10-29-2018, 04:05 PM
(This post was last modified: 10-29-2018, 04:06 PM by WRXtranceformed.)
(10-29-2018, 03:50 PM)D_Eclipse9916 Wrote:(10-29-2018, 03:35 PM)Evan Wrote:(10-29-2018, 03:16 PM)G.Irish Wrote: You get taxed on just about everything you buy though. You don't get bent out of shape when you pay 10 cents tax on a candy bar because you can easily afford a candy bar. If you've got enough money to afford a Chiron (the Veyron is ugly), you have enough money to pay the tax. $200k is a lot of money but when you're worth 8 or 9 figures it's not that much money relative to your net worth.And if you sell your candy bar to your buddy, he doesn't pay tax on it. (Unless you buy it as a re-seller, which then you dont pay tax)
And if you keep your candy bar for a year, you dont pay more tax on it. (And if you did, the percentage of that tax would not go up if you had a godiva candy bar)
I would hope that a car enthusiast of all people would understand that "ordinary" people who love cars should be able to save their pennies and splurge on an expensive car without being labelled "rich" and overtaxed.
Every year in October I want to sell my Lotus due to the tax bill and its not even worth all that much.
warning: tangent ahead
And thats before we even get into the fact that 40% of the planet doesnt even have clean water to drink. Almost every single American is RICH in a human perspective. This "tax the rich" attitude is just a populist excuse to steal people's money out of greed and jealousy.
"Overtaxed". I have to pay taxes at the same % basis for my car as that guy with the $1M. Either get rid of all car tax or treat everyone the same (which this is). If we didn't pay PP taxes on cars, we would be paying it on our homes, or on our candy bars, or whatever. In 20 years with the proliferation of the younger generation not wanting cars as much; are we going to see PP taxes on phones? (easy to track with cell #) PP tax and NC's version of sales tax (Highway Use Tax), has a huge effect on what car I buy. I gripe about it all the time. I want a new truck, but it will cost me $2k in just highway use tax 3% (sales tax) before getting PP taxed. I understand people are upset about taxes, but the government is going to get "theirs" wether you want it or not. I am more for closing loopholes and lowering the overall tax % across the board not to incentivize this behavior.
I honestly don't mind people using the loophole; but it is in my view Tax Evasion to set up an LLC with the sole intent of avoiding taxes. Wether they get caught is not my problem
When I moved a few miles down the road to SC, there is a cap on sales tax for cars here of $400. So whether I buy a car in SC or NC or Montana or Florida, I pay at max a flat fee of $400 to the state of SC.
Our yearly property tax on cars is structured similarly to how NC was (based on a value of the vehicle, which can be contested) but the property tax on our home is drastically lower
Posting in the banalist of threads since 2004
2017 Mazda CX-5 GT AWD Premium
Past: 2016 GMC Canyon All Terrain Crew Cab / 2010 Jaguar XFR / 2012 Acura RDX AWD Tech / 2008 Cadillac CTS / 2007 Acura TL-S / 1966 5.0 HO Mustang Coupe
2001 Lexus IS300 / 2004 2.8L big turbo WRX STI / 2004 Subaru WRX / A couple of old trucks
2017 Mazda CX-5 GT AWD Premium
Past: 2016 GMC Canyon All Terrain Crew Cab / 2010 Jaguar XFR / 2012 Acura RDX AWD Tech / 2008 Cadillac CTS / 2007 Acura TL-S / 1966 5.0 HO Mustang Coupe
2001 Lexus IS300 / 2004 2.8L big turbo WRX STI / 2004 Subaru WRX / A couple of old trucks

