I am a complete idiot

[Matt Williams]

I bought a Camry from my boss for $2,000 about a week ago. I went to the DMV today to register the title and everything. The chick at the counter asked me how much I paid. I told her $2,000. My bill for the title was $140. I was like WTF? The chick tells me its $20 for the title and $120 for 6% sales tax. I was like "What tax?" and she tells me the tax on the $2,000 car I bought. I should have told her $250 instead of $2,000. If she asked for proof I could have said I paid cash. Gosh!

[Runner Runner]

I am pretty sure they use some sort of book value when calculating the sales tax to avoid that kind of stuff.

[Brainwalter]

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I am pretty sure they use some sort of book value when calculating the sales tax to avoid that kind of stuff.

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nah.

[jakethebake]

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I am pretty sure they use some sort of book value when calculating the sales tax to avoid that kind of stuff.

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nah.

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Whenever I've bought cars from individuals, I've always put $1.

[Toro]

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I am pretty sure they use some sort of book value when calculating the sales tax to avoid that kind of stuff.

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nah.

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Whenever I've bought cars from individuals, I've always put $1.

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Don't think you can get away with that here in Taxachusetts.

[NobodysFreak]

I've bought 3 used cars here in Jersey and each time I've told them I paid $1. Just tell them it was a gift from a friend or relative.

[TheCroShow]

i am jack's complete lack of surprise

[meep_42]

In MD you have to show proof of relationship for the gift route and they use blue book value as the minimum tax base.

-d

[Porcupine]

It used to work in NC. When standing in line, I used to chuckle at all the people that had paid $1 or $100 for cars, but NC caught on and now uses some book value /images/graemlins/frown.gif

[Malachii]

Works in California. It's amazing the deals you can find for $50 these days...

[adamstewart]

[ QUOTE ]
I am pretty sure they use some sort of book value when calculating the sales tax to avoid that kind of stuff.

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That's what they have here in Ontario ... it's called "fair market value." Regardless, it still ends up being a little less than what one usually pays for the vehicle.



Adam

[Wintermute]

I bought a car from my father for $1.