Porsche Tax

[vas930]

I saw a new 991 S in the showroom in Melbourne(australia) for $302k.
Our dollar is about the same as the US.
Now thats a Porsche tax.

[GH85Carrera]

Originally Posted by vas930

I saw a new 991 S in the showroom in Melbourne(australia) for $302k.
Our dollar is about the same as the US.
Now thats a Porsche tax.

Wow, to add a tax of double the cost of the item is insane.

[vas930]

Originally Posted by GH85Carrera

Wow, to add a tax of double the cost of the item is insane.

Thats how they prop up the Australian car industry.
In five years that car will sell for around $120k.
Its a joke.

[RWebb]

Originally Posted by Tervuren

I think a "property/wealth/ownership tax" erodes ownership. You shouldn't have to make payments on stuff you own IMO, that is some what like working the land as serfs. I feel the same way about about current property tax on houses and cars. ...

interesting - maybe a good public policy argument; but... what about the unfairness?

I guess taxing income tends to promote less work too...

[WolfeMacleod]

While you all are arguing about tax or no tax, I'm busy looking at the properties for sale that were mentioned in the article.. and their values..



Holy cow!

[look 171]

Originally Posted by RWebb

you pay a Porsche Tax every time you pay someone else to work on it and every time a contractor comes over to work on your house and sees it

If the damn contractor is a Porsche owner, then he hits you not twice, but three times as hard?

[Noah930]

Originally Posted by aigel

Both!

It isn't terribly much on my 993. Under $100 IIRC. They mark it down quite considerably on older vehicles, independent of their new price.

Wow, I don't see how your annual DMV bill is so little. My '87 930 will cost me $172 this year. My wife's '05 Acura TL, in comparison, is $131. Even my two 19 year-old Ducatis run me over $100 each.

[look 171]

My 88 930 is only $89. It was just paid two days ago. I wonder why yours is so high? Our 07 Sienna is about 300 dollars.

[Noah930]

Registration fee: $69
License fee: $93
County/district fees: $10

Total: $172

[look 171]

I have never look at those things. I just know I had to write a check for 89 bucks. I think it was a deal.

[Esel Mann]

We had that annual city levied excise tax on vehicles when we lived up in MA.

Down here in fLA, there is also an annual tangible personal property tax which is levied on businesses and property owners who lease/rent. Years ago there was also an intangibles tax (a tax on investments). That one was dropped sometime around late '90s if I recall.

As far as the question of fairness, I see two unfair aspects with property based taxes.

The first is how to fairly assess the value of the property and ensure that it is universally applied. If you take a look at how real estate taxes are assessed you will see the problem. For example here in fLA, take 2 identical houses which are of the same location and same value. Both are paying the same real estate taxes. One of the two is suddenly sold. Upon completion of the sale, the house is re-assessed. That is to say a new value is placed on the sold house and from which property taxes are calculated. That new property tax levied will no longer be the same as before. So despite two houses of the same value, each owner is now paying a different amount in taxes!!!

The second is how to ensure taxation with fair representation. The more divisive we make our methods of taxation, the less representation a tax payer receives and so it becomes a taxation without adequate representation scenario. Well recall how that turned out some time ago. If you look at our current political landscape you will see this taking place right now. For example part of our woes is entitlements which do not align with revenues. Which side is getting better representation, the entitlement receiver or the tax payer? Notice how our representatives will not touch entitlements but are more than happy to either punt the liability or raise taxes to support the entitlements.


That being said, such a taxation could potentially be set up to address these shortcomings. Sadly it isn't being done.

[aigel]

Originally Posted by Noah930

Wow, I don't see how your annual DMV bill is so little. My '87 930 will cost me $172 this year. My wife's '05 Acura TL, in comparison, is $131. Even my two 19 year-old Ducatis run me over $100 each.

I only counted the reg fee which goes with the value of the car. The other fees are the same independent of the vehicle. My total is between 150-200 as well.

