So does everyone B.S. their bill of sale?

Actually, all transactions taxable unless an exemption applies.

The most commonly applied exemption is the "Occasional Sale" exemption.

If you buy a plane in or for use in Texas, get a Statement of Occasional Sale signed, and retain it for your records for if/when the state comes calling.

texasag93 said:
Unless Texas law has changed, they will charge sales tax on an individual buying an airplane within the state.

If a partnership (corporation or a couple of buddies) buys the airplane, they do not charge sales tax.

I have not looked at the regulations in a couple of years.

When the economy is good, they are too busy cashing checks to look at everything. When the economy is bad, they are looking hard for people to send tax notices to.
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SkyDog58 said:
So is there a special restroom for that?
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By the way...

fce6a49655f957824ac24a8f79c62428.jpg
 
Clip4 said:
Actually if you are concealing the price and avoiding sales tax, you are stealing from the rest of us and it is our business.
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Lol, really comrade?
 
Clip4 said:
Actually if you are concealing the price and avoiding sales tax, you are stealing from the rest of us and it is our business.
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Tax avoidance is illegal in the USA generally speaking. Tax avoidance is a standard legal practice in many other countries.
 
Clip4 said:
Really thief. You are stealing from the rest of use who are following the law.
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Why are you entitled to my money when I buy something from someone else?

Pay gas taxes to drive on a public road, sure
Paying postage to ship USPS, sure

But trying to take my money when I buy something from another private individual, keep your hands out of my pockets, or bring something of value to the table
 
James331 said:
Why are you entitled to my money when I buy something from someone else?

Pay gas taxes to drive on a public road, sure
Paying postage to ship USPS, sure

But trying to take my money when I buy something from another private individual, keep your hands out of my pockets, or bring something of value to the table
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Either break the law or follow it. If you disagree with it, advocate for change, or run the risk of getting caught if you decide not to follow it.
Currently, most states with minor exceptions all stipulate sales taxes are required to be paid between any two parties unless one party is going to resale said item. There is no differentiation between a party defined a an individual citizen, or a commercial entity.

Tim
 
FastEddieB said:
Because we live in a nation of laws, and that's the law. Don't like it? Make efforts to change it. Or be a criminal - your choice.
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Let me know when someone enforces all of them. It's illegal to loan your vacuum cleaner to your neighbor in the City and County of Denver.

In other words, there are such things as bad laws. The "we're a nation of laws" crowd always ignores that fact.

But it only took SCOTUS over a decade to get one small corrupt town in Texas from being the chosen venue for bad patent law. Just happened a week or two ago.

You see, the citizens realized all the patent troll cases were being tried there so they kept re-electing the judge who made up his own law, so that the town would get the economic benefits of all the cases being moved there.

Institutionalized corruption isn't what the law is supposed to be about.

Let's chat about how one would "advocate" to make property confiscation illegal, shall we? Think anyone wants to try that? We have an attorney here who can share a story of someone's jet being confiscated and the resulting bad storage of said jet, destroying their property, with not one lick of criminal activity on the part of the jet owner...

How about how to "advocate" against debt spending? Got any ideas for that one? Too many people being paid from that money to stop it. Nothing to do with justice at all, just bad law.

How about just telling us how you'd "advocate" against a PD literally blowing up your house that a non-violent criminal ran into. Then finding you couldn't rebuild your house to current standards set by the same local government who is immune from prosecution for blowing it up in the first place?

When a society deems "law" the same as "morality" and ignores the injustices the laws cause, or worse, puts "law" on some religious pedestal like it's all good... we have problems. Breaking immoral laws isn't the problem, nor is the person who's doing it.

Denver made catching rain water in barrels to water the garden illegal. Folks just ignored them. The politicians claimed a great "victory" when they rescinded their own stupidity. A few folks were cited. Nothing about that law was moral or just.

Let's not even go into most PDs having officers who trained about eight hours on "the law" and then told them to go enforce them. Cheaper and easier for them to just have someone vote the officers immunity from personal liability prosecution, unlike every other profession where gross negligence can reach into your pocket.

I've always "advocated" that law enforcement jobs should require at LEAST two years of law study if not four, and be paid like a Doctor... but also remove the liability prosecution protection. Think that will go anywhere? A few weeks at an "Academy" doesn't cut it for what an officer needs to know in 2017.

