Skip to comments.Exotic Cars and Montana Plates
Posted on 02/23/2013 9:48:59 AM PST by nascarnation
In its simplest form, an exotic car with a Montana plates is an immense tax dodge. Being the Wild West, you see, Montana levies no sales tax. Instead, its government chooses to operate under the unique we dont need no stinkin money principle, which possibly explains why they went without speed limits for several years: they couldnt afford the signs.
In my home state of Georgia, the Veyrons $1.7 million MSRP would be taxed at seven percent, which comes out to $119,000. For a license plate.
Anyway, if you lived in Montana, the same Veyron would cost virtually nothing to register. Yes, maybe $200 for some fee or other, and of course the requisite $30 for the special plate that no one notices. But aside from that, nothing. Youve just saved $118,770.
(Excerpt) Read more at thetruthaboutcars.com ...
A Nevada resident can buy a car in sales-tax-free Oregon, and then register it in state, without paying any sales tax.
The annual registration fee in California on the new Bugatti is over $400K per year.
I imagine that one could buy a small summer cottage in Montana for less than $119K and have the car be completely legal.
Just curious, how much for a 15 yr old beater?
Montana has a relatively high Income Tax rate starting at a low income level.
Stunningly high by my reckoning: 6.9% on income > 15 grand
they pay you.love them beaters,got one
There's also an implicit "Mountain Tax" that keeps wages and salaries low.
Yes and relatively high property taxes and other "user" fees to compensate for the lack of sales tax.
Montana's screwy taxes on "custom" automobiles and "classic" automobiles are beyond my pay grade. There may be some kind of dodge there.
But I do know that I just wrote a check for $400 to renew the tags on my four-year-old pickup. When it was brand-new the fee was well over $500.
A relative of mine in Idaho, by comparison, just registered his brand-new AWD Fusion for $56. Of course he had to pay Idaho's six-plus-percent sales tax...then again, he only has to pay the sales tax once.
Still and all the absence of a sales tax, regressive though it is, seems preferable to me. When you pay (non-withholding) taxes in Montana you have to write out a check: it keeps the tax-grab right in front of you.
We,too,have a hotline here that one can use to report "tax cheats" but I'd wager that few people use it.
I bet John Kerry is kicking himself that he didn’t figure out how to buy and dock his yacht in Montana.
Some enterprising Montanan should buy an acre of Montana land, break it up into postage sized parcels, then sell one of the postage sized parcels for a nominal amount; plus obtain a Montana post office box. The purchaser of such a parcel and box by visiting the parcel from time to time and picking up his junk mail could then claim Montana citizenship and register his car. Anything to deny the blood suckers their precious dollars with which to buy votes.
Most states seem to have a 6 month rule to determine which of two states got the residency, but what if one has property and lives in three states?
What about folks who live overseas? What state should they pay income taxes to? What about US citizens who live in one of the territories?
And Montana has some pretty cool plates, I bet they have more variations and specialized plates than anywhere. It seems I almost never see two Montana plates that are alike.
I'm just pointing this out...would not want to give anyone a reason to move here..its to cold, no jobs, and packed to the gills with out of staters.
A friend of mine bought a place in Oregon and moved up there. He came back to California to work on his house to fix it up for sale. He got stopped and ended up having to reregister in California. This was back in the eighties.
You are so right.
A hateful place to live!
(I do gotta admit Max & Tester are a pair to draw to though...sheesh)
States argue about that very issue all the time.They argue with other states as well as with individual taxpayers.If you listen to Rush regularly you'll recall that he mentions from time to time that he gets audited by the State of New York every year and that that audit is very complicated and intense.This is despite the fact that he hasn't lived *or* worked in the state for years.I'm sure that their backup plan was to put a lien on his Manhattan apartment which,IIRC,he only sold a year or two ago.When you have nothing that a state can seize (a business or a residence) I don't see how they can enforce a tax decision...although I could be wrong.
Most states want to see their state's plate on a vehicle that runs around town for more than a few weeks with the owner hanging out there for months at a time.
Someone was selling 1 square inch lots somewhere. Deeded, taxed, and all. Amusing story, look it up.
They can make going there difficult, on the presumption you will at some point.
We got a mundane speeding ticket (56 in a 45, normal traffic pattern there) in NY after moving out. State demanded $500 beyond the ~$125 ticket, threatening arrest if ever caught driving there if not paid.
They pay tax in whatever state they are registered in. If they are registered in no state they pay no state income tax but few people want to go through the bother to do that. Nearly everyone comes back stateside every now and then and you generally have some sort of home base.
Of course you are not going to pay much in state income tax because you (a) don't live there and (b) usually don't get paid out of there.
