gift or selling price / transfer of title

Is it true that when a private party sells a used car that they will
claim it as a gift (in California) so that both parties can avoid
paying a tax? Its been suggested to me that "everyone" does it this way
and that my buyer will expect to do it like this when I sell my car. I
would rather pay the tax and not worry about being penalized for
breaking a tax law. Am I being wierd or is there a good reason to claim
my car as a gift?

if you are selling you have no tax consequence.
the buyer will have to pay your state sales tax on the purchase price. if
you provide a bill of sale the buyer can use that to establish the purchase
price or he/she will be charged tax based on blue book value determined by
the department of motor vehicles. beyond the moral and legal issue, there
is no economic motivation for you to cheat the government out of its taxes.
as the seller there are no taxes due from a private sale.

"Brian" > wrote in message
oups.com...
> Is it true that when a private party sells a used car that they will
> claim it as a gift (in California) so that both parties can avoid
> paying a tax? Its been suggested to me that "everyone" does it this way
> and that my buyer will expect to do it like this when I sell my car. I
> would rather pay the tax and not worry about being penalized for
> breaking a tax law. Am I being wierd or is there a good reason to claim
> my car as a gift?
>

Crazy as it seems, in TX they just ask you how much you paid! No proof, no
lesser / greater of this Blue Book or that online service. You simply tell
them how much you paid! It's always seemed ridiculous to me, all but
inviting cheating.

Chris
99BBB

"Christopher Muto" > wrote in message
news:WzpHg.10910$E_.2181@trnddc06...
> if you are selling you have no tax consequence.
> the buyer will have to pay your state sales tax on the purchase price. if
> you provide a bill of sale the buyer can use that to establish the
> purchase price or he/she will be charged tax based on blue book value
> determined by the department of motor vehicles. beyond the moral and
> legal issue, there is no economic motivation for you to cheat the
> government out of its taxes. as the seller there are no taxes due from a
> private sale.
>
> "Brian" > wrote in message
> oups.com...
>> Is it true that when a private party sells a used car that they will
>> claim it as a gift (in California) so that both parties can avoid
>> paying a tax? Its been suggested to me that "everyone" does it this way
>> and that my buyer will expect to do it like this when I sell my car. I
>> would rather pay the tax and not worry about being penalized for
>> breaking a tax law. Am I being wierd or is there a good reason to claim
>> my car as a gift?
>>
>
>

Chris D'Agnolo wrote:
> Crazy as it seems, in TX they just ask you how much you paid! No proof, no
> lesser / greater of this Blue Book or that online service. You simply tell
> them how much you paid! It's always seemed ridiculous to me, all but
> inviting cheating.
>
> Chris
> 99BBB

But that 2003 BMW M5 that I paid $200.00 for was wrecked, I swear!

pat

You need to pay more attention. Texas just passed the largest tax
increase in its history, and your are going to cough up tax money
through the nose.

There are six lobbyist for every legislator in Austin. Four of those
lobbyist are paid for by other geverment entites, or goverment
employee unions (source Dallas Morning News) so it seems you have
Goverment of the government, by the government, for the goverment.

Vote for Kinky!


On Fri, 25 Aug 2006 18:20:15 -0500, "Chris D'Agnolo"
> wrote:

>Crazy as it seems, in TX they just ask you how much you paid! No proof, no
>lesser / greater of this Blue Book or that online service. You simply tell
>them how much you paid! It's always seemed ridiculous to me, all but
>inviting cheating.
>
>Chris
>99BBB
>
>"Christopher Muto" > wrote in message
>news:WzpHg.10910$E_.2181@trnddc06...
>> if you are selling you have no tax consequence.
>> the buyer will have to pay your state sales tax on the purchase price. if
>> you provide a bill of sale the buyer can use that to establish the
>> purchase price or he/she will be charged tax based on blue book value
>> determined by the department of motor vehicles. beyond the moral and
>> legal issue, there is no economic motivation for you to cheat the
>> government out of its taxes. as the seller there are no taxes due from a
>> private sale.
>>
>> "Brian" > wrote in message
>> oups.com...
>>> Is it true that when a private party sells a used car that they will
>>> claim it as a gift (in California) so that both parties can avoid
>>> paying a tax? Its been suggested to me that "everyone" does it this way
>>> and that my buyer will expect to do it like this when I sell my car. I
>>> would rather pay the tax and not worry about being penalized for
>>> breaking a tax law. Am I being wierd or is there a good reason to claim
>>> my car as a gift?
>>>
>>
>>
>

snip;
You need to pay more attention

Boy, YOU'RE ASSUMING ALLOT!

But thanks for the heads up on the lobbyists. I think we should change all
those "what is 1 million lawyers at the bottom of the ocean?" jokes to
lobbyists! Better yet, let's send 1 million lobbyists to the bottom of the
ocean for "a good start!"