The law books get bigger every year.
 
denverpilot said:
But it only took SCOTUS over a decade to get one small corrupt town in Texas from being the chosen venue for bad patent law. Just happened a week or two ago.

You see, the citizens realized all the patent troll cases were being tried there so they kept re-electing the judge who made up his own law, so that the town would get the economic benefits of all the cases being moved there.
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I think the owner of X Plane actually had a site dedicated to that, (edit: http://www.thepatentscam.com) and has some videos on Youtube about it. He recorded a video where he went to the office of the patent troll that was suing him (I think it was that TX town) to hunt them down and of course it was an office in an office building and no one was there and the office totally empty of anything.

Here's one video of him talking about what happened to him, and many others on the right side of the page. This is '15 so not sure how this case turned out yet. I'll have to Google.


He also has a good site somewhere detailing his blow by blow of doing the factory assist when building his Lancair Evolution turboprop. Edit: http://austinmeyer.com/project/n844x/
 
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3393RP said:
It takes around 22 pounds of hundred dollar bills to equal one million dollars IIRC. :D

This is the approximately $205 million that was found in the house of Zhenli le Gon, a methamphetamine manufacturer.

YeGon_millions.jpg
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Yeah, 22 lbs is about right. Or at least it was last time I weighed it.
whistle.gif
 
I'll add a different view on the $1 bill of sale. If everyone reported the actual paid price, tools like Vref would have better estimates. How often do people post on POA about the asking price of an airplane? They get a bunch of opinions, but unless someone is in the business of buying/selling airplanes, those opinions are based more on asking prices, not prices paid and asking prices are often inflated. In real estate, the sold price is usually recorded and publicly available in many states. It makes it easier to analyze asking prices.
 
ColoPilot said:
I'll add a different view on the $1 bill of sale. If everyone reported the actual paid price, tools like Vref would have better estimates. How often do people post on POA about the asking price of an airplane? They get a bunch of opinions, but unless someone is in the business of buying/selling airplanes, those opinions are based more on asking prices, not prices paid and asking prices are often inflated. In real estate, the sold price is usually recorded and publicly available in many states. It makes it easier to analyze asking prices.
Click to expand...

Would not help Vref, unless Vref changed how it gathered the data.

Tim
 
Clark1961 said:
Tax avoidance is illegal in the USA generally speaking. Tax avoidance is a standard legal practice in many other countries.
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Tax evasion is illegal. Tax avoidance is perfectly legit.
 
ColoPilot said:
I'll add a different view on the $1 bill of sale. If everyone reported the actual paid price, tools like Vref would have better estimates. How often do people post on POA about the asking price of an airplane? They get a bunch of opinions, but unless someone is in the business of buying/selling airplanes, those opinions are based more on asking prices, not prices paid and asking prices are often inflated. In real estate, the sold price is usually recorded and publicly available in many states. It makes it easier to analyze asking prices.
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Yeah, folks owe something to no interested parties. Sure.
 
denverpilot said:
Let's not even go into most PDs having officers who trained about eight hours on "the law" and then told them to go enforce them. Cheaper and easier for them to just have someone vote the officers immunity from personal liability prosecution, unlike every other profession where gross negligence can reach into your pocket.

I've always "advocated" that law enforcement jobs should require at LEAST two years of law study if not four, and be paid like a Doctor... but also remove the liability prosecution protection. Think that will go anywhere? A few weeks at an "Academy" doesn't cut it for what an officer needs to know in 2017.

The law books get bigger every year.
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And so we end up with morons with badges and guns like this idiot:
http://www.nbcphiladelphia.com/news...ate-Police-Arrest-Not-Talking--379079581.html
 
paflyer said:
Tax evasion is illegal. Tax avoidance is perfectly legit.
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Ummm, not exactly....or even close. Tax avoidance in the USA is illegal. A deal can be structured so that it minimizes taxes. A deal cannot legally be structured solely to avoid taxes. Some European countries have very different laws on this which is why some companies choose to be incorporated there.
 
Clark1961 said:
Ummm, not exactly....or even close. Tax avoidance in the USA is illegal. A deal can be structured so that it minimizes taxes. A deal cannot legally be structured solely to avoid taxes. Some European countries have very different laws on this which is why some companies choose to be incorporated there.
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Sorry dude, you're wrong... and partly right.

As a self-employed type, I can sock away a lot of income into an IRA. My choice as to the amount up to the limit. That's tax avoidance (in this example, it's really deferred, but you get the idea.)

