evnow
Well-known member
With deliveries starting tomorrow, this is the place to share & discuss your lease details.
This one is from Omkar ...
This one is from Omkar ...
Yes - in CA.LTLFTcomposite said:You get to pay tax on the $7500?
Which means the % residual is being applied to MSRP + $820 destination. Which seems wrong in my mind.Train said:Residual is $15,580.40.
evnow said:Yes - in CA.LTLFTcomposite said:You get to pay tax on the $7500?
Which is also the reason why (in CA, and probably other states) you will be paying sales tax on that $7,500 amount of additional "Cap Reduction".garygid said:They are getting $9500, just $2000 from you, and $7500 from the feds, but it is AS IF you paid the whole $9500.
Sales tax.Boomer23 said:What kind of tax is this? Is this withholding of state income tax on the $7500, the state considering this as income?
evnow said:Sales tax.Boomer23 said:What kind of tax is this? Is this withholding of state income tax on the $7500, the state considering this as income?
Boomer23 said:Heck, the money isn't mine, I've never touched it. If they want to charge sales tax, they can charge it to the Feds, they came up with the money. :lol:
LakeLeaf said:You know what they say - What Andy Grove giveth, Bill Gates taketh away. If believe we are seeing the analogy - what Uncle Obama giveth, the Governator, er make that Governor Moonbeam now, taketh away.
Randy said:10-4 on that, Dave.
I just bought a new Droid X from Verizon in California for $49, and the tax was based on a $600 pricetag, which is something like $58 in tax. Ouch!
DaveinOlyWA said:Lemmee explain please. Cali sales tax is big part of the headache of my job. waaay back in the early 60's , cali realized that many people were coming to state, winning money on game shows, spending lavishly and then going home, but many were not. they did not spend any money because their midwestern frugleness was shocked at the very high prices they encountered not realizing that they were in a hotel, surrounded by tourist attractions that had shocking prices even for a native cali dude.
soooo the legislature seeing a golden income opportunity flying out of the state daily, decided to set sales tax on all "transactions" based on the retail value of gifts or services
iow, if you win something, you pay tax on retail value which is why game shows are required to announce that. as you know the first thing that pops into your head is "i would never pay that price!!" and to be honest with ya, neither would anyone else, since retail price is not commonly paid. but you will pay taxes based on that retail value.
keep in mind the average sales tax for a smartphone in the state of cali even if its free from your provider is around $50
EVDRIVER said:I guess you are lucky in Washi.
Enter your email address to join: