See the following from the LA Times
http://www.latimes.com/news/local/la-me-yacht22aug22,1,5410703.story
http://www.latimes.com/news/local/la-me-yacht22aug22,1,5410703.story
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Back to the tax-free 90 days
- Thread starter Arnold
- Start date
Interesting info!
I believe that CA was losing revenue and jobs by pushing new owners out of the state at a time when they would be spending money to improve their new purchase. In the case of a new boat, getting all the electronics installed and set up, etc. Similar with planes and RVs. Plus they spend money on slip fees, fuel, meals, etc, etc.
So at best the whole thing was a wash, but I suspect CA lost----especially in the jobs area as business was driven out of CA. Of course the LA Times had to put a different slant on it!
I believe that CA was losing revenue and jobs by pushing new owners out of the state at a time when they would be spending money to improve their new purchase. In the case of a new boat, getting all the electronics installed and set up, etc. Similar with planes and RVs. Plus they spend money on slip fees, fuel, meals, etc, etc.
So at best the whole thing was a wash, but I suspect CA lost----especially in the jobs area as business was driven out of CA. Of course the LA Times had to put a different slant on it!
Famous case back east...I forget the state...Virginia maybe, put a luxury tax on yachts. The liberals stuck it to the rich people with big boats.
You guessed it, the factory moved across the state line. Unemployment went up.
I kid you not, while appraising this ladies mansion in the Fabulous Forties, she was in the kitchen watching TV. She lamented her husband's passing and how she had nothing to do now, etc. So I paid my respects, if you will, and then she said we don't pay enough taxes. It was a welfare thing on the Radio. I told her I paid too many. I still had two kids to get through college and so on. She said something else that I couldn't hear, but I told her, in a kind, respectful way that if she truly felt like we weren't paying enough taxes, she could send a check to the IRS anytime, they would gratefully accept it. She got mad and said that wasn't what she meant. I knew what she meant, I wasn't paying enough taxes. Grrrrrrr.
Anyway, I paid the state a huge chunk and I paid it a month early. HUGE mistake. They lost it. I had a receipt from them for the letter and I could produce the check, so they ate crow. But not before I got a nasty letter saying I was overdue and they were going to charge me penalty and interest...threat....threat...threat. I told them I would send copies of my paperwork to the Governor and they could discuss it with him. There was NO
form for paying my taxes a month early. I did not want to risk it being late. But I was working for the State at that time and felt like I owed them something I guess.
Rush Limbaugh, while in Sacramento I think, read a supply side letter of economics and the local libs were upset. Because John F. Kennedy wrote it. Go figure. We pay sales taxes when we buy it, then we pay property taxes too. THAT sucks.
You guessed it, the factory moved across the state line. Unemployment went up.
I kid you not, while appraising this ladies mansion in the Fabulous Forties, she was in the kitchen watching TV. She lamented her husband's passing and how she had nothing to do now, etc. So I paid my respects, if you will, and then she said we don't pay enough taxes. It was a welfare thing on the Radio. I told her I paid too many. I still had two kids to get through college and so on. She said something else that I couldn't hear, but I told her, in a kind, respectful way that if she truly felt like we weren't paying enough taxes, she could send a check to the IRS anytime, they would gratefully accept it. She got mad and said that wasn't what she meant. I knew what she meant, I wasn't paying enough taxes. Grrrrrrr.
Anyway, I paid the state a huge chunk and I paid it a month early. HUGE mistake. They lost it. I had a receipt from them for the letter and I could produce the check, so they ate crow. But not before I got a nasty letter saying I was overdue and they were going to charge me penalty and interest...threat....threat...threat. I told them I would send copies of my paperwork to the Governor and they could discuss it with him. There was NO
form for paying my taxes a month early. I did not want to risk it being late. But I was working for the State at that time and felt like I owed them something I guess.
Rush Limbaugh, while in Sacramento I think, read a supply side letter of economics and the local libs were upset. Because John F. Kennedy wrote it. Go figure. We pay sales taxes when we buy it, then we pay property taxes too. THAT sucks.
Hey, it wasn't just Virginia! The Feds had a "luxury tax" on all vessels over $100k, new and used. So the "rich folks" stopped buying boats. Several boat companies in the USA went out of business or were bought up for dimes on the dollar by Brunswick and other. That law almost killed the boating industry in the USA before it was repealed!!! Lots of people lost their jobs too.