Sales Tax On a Used Car - Is It Wrong?

Jimbuna · 05-08-11, 01:08 PM

Couldn't you give it away and the person you gave it to sent you a financial gift?

I know....probably illegal but I do agree with you seeing as how you've only had it 6 months.

We have a nasty little tax in the UK that goes by the name of VAT (Value Added Tax) and that has recently increased from 17 1/2 to 20%

vienna · 05-08-11, 03:56 PM

I once worked for someone who would buy high-priced auction items in California by having a friend in a state that had no sales tax bid on the items, buy them, have them sent to the friend, then the friend would send the items back to California. I am sure this is all very illegal and I have very little doubt the authorities caught uo with them.

Anthony W. · 05-08-11, 04:31 PM

Quote:

Originally Posted by jimbuna

Couldn't you give it away and the person you gave it to sent you a financial gift?

I know....probably illegal but I do agree with you seeing as how you've only had it 6 months.

We have a nasty little tax in the UK that goes by the name of VAT (Value Added Tax) and that has recently increased from 17 1/2 to 20%

And they're trying to do that here in the USA... Man, first gas hits 4.20 for unleaded, and I don't even like pumping that. Now taxes are seeming to rocket (maybe I've just been buying and selling a lot lately) - I don't know what I'm going to do - especially now that I am considering making a small business off of buying and selling muscle cars in the midwest region.

AVGWarhawk · 05-08-11, 08:51 PM

The state of MD Motor Vehicle Administration will ask what was paid for the car and apply the sales tax. There is a minimium the MVA will take. Something like $400.00. So, if you paid $85000 one simply tells the MVA $400.00 was paid for a 1969 completely restored Super Bee.

You get our tags an go home......after 5 hours on line that is.

Anthony W. · 05-08-11, 08:53 PM

Quote:

Originally Posted by AVGWarhawk

The state of MD Motor Vehicle Administration will ask what was paid for the car and apply the sales tax. There is a minimium the MVA will take. Something like $400.00. So, if you paid $85000 one simply tells the MVA $400.00 was paid for a 1969 completely restored Super Bee.

You get our tags an go home......after 5 hours on line that is.

Fraud - it's a wonderful thing - is it not? Hahaha

magic452 · 05-08-11, 11:36 PM

The Nevada DMV will ask the same question, BUT you gotta show a bill of sale.

If the sale price is too low they will use a Blue Book figure.
The crooks are gonna get their money you can bet on that.

Magic

05-08-11, 01:08 PM	#1
Jimbuna Chief of the Boat Join Date: Feb 2006 Location: 250 metres below the surface Posts: 191,437 Downloads: 63 Uploads: 13	Couldn't you give it away and the person you gave it to sent you a financial gift? I know....probably illegal but I do agree with you seeing as how you've only had it 6 months. We have a nasty little tax in the UK that goes by the name of VAT (Value Added Tax) and that has recently increased from 17 1/2 to 20% __________________ Wise men speak because they have something to say; Fools because they have to say something. Oh my God, not again!!

05-08-11, 08:51 PM	#4
AVGWarhawk Lucky Jack Join Date: Jun 2005 Location: In a 1954 Buick. Posts: 28,303 Downloads: 90 Uploads: 0	The state of MD Motor Vehicle Administration will ask what was paid for the car and apply the sales tax. There is a minimium the MVA will take. Something like $400.00. So, if you paid $85000 one simply tells the MVA $400.00 was paid for a 1969 completely restored Super Bee. You get our tags an go home......after 5 hours on line that is. __________________ “You're painfully alive in a drugged and dying culture.” ― Richard Yates, Revolutionary Road

05-08-11, 11:36 PM	#6
magic452 Sea Lord Join Date: Sep 2007 Location: Reno Nevada USA Posts: 1,860 Downloads: 85 Uploads: 0	The Nevada DMV will ask the same question, BUT you gotta show a bill of sale. If the sale price is too low they will use a Blue Book figure. The crooks are gonna get their money you can bet on that. Magic __________________ Reported lost 11 Feb. 1942 Signature by depthtok33l

05-08-11, 03:56 PM	#2
vienna Navy Seal Join Date: Jun 2005 Location: Anywhere but the here & now... Posts: 7,731 Downloads: 85 Uploads: 0	I once worked for someone who would buy high-priced auction items in California by having a friend in a state that had no sales tax bid on the items, buy them, have them sent to the friend, then the friend would send the items back to California. I am sure this is all very illegal and I have very little doubt the authorities caught uo with them.