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      10-18-2019, 03:16 PM   #5721
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Originally Posted by Run Silent View Post
#truth
Next to the "charitable giving" write off on your taxes and self reporting tip income, the self-valuation of a used vehicle purchase with the DMV has got to be one of the most exploited things.

DMV - Uh, so you're telling me you purchased a used 2017 BMW M3 for $500?
Owner - Yep! And here's my home-made receipt to prove it!
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      10-18-2019, 03:19 PM   #5722
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Originally Posted by DETRoadster View Post
Next to the "charitable giving" write off on your taxes and self reporting tip income, the self-valuation of a used vehicle purchase with the DMV has got to be one of the most exploited things.

DMV - Uh, so you're telling me you purchased a used 2017 BMW M3 for $500?
Owner - Yep! And here's my home-made receipt to prove it!
I've always wanted to do this - but in my profession, getting caught will result in revocation my license - so I've never deemed it worth the risk.

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      10-18-2019, 03:41 PM   #5723
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Originally Posted by Run Silent View Post
I've always wanted to do this - but in my profession, getting caught will result in revocation my license - so I've never deemed it worth the risk.

Yeah, not worth it. I did it once to help a buddy out. Sold him a motorcycle for $4,000 and wrote up a bill of sale for $1,000. The DMV actually called me to inquire and I was forced to lie and say it had body damage and that's why the price was so low. They then followed up with him and demanded an inspection at the state trooper HQ. He was forced to take it there and then lie and say he had already replaced all the bad body panels. F that. So not worth it.
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      10-18-2019, 03:49 PM   #5724
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Originally Posted by DETRoadster View Post
Yeah, not worth it. I did it once to help a buddy out. Sold him a motorcycle for $4,000 and wrote up a bill of sale for $1,000. The DMV actually called me to inquire and I was forced to lie and say it had body damage and that's why the price was so low. They then followed up with him and demanded an inspection at the state trooper HQ. He was forced to take it there and then lie and say he had already replaced all the bad body panels. F that. So not worth it.
Yikes! Some stressful days eh?
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      10-18-2019, 03:55 PM   #5725
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Yikes! Some stressful days eh?
Yeah, well, what can I say. That was 20 years ago when I was in my mid 20s. Was a little dumber and a lot more reckless back then.
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      10-18-2019, 04:42 PM   #5726
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      10-18-2019, 08:57 PM   #5727
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      10-19-2019, 07:26 AM   #5728
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Quote:
Originally Posted by DETRoadster View Post
Quote:
Originally Posted by Run Silent View Post
#truth
Next to the "charitable giving" write off on your taxes and self reporting tip income, the self-valuation of a used vehicle purchase with the DMV has got to be one of the most exploited things.

DMV - Uh, so you're telling me you purchased a used 2017 BMW M3 for $500?
Owner - Yep! And here's my home-made receipt to prove it!
Most DMV, use the blue book retail value unless you have actual BOS from dealer. I know CA does this and if there is no blue book value they will assign one.

I did title transfer on 53 F100 with my dad, no blue book, and no Sale and so no Sale price, tried to enter $0 and system would not allow, had to enter $100. Sold a couple cars in PA and as soon as you said private sale they just looked up retail value. Did not matter what your little piece paper said.

Last edited by Maestro; 10-21-2019 at 09:12 AM..
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      10-19-2019, 09:05 AM   #5729
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Originally Posted by Maestro View Post
Most DMV, use the blue book retail value unless you have actual BOS from dealer. I know CA dord this and if there is no blue book value they will assign one.
Here in New Yorkistan, DMV offices are operated by each county's government. Counties derive the bulk of their tax revenue from sales tax. Unless the vehicle is a gift/sale between relatives, they have every incentive in the world to make you pay sales tax on the book value.....
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      10-19-2019, 11:38 AM   #5730
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Quote:
Originally Posted by vreihen16 View Post
Here in New Yorkistan, DMV offices are operated by each county's government. Counties derive the bulk of their tax revenue from sales tax. Unless the vehicle is a gift/sale between relatives, they have every incentive in the world to make you pay sales tax on the book value.....
You don't have property tax?
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      10-19-2019, 03:02 PM   #5731
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      10-19-2019, 08:33 PM   #5732
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Originally Posted by Mason Hatcher View Post
You don't have property tax?
The bulk of our property tax goes to the town/village/city, and they are responsible for collecting it. Sales tax goes to the county, along with a small share of the property tax (about 21% on my latest bill). Income tax goes to the state. School tax (out of control) goes to the local district.

Our property taxes are only on real property, which they define as land and buildings. No crazy annual "personal" property taxes on cars and stuff, like some other states do.....
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      10-19-2019, 11:06 PM   #5733
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Quote:
Originally Posted by vreihen16 View Post
The bulk of our property tax goes to the town/village/city, and they are responsible for collecting it. Sales tax goes to the county, along with a small share of the property tax (about 21% on my latest bill). Income tax goes to the state. School tax (out of control) goes to the local district.

Our property taxes are only on real property, which they define as land and buildings. No crazy annual "personal" property taxes on cars and stuff, like some other states do.....
Thanks for the education. What entity collects the school tax?
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      10-20-2019, 02:41 AM   #5734
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This not picture but a vid of some crazy cross wind landings. If I were a passenger in one of these landings, I probably would have crapped out in my pants.

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      10-20-2019, 09:13 AM   #5735
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Originally Posted by Mason Hatcher View Post
Thanks for the education. What entity collects the school tax?
I'm pretty sure that the town/village/city tax collectors also process school taxes. Each town has their own assessor, and sets their own property valuations. Our school district covers our entire town and parts of two neighboring towns, and there were people from one of those towns at the last school budget vote protesting because their school taxes went up significantly due to their town's recent assessment changes.....
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      10-20-2019, 11:14 AM   #5736
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Quote:
Originally Posted by DETRoadster View Post
Quote:
Originally Posted by Run Silent View Post
#truth
Next to the "charitable giving" write off on your taxes and self reporting tip income, the self-valuation of a used vehicle purchase with the DMV has got to be one of the most exploited things.

DMV - Uh, so you're telling me you purchased a used 2017 BMW M3 for $500?
Owner - Yep! And here's my home-made receipt to prove it!
Taxachusetts RMV makes you pay "book value" no matter what your bill of sale shows

I'm curious, how do other states do it?

Temp tags are not available here but in Florida it's so common on new and used

Used, leased and purchased
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      10-20-2019, 09:25 PM   #5737
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Taxes on private sales are absolutely ABSURD. How governments get away with it is beyond me, it's criminal.
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      10-20-2019, 11:56 PM   #5738
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Quality time, with a dollop of future resentment...
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      10-21-2019, 09:10 AM   #5739
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I was on flight like these, the cross wind was so bad and I was sitting in a window seat behind the wings. I was looking out the window on landing and notice I could see the runway lights and marking and realize the plane was almost sideways on landing, as soon as the landing gear touched down the pilot yanks the front of the plane back to center. I felt like you head was going to be ripped off.


Quote:
Originally Posted by WestRace View Post
This not picture but a vid of some crazy cross wind landings. If I were a passenger in one of these landings, I probably would have crapped out in my pants.


Last edited by Maestro; 10-23-2019 at 10:53 AM..
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      10-21-2019, 11:20 AM   #5740
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Hell, I get random sausage attacks when I go anywhere.

Several actors have played James Bond, Sean Connery IS James Bond...

Fair and objective hearings don't take place in secret.
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      10-21-2019, 09:45 PM   #5741
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      10-21-2019, 10:17 PM   #5742
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