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tntchix said:
We trade all the time and then trade or sell that. We make more that way, especially if there's that pesky emissions problem.
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Ga makes me pay taxes on trades. Its around 10% of the high blue book value, not the actual value. Its not profitable to trade here anymore. The only way to do it an make money is to deal in open titles which is illegal...
 
they get ya anyway they can, right?
barnie.gif
I was wrong about the rock crawler, it was going to be a swamp bogger.
 
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hennible said:
Taxing trades what a load of
duc.gif
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If thats what they said they were doing it would have never been aloud. What they did was combine the ad valorem tax with the sales tax to be payed as a one time single tax at the tag office. You pay it once an all at one place, never to be taxed again on that car as long as you own it. Sounds great when you hear that sales pitch. But it is based on the make an model an not on sales price. That means the guy buying a $100,000 custom 1957 chevy pays the same tax as the guy that traded a few cans of apples for a pile of rust out of a farmers field that at one time use to be a 1957 chevy. End result is tax on trades.

My brother bough a truck out of Alabama for $7K this year from a dealer. The tag office said it is a $14K truck an taxed him for $14K. He was expecting it though. A few months before he was tagging a car he had just got an the people in front of him were having to pay $3,000 to tag something. Fits were being thrown. The tag office tries to calm people down by saying that it is only $20 a year after that for as long as you own it but it was not much over that before.

I have 9 days before I have to go tag all mine again if they dont sell....
 
We pay the taxes on the purchase price, after reading your explanation of how you are charged that seem like a great deal.... I can't imagine having to pay the tax amount for the bluebook value of a junker if it's only good enough to be used for the parts... :idunno
 
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hennible said:
Taxing trades what a load of
duc.gif
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Most likely it was introduced as a direct response to people abusing the trading system as a way to deliberately evade taxes, (and perhaps then boasting about it). Like anything, you can have great things going on, but when a few people start using it to game the system and rip off everyone else, the response is going to come. (unless you steal a few billion, then you get a bonus).
 
Gargoyle said:
Most likely it was introduced as a direct response to people abusing the trading system as a way to deliberately evade taxes, (and perhaps then boasting about it). Like anything, you can have great things going on, but when a few people start using it to game the system and rip off everyone else, the response is going to come. (unless you steal a few billion, then you get a bonus).
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That may have a lot to do with it. Something like half of the titles that came threw the tag office a few years ago had the word "trade" wrote in the price section. Pointless scam though cause at the time you were not charged sales tax at the tag office. The state title office sent out a paper to the owners of every newly registered car that told them how to figure up taxes owed if any an you only had to send it in if you owed. If the paper was not returned it was assumed it was exempt or the taxes were already payed at point of sale.
 

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