"A deal cannot legally be structured solely to avoid taxes." That is tax evasion.

Is a company that sets up a factory in a tax "favorable" locale avoiding or evading?
 
paflyer said:
Sorry dude, you're wrong... and partly right.

As a self-employed type, I can sock away a lot of income into an IRA. My choice as to the amount up to the limit. That's tax avoidance (in this example, it's really deferred, but you get the idea.)

"A deal cannot legally be structured solely to avoid taxes." That is tax evasion.

Is a company that sets up a factory in a tax "favorable" locale avoiding or evading?
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An ira is not avoiding taxes, it is delaying taxes as you admit. Tax avoidance is illegal in the USA. You really don't understand the legal framework.
 
There are differing ways to structure business and income, and doing so in the way that minimizes tax incurred is "tax avoidance"; falsely reporting income and expenses and such in order to not pay tax is "tax evasion."

Big difference.

We, each and all of us, have a moral obligation to avoid taxes to the maximum lawful extent; for to do otherwise is to unreasonably harm the productive economy by diverting productive capital to the non-productive, government and bureaucratic, sector.
 
Clark1961 said:
An ira is not avoiding taxes, it is delaying taxes as you admit. Tax avoidance is illegal in the USA. You really don't understand the legal framework.
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Deferral can reduce the overall tax burden over a period of time. Is that evasion? How about setting up as a S corp to qualify for tax-code benefits like being able to write off things that a sole prop can't? Is that evasion?

Spike did a better job of explaining the difference.
 
paflyer said:
And so we end up with morons with badges and guns like this idiot:
http://www.nbcphiladelphia.com/news...ate-Police-Arrest-Not-Talking--379079581.html
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How do you think that would have gone if the dash cam wasn't there? Think the supervisor would side with the officer or her?

It's stuff like that guy in that video. Blatant, flagrant, intentional ignoring of the easiest laws to know in the land that make the whole system look flawed.

There's literally no way someone who knows how to Mirandize someone doesn't know she was right.

That's where the "gross negligence" I speak of, comes in. Take away the legal protection for personal lawsuits in something that blatant and I bet that sort of behavior stops real quick. She should be able to reach into his personal pocket.

He's way past "dumb" there. He's flagrantly breaking the law and knows it.

(And officers should be paid enough to carry their own personal liability insurance for said problems just like anyone in the medical industry. My wife carries her own on top of whatever the medical company would give her as a defense and they'd defend her unless she was grossly negligent.)

Bet ya $20 he didn't even get a day of "paid administrative leave" for being that bad at his job.
 
texasag93 said:
Unless Texas law has changed, they will charge sales tax on an individual buying an airplane within the state.
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Years ago when I bought and sold in Texas I was told (and observed through a handful of transactions) that if either party to a transaction had a comptroller registration (even if not in the a/c business), sales tax was due - otherwise it was not.
 
I am buying from Connecticut to Texas.
How is CT going to know to tax me?
What is the trigger for them to be informed to collect money from me?
 
SixPapaCharlie said:
I am buying from Connecticut to Texas.
How is CT going to know to tax me?
What is the trigger for them to be informed to collect money from me?
Click to expand...

sounds like the state searches for (via okc), or is notified of, sales involving their state.
 
SixPapaCharlie said:
I am buying from Connecticut to Texas.
How is CT going to know to tax me?
What is the trigger for them to be informed to collect money from me?
Click to expand...

Databases.

You and I are old enough to remember when one government bureaucracy had to call another to find out things. Or even send a letter. (Gasp.)

There were probably some real benefits to that. If it wasn't a big deal, it wasn't a big deal enough to call.

But nowadays, they're just querying an API or doing a data dump and a merge against their data.

This airplane used to be "here", FAA now says airplane is "there". Really easy.

Except when it screws up, of course. Like the database query that flagged Martha King as a drug transporter.

No biggie. Some thoughtless SQL can now end up with you on the pavement with a rifle pointed at your head.

The person who wrote the bad SQL query is out grabbing half a donut in Sac's office kitchen. Won't bother them at all. Won't even go down as any sort of black mark on their employment record.

"It's just a bug. Have someone open a ticket and we'll talk about it in Scrum tomorrow. Have you tried the donuts? I'm on a diet so I cut them in half."

Yay computers.
 
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