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How does sales tax work?

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  #11  
Old 01-09-2011 | 05:04 PM
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If you want current legal tags, you will pay sales, use, or personal property tax (or a combination) depending on what the laws in your state are. In WA we pay sales tax at time of titling, but our tags are low ($35 plus transfer fees).
 
  #12  
Old 01-09-2011 | 05:08 PM
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here in canada its simple you buy something the goverment adds 16% of the value tot the price and the seller remits that 16% to them, in the case of vehicles private sales the 16% is collected by the dmv Based on the blue book value of thw vehicle, dealer sales the dealer collects the taxes at time of sale and remits it to the DMV for you, also that 16% is also added to any services rendered as well as goods sold
 
  #13  
Old 01-09-2011 | 05:13 PM
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When you register it, you will either pay sales tax on sale price or black book value depending on the discrepancy between the two.
 
  #14  
Old 01-09-2011 | 05:38 PM
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Originally Posted by poisond 08 fatbob
"how does sales tax work?"
in america you bust your *** to get it, the goverment takes it and gives it to those who don't like to work. It's a little more complexed but that's the basics of it all.
this!!!
 
  #15  
Old 01-09-2011 | 05:38 PM
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Originally Posted by tarheelbagger1964
When you register it, you will either pay sales tax on sale price or black book value depending on the discrepancy between the two.
Sales tax on what you actually paid. Buy from a private individual, no sales tax.

Excise tax according to their book at the BMV.
 
  #16  
Old 01-09-2011 | 06:41 PM
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Originally Posted by Good Time Gang
you have to pay sales tax in the state that you register it.
This is how it worked when I bought mine.
 
  #17  
Old 01-09-2011 | 08:33 PM
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Originally Posted by NSCoyote
here in canada its simple you buy something the goverment adds 16% of the value tot the price and the seller remits that 16% to them, in the case of vehicles private sales the 16% is collected by the dmv Based on the blue book value of thw vehicle, dealer sales the dealer collects the taxes at time of sale and remits it to the DMV for you, also that 16% is also added to any services rendered as well as goods sold
16%??? Damn, I thought 6% in Texas was bad.
 
  #18  
Old 01-09-2011 | 11:23 PM
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Just bought a bike out of state and when I registered it I was pleasantly surprised. Only state sales tax, but no city and/or county sales tax. Saved a few hunirt.

Bwana
 
  #19  
Old 01-10-2011 | 12:09 AM
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Originally Posted by kamut
I know this is kinda basic, but I can't quite figure this out:

I live in New Mexico. If I buy a bike off ebay from a dealer in another state, I don't have to add sales tax to the price of that sale.

If I physically travel to a neighboring state, like TX or AZ, and buy the bike from a dealer, do I have to add sales tax to the price?
I can't understand how someone can buy a bike off Ebay--when I buy a vehicle, ESPECIALLY a bike, it takes me about 2 hours of real close scrutiny,checking oil, pulling plugs,checking fasteners,compression,charge check,makeing sure everything works,test ride, etc. before I plunk down money.
 
  #20  
Old 01-10-2011 | 08:34 AM
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This may be comparing apples to oranges(state to state)but when I bought my new bike in Nevada,I had to pay the estimated Ca. sales tax(for my county)at time of purchase.Then I had to pay the Ca. registration after a VIN inspection in Ca.
 


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