LEGALLY avoiding sales tax

Yeah, I want to see some pictures of the Lambo and your NSX.

 

Don't hold your breath...

 

Are you telling me he is trying to save the sales tax in order to purchase a digital camera?

 

Same as Louisiana, you pay 4% on the value of it when you move into the state, the way I understand it.

 

The last person I knew that did everything he could to "legally" avoid paying taxes of any sort, wound up in jail. For a very long time. But, everything he did was "legal".

The best way to avoid paying sales tax? Have your butlers buy it for you. Then you don't have to worry about sales tax or anything else.

BTW - butlers are paid.

Guys, If he drives like he talks, he'll have this cute little Diablo, or his NSX, wrapped around a telephone pole in no time.

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Most of us rent a safety deposit box for such items, please don't say you are saving yourself the $60/year for one of those as well.

 

I'll wait...

 

Yeah! Please show us the title. Anybody who lives with their parents and claims to have an NSX AND be in the market for a Lamborghini, is either a moron or a liar. Take your pick.
How do you plan to service this car? I take from your posts you are going to extend yourself in order to purchase it, and pray that nothing goes wrong after the purchase. I have a hard time believing that a person with this kind of reasoning has the intelligence to accumulate the money necessary to purchase a Lamborghini.
Instead of spending your money on a depriciating asset, why dont you buy the GS jet I have for sale. Just dont ask for the tail numbers. Here is a picture of the key.
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I could give two squirts if you have and NSX. Show me your funds for the Diablo and I'll gladly eat crow.
P.S. What is your dads name?

 

Dan, you have completely lost your composure. You are assuming people are jealous of your ability to buy an automobile, but those people may have millions of dollars of assets, you really do not know their financial situation.

I am confused by your priorities and life choices, and I think I summarize that as group we feel your decision making is immature. Now you have proven your immaturity by going on a curse ridden rampage. An attorney once told me only the guilty try to explain away issues that need no comment.

Perhaps you have the funds to purchase a Diablo, it is still a bad business decision. How is your IRA and retirement accounts? Are you fully vested? An exotic car is a toy that should be purchased with money you will never need. It seems as though you are forgoing years of compounded returns of appreciating assets. Certainly your parents are partially to blame, as they seem like they are enablers. I'm sorry to say that a good parent's job is not to be your friend, but rather to teach you proper decision making. I hope that in 35 years you do not look back at this decision and say "if I had only invested that $100,000 in 2006 it would be worth $1,000,000 today".

Please rethink your priorities and consider the future, your future in decades from now, and how you have the opportunity to create a nestegg for life.

 

Don't ever talk to my wife that way. Period.

Go ahead, spend your money and live at home. If you paid attention to what some people were trying to tell you, you'd be well enough off to have your own place and these cars. Maybe some of us are talking from experience and have learned the benefits of investments and compound interest. It's your money, do what you want. Who cares if you're pissing it away. After all, it's just a car.

Youth is definitely wasted on the young.

 

Why collect something you don't own the garage for? (shakes head.)

 

No. I will not STFU. And, I sincerely hope you don't speak to your butlers that way. My butler would bend me over his knee and blister my behind if I ever spoke to him or anyone else that way.

You have over 700 posts on this board. What makes you think you can post a question like the one that started this thread and then NOT get slammed by at least one person on this board? And, trust me, I have not even begun to attack you. If you don't believe me, ask Judge, or anyone else on this board who knows me or my posts (few as they may be). Judge has gotten the full effect, though; tone of voice, hand gestures, volume, etc.

You come off sounding like a spoiled, self-centered, jerk. Remember, all I have to go on are YOUR COMMENTS. You can self-deprecate as much as you want. It isn't helping your case.

Paying taxes is one of the obligations we have as American citizens. And, you're asking how to get out of it? That's responsible and mature? The government (whether you agree with it or not) actually uses some of the funds it collects for some pretty decent purposes. And, some of those purposes are to keep you safe. You want to cheat them out of a few bucks? Go for it. But, ask yourself what you might be losing in the bargain.

