10-29-2018, 11:05 AM
As some of you may know, there's a tax avoidance/evasion scheme that some car guys have been using for a number of years where they register their car to Montana so they can avoid paying sales tax (or car tax).
The state of Georgia just decided to crack down on this since apparently 100's of supercar buyers have been registering LLC's in Montana to get around paying tax on these cars. The two guys that the Georgia Dept. of Revenue decided to make an example out of apparently bought 50 cars in 4 years between the two of them and owe $1.6 million in taxes.
I've been bemused by this, and some of the reactions to this story. I'm kinda like, if you're gonna use a sketchy tax loophole, don't cry when the tax man comes for dat azz. Especially on an ultra luxury purchase like a supercar.
The state of Georgia just decided to crack down on this since apparently 100's of supercar buyers have been registering LLC's in Montana to get around paying tax on these cars. The two guys that the Georgia Dept. of Revenue decided to make an example out of apparently bought 50 cars in 4 years between the two of them and owe $1.6 million in taxes.
I've been bemused by this, and some of the reactions to this story. I'm kinda like, if you're gonna use a sketchy tax loophole, don't cry when the tax man comes for dat azz. Especially on an ultra luxury purchase like a supercar.
2018 Ducati Panigale V4
Past: 2018 Honda Civic Type-R, 2015 Yamaha R1, 2009 BMW M3, 2013 Aprilia RSV4R, 2006 Honda Ridgeline, 2006 Porsche Cayman S, 2012 Ducati 1199, 2009 Subaru WRX, 2008 CBR1000RR, 2009 Kawasaki ZX-6R, 2000 Toyota Tundra, 2005 Honda CBR600RR, 1996 Acura Integra GS-R, 1996 Acura Integra GS-R, 1997 Honda Civic EX
http://www.aclr8.com
Past: 2018 Honda Civic Type-R, 2015 Yamaha R1, 2009 BMW M3, 2013 Aprilia RSV4R, 2006 Honda Ridgeline, 2006 Porsche Cayman S, 2012 Ducati 1199, 2009 Subaru WRX, 2008 CBR1000RR, 2009 Kawasaki ZX-6R, 2000 Toyota Tundra, 2005 Honda CBR600RR, 1996 Acura Integra GS-R, 1996 Acura Integra GS-R, 1997 Honda Civic EX
http://www.aclr8.com

