kenna
Member since Dec 2007
74221 posts
Posted on 2/21/21 at 7:56 pm to
Inventory taxes are bigger bullshite
Posted by Vlatket
Member since Oct 2016
7475 posts
Posted on 2/21/21 at 8:04 pm to
Everything is taxed on ebay and online everywhere. Even the Chinese garbage they sell. You have South Dakota to thank for that.
Posted by yaherrdme
The Place to Be
Member since Feb 2004
5935 posts
Posted on 2/21/21 at 8:29 pm to
Pretty simple rule of thumb...when money changes hands...the receiver will/should/supposed to pay some kind of tax
Posted by tgrbaitn08
Member since Dec 2007
148031 posts
Posted on 2/21/21 at 8:31 pm to
Some of you people itt need to read up on the Louisiana Occasional sales tax rule

The Louisiana state and local sales tax laws have historically included an isolated or occasional sale rule. In general, the rule looks at the characteristics of a seller to determine if a sales taxable transaction has occurred. If the seller is not engaged in the business of selling the type of property being sold and does not hold itself out as being engaged in such business (La. R.S. 47:301(1)),the transaction is not subject to sales/use tax regardless of the nature of the buyer. La. R.S. 47:301(10)(c)(ii)(bb)(the “Occasional Sale Rule”). It was the Occasional Sale Rule that not only allowed yard and garage sales without state or local sales tax, but allowed a grocer to sell used computers, a retailer to sell used display cases, and a vessel operator to sell used vessels without sales tax.

Isolated or Casual Sales:

Isolated or casual sales are taxed at 4% on purchases from April 1, 2016 through June 30, 2016. Purchases made prior to April 1, 2016 or after June 30, 2016 are exempt.

LA R.S.47:301(10)(c)(ii)(bb) excludes casual or isolated sales from the definition of "retail sale", when the property is sold by persons who do not hold themselves out to be dealers of such items.

Person to person sales of boats (includes out-of-state). A boat purchased from a prior owner or someone not in the business of selling boats is considered a casual or isolated sale.

The prior owner’s title, certificate of origin, or the Wildlife and Fisheries registration certificate must be properly signed over to the new owner with a notarized bill of sale signed by both parties.



quote:

Brokered Sales

The use of a broker will not necessarily disqualify a transaction from qualifying as an isolated or occasional sale as long as the seller meets the following criteria:

the seller does not hold him/herself out to be engaged in the business of selling boat or vessels;

the seller does not have a history of frequent, regular and repeated sales of boats or vessels;

the seller maintains title, if the boat or vessel is titled, or possession, if the boat or vessel is not titled; and
the seller purchased the boat or vessel for his/her own use. Further, to qualify a transaction as an isolated or occasional sale under the provisions of LA. R.S. 47:301(10)(c)(ii)(bb), a buyer must submit documentation, such as a cancelled check from the seller to buyer and a bill of sale indicating title is being transferred or the prior owner’s certificate of registration showing his or her transfer of ownership to the buyer.

This post was edited on 2/21/21 at 8:32 pm
Posted by Martini
Near Athens
Member since Mar 2005
49661 posts
Posted on 2/21/21 at 8:39 pm to
quote:

Congrats on your tens of dollars



Put it on a pair of Nikes on Layaway.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 2/21/21 at 8:39 pm to
All I can tell you is a business and an individual are treated quite differently as far as occasional sales. Statutes are, let's say, open for interpretation with DOR's
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