G

[Noah930]

Fair enough. I counted the whole bit, as just paying the registration fee and not the rest doesn't cut it with the DMV. As Esel Mann noted, MA has an excise tax (in addition to annual registration) that acts in a similar fashion. Call it what you will, but if you don't pay (the whole bill), you don't play.

[Drisump]

So you pay taxes on the original purchase, pay taxes per year (in addition to user fees) to simply own it and ( and if you were to sell the car for more than original purchase price) pay taxes on capital gains....? Yeesh....I'm sure the Canadian GUV is looking seriously at this one, what a licence to print money. Really though, I wonder if the administration of such a complicated tax even pays for itself...I guess the GUV may have to increase the tax rate to cover that...LOL

[KNS]

You guys are in the wrong state, last year I paid $66.00 dollars (total) for five years on my '84 Carrera, doesn't come up again for registration until 2016.

[Andy911sc]

In PA, I paid an initial tax when I bought the car - 6% of purchase price and I only pay $36 every year to renew the registration. Got to love a commonwealth, townships and boroughs can tell the state to go pound sand whenever the state does something that the little guy doesn't like.

[aigel]

Originally Posted by Drisump

So you pay taxes on the original purchase, pay taxes per year (in addition to user fees) to simply own it and ( and if you were to sell the car for more than original purchase price) pay taxes on capital gains....?

No, you are not taxed on the sale as a seller. However, the buyer is taxed when he registers the car even if is bought in a private sale.

It is simple - all things you own that can be easily tracked are usually taxed. Of course there is also that pesky thing with the infrastructure that we need to support somehow. A car needs to be driven on a road and a house needs to be at an end of a street with utilities and sewage connected. A diamond is neither traceable easily but also doesn't need that infrastructure.

I am actually okay with CA's registration fee model if it stays at its current level, except for the sales tax on a private sale.

G

[nota]

Originally Posted by Esel Mann

We had that annual city levied excise tax on vehicles when we lived up in MA.

Down here in fLA, there is also an annual tangible personal property tax which is levied on businesses and property owners who lease/rent. Years ago there was also an intangibles tax (a tax on investments). That one was dropped sometime around late '90s if I recall.

As far as the question of fairness, I see two unfair aspects with property based taxes.

The first is how to fairly assess the value of the property and ensure that it is universally applied. If you take a look at how real estate taxes are assessed you will see the problem. For example here in fLA, take 2 identical houses which are of the same location and same value. Both are paying the same real estate taxes. One of the two is suddenly sold. Upon completion of the sale, the house is re-assessed. That is to say a new value is placed on the sold house and from which property taxes are calculated. That new property tax levied will no longer be the same as before. So despite two houses of the same value, each owner is now paying a different amount in taxes!!!

The second is how to ensure taxation with fair representation. The more divisive we make our methods of taxation, the less representation a tax payer receives and so it becomes a taxation without adequate representation scenario. Well recall how that turned out some time ago. If you look at our current political landscape you will see this taking place right now. For example part of our woes is entitlements which do not align with revenues. Which side is getting better representation, the entitlement receiver or the tax payer? Notice how our representatives will not touch entitlements but are more than happy to either punt the liability or raise taxes to support the entitlements.


That being said, such a taxation could potentially be set up to address these shortcomings. Sadly it isn't being done.

aka snowbird tax
let the new buyers pay more
let the people who lived there for years pay less
as they have been supporting the comunity for all those years
the new buyers have NOT

want to totally freak out the tax accessor
sugest they walk down the hall to the mortgage records
and access all comercial propertys at the amounts of the mortgage
ALL THE MORTGAGES NOT JUST THE FIRST !!!!!!!!

I favor a wealth tax on every last thing a person owns
let the rich pay their fair share not dodge the tax like R-money does
or a CORP CHURCH OR TRUST OR ANY OTHER TAX DODGE

[vas930]

Rego for my 79 930 is around $700 per year.
You guys have it so good.

[GH85Carrera]

Wow, that makes my 21 dollar per year registration sound good.