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Topic: New $$$ generating idea from NY senator

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New $$$ generating idea from NY senator (1/6)
 4/5/11 9:20am
pski88
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Buffalo, NY - USA

Vette(s):
1988 coupe all original 21,000 miles


Joined: 6/25/2010
Posts: 125

good thing I'm "rich" according to Sen.Schumer....
 


______________
....Jeff
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New $$$ generating idea from NY senator (2/6)
 4/5/11 11:55am
bobarino625
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Bensalem, PA - USA

Vette(s):
1986 Silver Beige


Joined: 5/29/2010
Posts: 39

Thanks for the heads up! What an ahole! Instead of finding things to tax they need to cut wasteful spending!  We should have a tax on stupidity. We could make a fortune from Sen Schumer.
New $$$ generating idea from NY senator (3/6)
 4/5/11 10:32pm
Trooper
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Hermitage, TN - USA

Vette(s):
1990 C-4 Coupe Polo Green Saddle Interior L-98


Joined: 8/8/2010
Posts: 280

I can't imagine that bill having a snowball's chance in Hades of getting passed, There are enough "Collector Car" owners sitting in the house and the senate alone to defeat that.

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Allan Brenneis Nashville Tn. 1990 Polo Green Coupe Saddle Interior Chrome ZR-1 Rims https://www.c4vetteregistry.com/member_uploads/14501_14600/14572/image2014329104347r.jpg

New $$$ generating idea from NY senator (4/6)
 4/5/11 10:48pm
Clive
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Vette(s):
I have a 1996 Collector Edition coupe with the 6 speed/LT4 engine. Looks and runs like new. 203 coupes were exported to Canada for 1996 and of those, only 83 of them had the Z15 option.


Joined: 2/17/2010
Posts: 41

Special interest cars are now taxed according to value here in Ontario now. The province finally awoke to realize that many special/collector cars are worth a fortune. Let's say a '54 Corvette for instance. At one time the value to the province was zero but now you have to pay the tax on the car's value. If you buy it for $1000.00 you have to be prepared to prove why the figure was so low instead of the average value. If they think it's too low, the car has to be appraised and you pay on the appraised value.
 
True, they were losing out on some pretty substantial dollar values but what a cash grab scheme. The car was taxed new and now at every resale thereafter unless it's between specific direct family members.
 
Gone are the days of a rare car "selling" for a mere pittance instead of the true value to beat the taxman.
New $$$ generating idea from NY senator (5/6)
 4/6/11 5:46pm
pski88
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Buffalo, NY - USA

Vette(s):
1988 coupe all original 21,000 miles


Joined: 6/25/2010
Posts: 125

turns out it was an "Apil fools" joke......a bit early if you check the date on the paper....sorry guysOuch

______________
....Jeff
New $$$ generating idea from NY senator (6/6)
 4/6/11 11:55pm
Clive
Standard Member
Send Private Message


Vette(s):
I have a 1996 Collector Edition coupe with the 6 speed/LT4 engine. Looks and runs like new. 203 coupes were exported to Canada for 1996 and of those, only 83 of them had the Z15 option.


Joined: 2/17/2010
Posts: 41

Well, it's no joke here in Ontario. At least we don't have to have them taken in and emission tested every 2 years or get a safety inspection. I bet that one will be coming sometime in the future because I can buy a new car, drive it for 20 plus years and never have it inspected to see if it's fit for the road unless I sell it.
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