What about US citizens who live in one of the territories?
That depends but usually they just pay whatever tax they pay in the territory they live in.
Curiously, the registration fee for that car in New York (which charges by vehicle curb weight) would be $73.50 (4,162 lbs) (although the sales tax on it would kill you). When I was active duty Navy I would order my cars from the sales rep at the Exchange in Sasebo or Subic, take delivery in Reno, drive it to San Diego and send the registration to NY. No sales tax and total cost was around $50. The first time I registered my cars in CA as a civilian I was astounded at how expensive it was.
" And so began the Great Klondike Big Inch land Caper, one of the most successful sales promotions in North American business history.
For long after all the rocket rings and plastic submarines arid other cereal-box prizes were lost, millions of those official-looking, legal-sounding, gold-embossed deeds to a square inch of Yukon land remained in drawers, albums, safe deposit boxes, scrapbooks, vaults and, more importantly, in the memory of a generation of men and women not so young anymore.
And given the ravages of the years and the current uncertain economic times, a steadily mounting stream of these former children, their attorneys, their widows and their executors are writing to inquire after their property, which they assume has increased in value over all these years.
But, alas, the replies carry sad news. Not only do these people not own the land now. They never did, because each individual deed was never formally registered. The Klondike Big Inch Land Co., an Illinois subsidiary established to handle the cereals land affairs, has gone out of business. And anyway, the Canadian government repossessed all the land back in 1965 for nonpayment of $37.20 in property taxes."
Not to speak of the People's Republics like Missoula, Bozeman, Butte and Helena.
From looking into finding a "compound" there, it's amazing how controlling the State is (through water rights adjudication and all sorts of land use tracking, etc.) along with very restrictive zoning ordinances/districts in some counties.
I laugh when I hear vacationers claiming that they are going back to "civilization" when they are headed to the airport after their ski vacation.
Civil control of the peeps in MT is often right up there with many lib majority States.
What a coincidence. I just was following a Lotus with Montana plates just two days ago. I wondered whether that was a bit of an incongruity.
Just what ruined northern New England. The Beautiful People from Boston and New York screwed up where they were from too the point where that place was unlivable and then they move to someplace not screwed up and proceed screwing everyone.
Because the gov't political power comes out of the end (i.e. confiscation) of your barrel.
Ted Turner owns a lot of Montana.
The Feds and the State own quite a bit too.
The NH motto “Live Free or Die” needs to be changed to “Tax and Spend like MA”.
Of course we could fence off a bit of one of the more remote states and drop in any commielibs we find so they can form Utopia there without contaminating the rest of the country.
Kind of like a combination of the Minutemen and Escape From New York
I think it'd be better to just wall them off in their 'rat infested urban hellholes.
Too late, I'm a pseudo homeless bum, just one step in front of the local popos from being bussed to live on the streets of Butte. ;-)
I thought of that but I just think it would be more fun to see what they'd do without any form of government infrastructure. Just drop them in to a remote location without WiFi or a Starbucks and whatever happens happens.
You drop me a line if you get over east of Bozeman.
I’ll spring for a nice lunch.
Went to renew my FL drivers license this week. Turns out I can't, because I'm on some national registry because VA suspended my license. Shortly after moving from VA to FL (over a decade ago), I transferred my insurance, license, and title to FL. When VA was alerted that I had dropped my VA insurance policy, they cited me for not having insurance on a vehicle (that was not registered in VA) and suspended my VA drivers license (which I had given up months earlier). They made the mistake, but I have to pay for it (if I want a drivers license).
Sorry but at 15 she's not legal dude.........
Isn’t there a US gov’t issued DL?
I have a few Historical Plates - they start at 25 - how great is that?
Uh, no, you can’t.
I couldn’t even buy farm equipment out of state, which has no registration or licensing, without paying sales/use tax in Nevada. You’ll get away with it... for at most a year. Then the assessor comes out to your operation, looks at the list of equipment you’ve declared and what he sees on your outfit, and you get to explain the difference. The best you can get away with is claiming you’re renting the equipment and you don’t own it.
When you go to register a car you bought out of state in Nevada, you’ll get nicked for the tax unless things have changed since I left 2007... which I rather doubt.
Butte is about the coldest place in MT to live this time of year..I'd chose almost anyplace else but Butte for a one way bus ticket
Apparently Bozeman has a history of insisting.
I took the Dog to Billings to catch a cheaper flight (though I had to sleep overnight at the a/p) but the fellow travelers were a little bit sketchy.
Montana in the winter is a tough place to be if you are down on your luck..If you are a vet contact the VA at Fort Harrison in Helena