[ARCHIVED THREAD] - Tax question

Posted: 2/14/2008 5:05:41 PM EDT

Hey guys, i know this is alittle off topic, but ill ask anyway. Im lookin at buyin a new truck, anyone have any idea how much id pay in Taxes on the thing, if i were to spend say 15000. and i bought it in NYS. Thanks

Teakyman

Posted: 2/14/2008 5:18:12 PM EDT

[#1]

aren't vehicle taxes the same as the local tax you'd pay for anything else?

Posted: 2/14/2008 6:37:43 PM EDT

[#2]

pay none!,,, the big three are all hurting right now and the sales guys are usually willing to deal, in order to sell right now. Chances are, they'll reduce the mark up, to cover the loses you'll incure in the taxes,,

Also, if you own a small company, have your company buy it and use it as a tax write off,,,

Posted: 2/15/2008 8:19:40 AM EDT

[#3]

i think so, but i remember fro mback in high school my economics teacher was talking about how you cant tax used cars, because they have already been taxed, so it would be a double tax. I dont remember if that was a theory or fact.

Posted: 2/15/2008 8:59:08 AM EDT

[#4]

NYS DMV registration tax info.

Get an acceptable proof of sales tax payment, sales tax exemption, or proof of the purchase price. If you do not get the acceptable proof of payment or exemption, the DMV collects the sales tax from you. The DMV uses the purchase price or the fair market value of the vehicle to calculate the sales tax that you must pay. The DMV determines the fair market value according to tables provided by the NYS Department of Taxation and Finance.

Proof of sales tax payment, sales tax exemption, or purchase price. You must pay the sales tax, prove that it was paid, or prove your exemption at the DMV office when there is a change of ownership, a lease agreement, or a new resident of NYS applies for a NYS registration or title certificate. You must get a sales tax receipt from the DMV even if the transaction is exempt from sales tax.

Hope this helps.

Posted: 2/15/2008 9:05:31 AM EDT

[#5]

Quoted:
buyin a new truck,

say 15000. and i bought it in NYS. Thanks

Teakyman

Just figure 8.25%, so about $1275.

[ARCHIVED THREAD] - Tax question

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[ARCHIVED THREAD] - Tax question

[ARCHIVED THREAD] - Tax question