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Madison Motorsports
Rich Car Guy Problems: Montana License Plate Tax Dodge Crackdown - Printable Version

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RE: Rich Car Guy Problems: Montana License Plate Tax Dodge Crackdown - CaptainHenreh - 11-26-2018

(11-26-2018, 01:12 PM)Apoc Wrote:  We pay annual tax based on NADA values of our cars, it's ridiculous, and I still think he sounds like an entitled douche. Thinking a tax is fucked up isn't the same thing as a defense for not paying that tax.

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RE: Rich Car Guy Problems: Montana License Plate Tax Dodge Crackdown - G.Irish - 11-26-2018

(11-26-2018, 01:12 PM)Apoc Wrote: I'm all for death to taxes, but he glosses over the part where they're breaking the law by effectively saying, "oh, well, everyone else does it." Also, lol @ hardship if the tax bills come due because you didn't plan on paying the taxes. We pay annual tax based on NADA values of our cars, it's ridiculous, and I still think he sounds like an entitled douche. Thinking a tax is fucked up isn't the same thing as a defense for not paying that tax.

Yeah I had the same thought when I saw Ed's video a few weeks ago. The way that car tax is calculated is kinda crappy, and no one likes paying a yearly tax on an asset. At least with cars it's a depreciating asset so most of the time that tax is going down every year, instead of going up the way it usually does with real estate.

Still, if you choose to use a sketchy loophole to avoid that tax, there's always the risk the door is going to get slammed shut on that loophole and that you'll be forced to pay. And just because you got away with something for years is immaterial. If you were running afoul of the law, the fact that you didn't get punished for a few years doesn't make a lick of difference unless the statute of limitations ran out. Luckily most of the time the tax guys just want their money so they're willing to work with people on paying it back.

The new tax enforcement may have an effect on the supercar market in Georgia but that's neither here nor there really. If people were buying cars that they couldn't really afford to pay the taxes on, the negative effect on the market is just returning the market to where it should have been. Might need to start trolling Atlanta craigslist for fire sale exotics...