DubbsFaris Posted August 24, 2010 Report Share Posted August 24, 2010 I never even thought to ask, but on 34K, whats the tax rate on these GT350 packages? Seems like it would have crossed my mind before now... Link to comment Share on other sites More sharing options...
08SC0023 Posted August 25, 2010 Report Share Posted August 25, 2010 The current Clark County NV sales tax rate is 8.1%, you're probably looking at about $2K. Mine was around $1600 for a $20K package. Damn, I just did the math. $2700+! Link to comment Share on other sites More sharing options...
DubbsFaris Posted August 25, 2010 Author Report Share Posted August 25, 2010 never said + tax on the brochure... Link to comment Share on other sites More sharing options...
swa737 Posted August 25, 2010 Report Share Posted August 25, 2010 I asked this question after the unveiling and was told by Steve that there is NO TAX for non NV residents!!! :happy feet: Link to comment Share on other sites More sharing options...
jmn444 Posted August 25, 2010 Report Share Posted August 25, 2010 I don't know NV laws in particular, but generally, if they are shipping the car to you, there shouldn't be any tax, BUT technically, the state you are in would be entitled to "use tax" that is generally reported on your state income tax forms.... most people skip that part, but on the off chance you get audited, and they stumble across that payment, you would/could owe use tax plus penalties and interest... IF you take delivery in vegas, they should charge you sales tax. I think the real key is who arranges the shipping to get the car to you after conversion. Link to comment Share on other sites More sharing options...
jmn444 Posted August 25, 2010 Report Share Posted August 25, 2010 I'm sure everybody here reports/pays use tax on all the internet/mail order purchases, right??? Link to comment Share on other sites More sharing options...
jmn444 Posted August 25, 2010 Report Share Posted August 25, 2010 A little more post whoring... In my experience, trucking companies get a little extra attention from state auditors to determine where deliveries are being made to, not sure if auto transporters get that same attention since plating the car generally captures the tax revenue, but there MIGHT be some higher exposure depending on how that industry is looked at by the state... Link to comment Share on other sites More sharing options...
hotrodric Posted August 25, 2010 Report Share Posted August 25, 2010 I asked this question after the unveiling and was told by Steve that there is NO TAX for non NV residents!!! :happy feet: We were charged sales tax on the SS upfits, I don't see why the GT350 would be different Link to comment Share on other sites More sharing options...
DubbsFaris Posted August 25, 2010 Author Report Share Posted August 25, 2010 sheesh...here we go again...guess I better just go straight to the source for an answer unless I want to guess.... Link to comment Share on other sites More sharing options...
swa737 Posted August 25, 2010 Report Share Posted August 25, 2010 We were charged sales tax on the SS upfits, I don't see why the GT350 would be different Steve did mention this, but said they did whatever they had to do so they didn't have to charge sales tax. Past tax money on previous kits he said was gone and that the state had it, but no more sales tax for out of state folks. They won't charge tax for out of state people...that's what I know. Enjoy... Link to comment Share on other sites More sharing options...
MMcGuirk Posted August 25, 2010 Report Share Posted August 25, 2010 Steve did mention this, but said they did whatever they had to do so they didn't have to charge sales tax. Past tax money on previous kits he said was gone and that the state had it, but no more sales tax for out of state folks. They won't charge tax for out of state people...that's what I know. Enjoy... Good answer. OK, this is a public forum, let's drop this in case big brother is watching Link to comment Share on other sites More sharing options...
springer Posted August 25, 2010 Report Share Posted August 25, 2010 There is no income tax in Texas. Dubbs, you should be good to go. I never paid Nevada sales tax on my conversion and you shouldn't either being you're from the Lone Star. Link to comment Share on other sites More sharing options...
08SC0023 Posted August 25, 2010 Report Share Posted August 25, 2010 Kinda forgot, I live in NV now. When I lived in CA, I bought a truck from a NV dealer and wasn't charged sales tax until I registered it in CA. Rude awakening, since it wasn't expected, and not included in my financing. What's that they say about death and taxes... Link to comment Share on other sites More sharing options...
jmn444 Posted August 25, 2010 Report Share Posted August 25, 2010 There is no income tax in Texas. Dubbs, you should be good to go. I never paid Nevada sales tax on my conversion and you shouldn't either being you're from the Lone Star. It's not an income tax issue, states only add the capability to pay the tax on the income tax form for convenience and probably to hope that the taxpayer notices the line item and becomes aware of it too... Link to comment Share on other sites More sharing options...
DubbsFaris Posted August 25, 2010 Author Report Share Posted August 25, 2010 On a side note, Are you guys saying that ALL of my internet purchases that dont get charged tax on, Im supposed to pay anyway on my side? Gosh, how would I even do that? Surely 99% of the general public is unaware of this. I took tax law in law school, but I dont recall covering any of that. (I will admit I played a lot of solitaire through most of that class) Link to comment Share on other sites More sharing options...
jmn444 Posted August 25, 2010 Report Share Posted August 25, 2010 texas code use tax form The laws for interstate sales were designed way before the internet and were designed to prevent undue burden on businesses, but it's become a huge loophole in the system.... someday it will be gone because as you said, most people don't even know about it, and the few that do, don't pay it anyway... it may not disappear in the current form, but other taxes will continue to rise to fill the gap it's leaving when people continue to purchase more and more over the net... Link to comment Share on other sites More sharing options...
doc scott Posted August 25, 2010 Report Share Posted August 25, 2010 Warren pays cash for everything......no paper trail Doc scott Link to comment Share on other sites More sharing options...
