To: Dubya
Buyers will pay taxes based on a state assessment of the value, even if they paid less for the vehicle.Duh, I thought this was already the case everywhere. I discovered how the system works when my father sold me the keys to his old car for $799 and the car for $1. The DOT would not let me get away with paying taxes only on the one dollar cost of the car.
42 posted on
09/26/2006 8:34:40 AM PDT by
JoeGar
To: JoeGar
The DOT would not let me get away with paying taxes only on the one dollar cost of the car. Which kind of makes the point that this is not a new tax. It has been on the books for decades. Only it was a tax on the honest, because everyone else just lied and said the car was a gift, or that they paid $100 for it.
47 posted on
09/26/2006 8:42:43 AM PDT by
Pilsner
To: JoeGar
I discovered how the system works when my father sold me the keys to his old car for $799 and the car for $1.
in MI you are not taxed if you purchase a vehicle from a (approved) relative. and the people who collect the tax are pretty forgiving, if the sale looks reasonable, they'll ok it, if it looks ridiculous they'll assess it.
106 posted on
09/27/2006 6:47:56 AM PDT by
absolootezer0
("My God, why have you forsaken us.. no wait, its the liberals that have forsaken you... my bad")
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