- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Posted on 2/21/21 at 6:59 pm to weadjust
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 on 2/21/21 at 7:01 pm to BiggerBear
Problem is the gov wastes 80% of the taxes we give them
Posted on 2/21/21 at 7:06 pm to Nado Jenkins83
And this is why I will gladly accept any stimulus money that is offered me.
Posted on 2/21/21 at 7:08 pm to BiggerBear
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 on 2/21/21 at 7:09 pm to Nado Jenkins83
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 on 2/21/21 at 7:11 pm to kywildcatfanone
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 on 2/21/21 at 7:13 pm to BiggerBear
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 on 2/21/21 at 7:17 pm to UnoMe
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.
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 on 2/21/21 at 7:23 pm to Martini
So lie or break the law?
Got it
Got it
Posted on 2/21/21 at 7:32 pm to UnoMe
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.
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 on 2/21/21 at 7:33 pm to UnoMe
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 on 2/21/21 at 7:40 pm to Martini
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 on 2/21/21 at 7:56 pm to UnoMe
Inventory taxes are bigger bullshite
Posted on 2/21/21 at 8:04 pm to jaTigerfan
Everything is taxed on ebay and online everywhere. Even the Chinese garbage they sell. You have South Dakota to thank for that.
Posted on 2/21/21 at 8:29 pm to UnoMe
Pretty simple rule of thumb...when money changes hands...the receiver will/should/supposed to pay some kind of tax
Posted on 2/21/21 at 8:31 pm to UnoMe
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.
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 on 2/21/21 at 8:39 pm to Mingo Was His NameO
quote:
Congrats on your tens of dollars
Put it on a pair of Nikes on Layaway.
Posted on 2/21/21 at 8:39 pm to tgrbaitn08
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
Popular
Back to top


0