DubbsFaris Posted August 25, 2010 Author Report Share Posted August 25, 2010 Thats true, this will be a cash purchase....and Im gonna write it off as a gambling loss...a plane trip to vegas right after I take all that cash out of the bank? Link to comment Share on other sites More sharing options...
jmn444 Posted August 25, 2010 Report Share Posted August 25, 2010 LOL, that's tax planning right there! Link to comment Share on other sites More sharing options...
check6 Posted August 25, 2010 Report Share Posted August 25, 2010 Steve did mention this, but said they did whatever they had to do so they didn't have to charge sales tax. Past tax money on previous kits he said was gone and that the state had it, but no more sales tax for out of state folks. They won't charge tax for out of state people...that's what I know. Enjoy... Well, here's one out of state folk, who had to pay NV sales tax. But, I picked up my car after the conversion from them in Vegas...dang I want my money back! Oh, the amount was on the total package cost and not for just the parts. That's different than my home state where they only tax parts and do not tax labor...oh well Link to comment Share on other sites More sharing options...
jmn444 Posted August 25, 2010 Report Share Posted August 25, 2010 In most states, they would have had to break out the labor portion separately to exclude it from tax, and I'm guessing they don't want to do that from a marketing perspective. This certainly could make people re-think museum delivery as an option! Link to comment Share on other sites More sharing options...
MY500SS Posted August 25, 2010 Report Share Posted August 25, 2010 Yep, paid tax for both the SS and 40th......so leave me alone Mr. Taxman. I've paid MORE than my fair share. Link to comment Share on other sites More sharing options...
twobjshelbys Posted August 25, 2010 Report Share Posted August 25, 2010 Are you guys saying that ALL of my internet purchases that dont get charged tax on, Im supposed to pay anyway on my side? Gosh, how would I even do that? Yep, if you buy something and don't pay sales tax, you are supposed to roll all those purchases up and at the end of the year submit that money. I'm pretty sure there is a place for it on the Colorado income tax . That is why there has been a push from the states to enforce sales tax collection for all purchases no matter where on the internet. If company-x is based in Nebraska, for example, an I'm in Colorado and buy something, Company-x would be forced to collect sales tax for Colorado (and to acquire a business and sales tax license, and to remit those taxes to the state). The bookkeeping overhead is immense and has been the argument against. Nonetheless, Colorado implemented this law and some Amazon.com vendors withdrew because of it. I'm still getting Amazon.com purchases with no sales tax collected. Automobile and other large purchases (like boats and planes) are easy to subject to residence tax collection because you have to get the license. In most places if you pay tax in (to use the above example) Nebraska, your home state (Colorado) will give you a credit and only collect that part that is in excess (but theey won't refund if more). When I bought my SGTs and Cobra (all in Arizona) I could have paid tax there but instead deferred to Colorado. I figured I'd just as well keep the money home. Link to comment Share on other sites More sharing options...
twobjshelbys Posted August 25, 2010 Report Share Posted August 25, 2010 .and Im gonna write it off as a gambling loss... Let us know how that works out. You can only deduct losses up to winnings, and to trip that amount the winnings will be accompanied by a 1099. In fact, casinos are now required to give you (upon request) an itemized statement of winnings and losses which is easy to do if you use a players card. Link to comment Share on other sites More sharing options...
RogerS Posted August 28, 2010 Report Share Posted August 28, 2010 We do not collect tax unless you are a resident of Nevada. The owner is responsible for reporting the sale in their home state. Roger Link to comment Share on other sites More sharing options...
Shelbyite Posted August 28, 2010 Report Share Posted August 28, 2010 We do not collect tax unless you are a resident of Nevada. The owner is responsible for reporting the sale in their home state. Roger Link to comment Share on other sites More sharing options...
Shelbyite Posted August 28, 2010 Report Share Posted August 28, 2010 Roger, since tax is not being cherged on the gt350 conversion,who do the supersnake conversion owners call on monday about getting the tax they paid to SA on there conversions returned to them since you now are saying there is no sales tax. If there is no sales tax on the gt350 conversion, there NEVER should have been any tax collected on the supersnake conversions etc HR Block and others await your answer Link to comment Share on other sites More sharing options...
Shelbyite Posted August 28, 2010 Report Share Posted August 28, 2010 I never even thought to ask, but on 34K, whats the tax rate on these GT350 packages? Seems like it would have crossed my mind before now... Not to be a smart ass, but what does the contract you signed with SA say about tax etc when you gave them the gt350 deposit? Link to comment Share on other sites More sharing options...
jmn444 Posted August 28, 2010 Report Share Posted August 28, 2010 If you pick up your car/parts in vegas, you SHOULD be paying, and SA SHOULD be collecting sales tax. The only exclusion for out of state people is if the purchase is shipped via common carrier to you. Link to comment Share on other sites More sharing options...
check6 Posted August 29, 2010 Report Share Posted August 29, 2010 If you pick up your car/parts in vegas, you SHOULD be paying, and SA SHOULD be collecting sales tax. The only exclusion for out of state people is if the purchase is shipped via common carrier to you. True...but We do not collect tax unless you are a resident of Nevada. The owner is responsible for reporting the sale in their home state. Roger I had to pay! Roger, since tax is not being cherged on the gt350 conversion,who do the supersnake conversion owners call on monday about getting the tax they paid to SA on there conversions returned to them since you now are saying there is no sales tax. If there is no sales tax on the gt350 conversion, there NEVER should have been any tax collected on the supersnake conversions etc HR Block and others await your answer This should be good Link to comment Share on other sites More sharing options...
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