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  #1  
Old 08-15-2005, 01:15 PM
Matt Williams Matt Williams is offline
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Posts: 82
Default I am a complete idiot

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!
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  #2  
Old 08-15-2005, 02:09 PM
Runner Runner Runner Runner is offline
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Default Re: I am a complete idiot

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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  #3  
Old 08-15-2005, 02:12 PM
Brainwalter Brainwalter is offline
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Location: Fla.
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Default Re: I am a complete idiot

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

[/ QUOTE ]

nah.
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  #4  
Old 08-15-2005, 02:14 PM
jakethebake jakethebake is offline
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Join Date: Feb 2004
Posts: 9
Default Re: I am a complete idiot

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

[/ QUOTE ]

nah.

[/ QUOTE ]

Whenever I've bought cars from individuals, I've always put $1.
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  #5  
Old 08-15-2005, 02:24 PM
Toro Toro is offline
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Join Date: Dec 2002
Location: Massachusetts
Posts: 367
Default Re: I am a complete idiot

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

[/ QUOTE ]

nah.

[/ QUOTE ]

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

[/ QUOTE ]

Don't think you can get away with that here in Taxachusetts.
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  #6  
Old 08-15-2005, 02:26 PM
NobodysFreak NobodysFreak is offline
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Join Date: Sep 2004
Location: donk betting the turn
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Default Re: I am a complete idiot

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.
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  #7  
Old 08-15-2005, 02:30 PM
TheCroShow TheCroShow is offline
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Join Date: Dec 2004
Location: Victoria, BC Canada
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Default Re: I am a complete idiot

i am jack's complete lack of surprise
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  #8  
Old 08-15-2005, 02:34 PM
meep_42 meep_42 is offline
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Default Re: I am a complete idiot

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
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  #9  
Old 08-15-2005, 02:56 PM
Porcupine Porcupine is offline
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Location: North Carolina
Posts: 201
Default Re: I am a complete idiot

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 [img]/images/graemlins/frown.gif[/img]
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  #10  
Old 08-15-2005, 04:32 PM
Malachii Malachii is offline
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Location: Irvine, CA
Posts: 874
Default Re: I am a complete idiot

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