Everything I have right now was paid for with cash (including taxes, title, tags, whatever) and no loans. I have lived debt free and unsupported by my butlers for 15 years. Not once have I ever asked how to get out of paying for something or not paying what was expected or part of the package.

Others have told you how to invest your money and save it for your Diablo (which WILL be expensive long after the original drive off the lot). Some other things you might want to invest in:

A book on grammar. Quite a few of us could use one (or more) of these. The so called "right kind of woman" loves a well-spoken man. You've proven that you can think straight (also a plus). Clear and concise articulation can just knock 'em dead (man or woman).

A dictionary (or spell-checker). Oh, don't even get me started. Suffice it to say, you can have a genius IQ, but if you can't spell you'll look as dumb as the rest of us.

Don't get so defensive. Again, 700+ posts. You had to know this was coming. This was easier to see than a forest. On fire.

And, remember, to save face, keep lower half shut.

^^^You're a smart kid, you figure it out.^^^


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Wow... How did this thread turn into a slamfest...?!? The guy wants to buy a car... Where did the doubt come from that he doesn't have the funds or that he doesn't already own an NSX...?

 

STFU??!! I don't think so.
Eat crow? I've eaten worse.
Dan, you really should review your posts in this thread. You come across as a disrespectful, immature, self-centered soul who rationalizes away any counsel that doesn't suit your 'priorities'.
It has been suggested you learn some grammer, punctuation, and spelling. I couldn't agree more. At the very least, Quartermaster is a noun, and should be treated as such.
Finally, you will get no apology from me--or anyone else, I imagine. On the contrary, you should be thanking us for trying to save you from yourself.

 

Son, dont start something you cant finish. The day I am jealous of some punk kid still sucking from mamas teat is the day I stop living. Is that why you want a Lamborghini? To make people jealous? I can buy a Lamborghini and I can pay cash for it, as well as afford the maintenence, and upkeep. Hell, I even have a garage to keep it in, and it doesnt belong to my butler. However, I am still in my prime earning years, as are you, and refuse to have that much money tied up in a depriciating asset when I can have that money working for me. I have a few special interest vehicles that are appriciating in value, and have a ton of sentimental value. Take the board's advice and use your money to get an education. You obviously need one, and will thank us all later.

 

Are we all back in school? Spelling, etc????? Lighten up guys, this is the internet. Sometimes I use spell check, sometimes not, and just about anyone can tell when. Not a big deal. To those that are so anal, that they can't understand what's being said without spell check, I suggest they copy the text, and run it through their own spell check.

If the moron wants a car more than a house, that's fine by me, he's got the right to be foolish.

Art

 

I haven't checked this thread in a while, but it is sad to see it has deteriorated into this. Couple of points to remember:

1. No personal attacks - we're all welcome to disagree with Dan and his approach as vociferously as we want, but lets refrain from making personal attacks, such as calling him a "moron."

2. Dan, in the same vein, please stop responding with equally bad language. "STFU," "diicks," "beotch," "F*CK you" are all NOT permitted on FChat.

Just because we have kids on the site doesn't mean we act like them. If you want to continue to debate this like adults, by all means go ahead. Post #65 by southerncharm and post #69 by SpiceGlider are good examples of respectful responses that still get their point across.

Further violations of these rules will start resulting in bans.

Thanks for your understanding.

 

Leave aside Dan's priorities, his financial planning (or lack thereof) and his decision to live at home. He posed a question about 'legally avoiding' tax liability. In my estimation, the ability to claim residence in a tax advantageous state is completely defeated by your admitted objective to avoid the tax you would otherwise be liable to pay. In other words, the very existence of this thread could be used as evidence that your intentions in establishing another residence were purely in the nature of a sham, and for that reason, any legitimate basis to avoid paying certain taxes in that other state would likely be denied to you.
I am in no way suggesting that I would drop the dime on you, but I think you would have been smarter to ask a tax accountant/lawyer than post any query regarding tax avoidance on a public website.
Live, and learn.