Chris
99BBB eyes wide open in TX

"M. Cantera" > wrote in message
...
> You need to pay more attention. Texas just passed the largest tax
> increase in its history, and your are going to cough up tax money
> through the nose.
>
> There are six lobbyist for every legislator in Austin. Four of those
> lobbyist are paid for by other geverment entites, or goverment
> employee unions (source Dallas Morning News) so it seems you have
> Goverment of the government, by the government, for the goverment.
>
> Vote for Kinky!
>
>
> On Fri, 25 Aug 2006 18:20:15 -0500, "Chris D'Agnolo"
> > wrote:
>
>>Crazy as it seems, in TX they just ask you how much you paid! No proof, no
>>lesser / greater of this Blue Book or that online service. You simply
>>tell
>>them how much you paid! It's always seemed ridiculous to me, all but
>>inviting cheating.
>>
>>Chris
>>99BBB
>>
>>"Christopher Muto" > wrote in message
>>news:WzpHg.10910$E_.2181@trnddc06...
>>> if you are selling you have no tax consequence.
>>> the buyer will have to pay your state sales tax on the purchase price.
>>> if
>>> you provide a bill of sale the buyer can use that to establish the
>>> purchase price or he/she will be charged tax based on blue book value
>>> determined by the department of motor vehicles. beyond the moral and
>>> legal issue, there is no economic motivation for you to cheat the
>>> government out of its taxes. as the seller there are no taxes due from a
>>> private sale.
>>>
>>> "Brian" > wrote in message
>>> oups.com...
>>>> Is it true that when a private party sells a used car that they will
>>>> claim it as a gift (in California) so that both parties can avoid
>>>> paying a tax? Its been suggested to me that "everyone" does it this way
>>>> and that my buyer will expect to do it like this when I sell my car. I
>>>> would rather pay the tax and not worry about being penalized for
>>>> breaking a tax law. Am I being wierd or is there a good reason to claim
>>>> my car as a gift?
>>>>
>>>
>>>
>>
>

Chris D'Agnolo wrote:

> Boy, YOU'RE ASSUMING ALLOT!
>
> But thanks for the heads up on the lobbyists. I think we should change all
> those "what is 1 million lawyers at the bottom of the ocean?" jokes to
> lobbyists! Better yet, let's send 1 million lobbyists to the bottom of the
> ocean for "a good start!"
>
> Chris
> 99BBB eyes wide open in TX

I was laughing too hard to reply to M. Cantera.

I have lived in Texas my entire life and have talked to many, many
people about politics during the last 22 years or so.

Not one person even came close to Chris D. in clear and concise
knowledge, especially of current events, as well as being able to look
at both sides of an issue, which is extremely rare in political discussions.

What was that about him not paying attention? ;-)

Pat

Pat, you're too kind! I am happy M.Cantera is paying attention, if more
people were doing that we'd all be miles ahead. Bottom line is when the govt
declares a garage sale, buyers and brokers come running. Welcome to 'red'
America.

Chris
99BBB

"pws" > wrote in message
...
> Chris D'Agnolo wrote:
>
>> Boy, YOU'RE ASSUMING ALLOT!
>>
>> But thanks for the heads up on the lobbyists. I think we should change
>> all those "what is 1 million lawyers at the bottom of the ocean?" jokes
>> to lobbyists! Better yet, let's send 1 million lobbyists to the bottom of
>> the ocean for "a good start!"
>>
>> Chris
>> 99BBB eyes wide open in TX
>
> I was laughing too hard to reply to M. Cantera.
>
> I have lived in Texas my entire life and have talked to many, many people
> about politics during the last 22 years or so.
>
> Not one person even came close to Chris D. in clear and concise knowledge,
> especially of current events, as well as being able to look at both sides
> of an issue, which is extremely rare in political discussions.
>
> What was that about him not paying attention? ;-)
>
> Pat

Chris D'Agnolo wrote:
> Pat, you're too kind! I am happy M.Cantera is paying attention, if more
> people were doing that we'd all be miles ahead. Bottom line is when the govt
> declares a garage sale, buyers and brokers come running. Welcome to 'red'
> America.
>
> Chris
> 99BBB

Kind? Not me, I was just making that up. You are just another lemming
who believes every piece of news that the media spoon feeds you.
Your political knowledge is actually quite sad. ;-)

Isn't it true that more people voted for the winner of "American Idol"
than for the U.S. Presidency?
I don't think that there is any hope, the water has already started
spiraling down the drain. The tub is almost empty.

The heat has finally dropped enough to go play "dodge the deer". I am
off for a ride......

Pat

"He who makes a beast of himself gets rid of the pain of being a man" -
Avenged Sevenfold

pws wrote:

> "He who makes a beast of himself gets rid of the pain of being a man" - Samuel Johnson (re-quoted by Avenged Sevenfold for "Bat Country", a song based on "Fear and Loathing in Las Vegas".)