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#21
01-21-2004, 08:29 PM
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Re: The IRS and selling personal cars???
What do you mean "add 70K for Plates"? Holy Snikees!
What i mean, is that if i would like this car to have real license plates, and be able to use it daily as transportation, just as all the Volvos and Mercedes here, i would have had to pay another 470000 of my kind of money, and that would be abt. 70000 US$, The IRS know what they want, and how to get it! NEW 
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#22
01-21-2004, 09:04 PM
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Re: The IRS and selling personal cars???
[ QUOTE ]
What do you mean "add 70K for Plates"? Holy Snikees! What i mean, is that if i would like this car to have real license plates, and be able to use it daily as transportation, just as all the Volvos and Mercedes here, i would have had to pay another 470000 of my kind of money, and that would be abt. 70000 US$, The IRS know what they want, and how to get it! NEW [/ QUOTE ] Ok, I just got a new Mercedes SL600 and it cost me 140K, How much would that same car cost you to be able to drive down the road for a gallon of milk? Sam
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SamLBInj 69 Z/28 X33D80 72-B H-D 105 FLSTC
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#24
01-21-2004, 09:31 PM
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Re: The IRS and selling personal cars???
[ QUOTE ]
Capital gains tax is higher on short term gains...long term goes down in percentage... [/ QUOTE ] Tell me about it, Man did I get whacked for some day trading a few years back  ...Now my motto is "Long Term"Sam
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SamLBInj 69 Z/28 X33D80 72-B H-D 105 FLSTC
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#26
01-22-2004, 12:29 AM
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Re: The IRS and selling personal cars???
MGINLA, Well, it has been so long since I had a hobby that made money I guess I am a bit out of touch.......
Motown 
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"What Kind Of Bird Dont Fly?......."
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#27
01-22-2004, 02:04 AM
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Re: The IRS and selling personal cars???
Motown, That is a good story and you stick to it.
 I myself purchased an overpriced car from a Hollywood Actor so I will not have a gain when I sell it. 
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#28
01-22-2004, 06:39 AM
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Re: The IRS and selling personal cars???
Ok, I just got a new Mercedes SL600 and it cost me 140K, How much would that same car cost you to be able to drive down the road for a gallon of milk?
Sam An SL600, an guesstimate is around 320000 US $... Average salary here is 40 - 45 K US, minus what the IRS wants, that normally is around 33 - 42 % on regular wages. NEW
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#29
01-22-2004, 09:34 PM
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Re: The IRS and selling personal cars???
[ QUOTE ]
Ok, I just got a new Mercedes SL600 and it cost me 140K, How much would that same car cost you to be able to drive down the road for a gallon of milk? Sam An SL600, an guesstimate is around 320000 US $... Average salary here is 40 - 45 K US, minus what the IRS wants, that normally is around 33 - 42 % on regular wages. NEW [/ QUOTE ] Wow  so it has nothing to do with a car coming from America, just about how your government does business...what free services do you get, like medical, transportation, ect..I use the term "free" loosely..Makes me proud to be an American, your making our IRS look good!  Sam
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SamLBInj 69 Z/28 X33D80 72-B H-D 105 FLSTC
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