sales tax
Gentleman's Relish
Joined: Feb 2005
Posts: 13,189
From: AZ
RE: sales tax
ORIGINAL: Leighky
I think it will be determined on a state by state basis. I know that in TX we paid tax and we bought ours from an individual. So I would suggest calling your local county courthouse and talking to the tax assessor's office (or the Georgia equivalent) and getting your info straight from them.
I think it will be determined on a state by state basis. I know that in TX we paid tax and we bought ours from an individual. So I would suggest calling your local county courthouse and talking to the tax assessor's office (or the Georgia equivalent) and getting your info straight from them.
2nd Gear Member
Joined: Jun 2006
Posts: 178
From:
RE: sales tax
I've never bought from a private party but my understanding has always been that the seller pays the sales tax. They are not allowed to keep that money so what they often will do is build the sales tax into the price. For instance, they want $500 in their pocket for the car, sales tax is 6%, so they would sell it for $530, and they are responsible for paying the $30 to the state. I could be way off though. I'm not tax law specialist. [sm=smiley24.gif]
6th Gear Member
Joined: Jan 2006
Posts: 6,054
From: Laredo, TEXAS
RE: sales tax
ORIGINAL: Derf00
Good point...TX doesn't have income tax do they?
ORIGINAL: Leighky
I think it will be determined on a state by state basis. I know that in TX we paid tax and we bought ours from an individual. So I would suggest calling your local county courthouse and talking to the tax assessor's office (or the Georgia equivalent) and getting your info straight from them.
I think it will be determined on a state by state basis. I know that in TX we paid tax and we bought ours from an individual. So I would suggest calling your local county courthouse and talking to the tax assessor's office (or the Georgia equivalent) and getting your info straight from them.
6th Gear Member
Joined: Jan 2006
Posts: 6,054
From: Laredo, TEXAS
RE: sales tax
ORIGINAL: kindred169
I've never bought from a private party but my understanding has always been that the seller pays the sales tax. They are not allowed to keep that money so what they often will do is build the sales tax into the price. For instance, they want $500 in their pocket for the car, sales tax is 6%, so they would sell it for $530, and they are responsible for paying the $30 to the state. I could be way off though. I'm not tax law specialist. [sm=smiley24.gif]
I've never bought from a private party but my understanding has always been that the seller pays the sales tax. They are not allowed to keep that money so what they often will do is build the sales tax into the price. For instance, they want $500 in their pocket for the car, sales tax is 6%, so they would sell it for $530, and they are responsible for paying the $30 to the state. I could be way off though. I'm not tax law specialist. [sm=smiley24.gif]
1st Gear Member
Joined: Jul 2006
Posts: 65
From:
RE: sales tax
ORIGINAL: randy78045
No, but dont confuse that with sales tax...
ORIGINAL: Derf00
Good point...TX doesn't have income tax do they?
ORIGINAL: Leighky
I think it will be determined on a state by state basis. I know that in TX we paid tax and we bought ours from an individual. So I would suggest calling your local county courthouse and talking to the tax assessor's office (or the Georgia equivalent) and getting your info straight from them.
I think it will be determined on a state by state basis. I know that in TX we paid tax and we bought ours from an individual. So I would suggest calling your local county courthouse and talking to the tax assessor's office (or the Georgia equivalent) and getting your info straight from them.
Gentleman's Relish
Joined: Feb 2005
Posts: 13,189
From: AZ
RE: sales tax
ORIGINAL: Leighky
correct, TX does not have a state income tax but sales tax is a totally different thing. When we bought our 65 coupe from an individual we payed a percentage of the purchase price (which like Randy said goes by what the seller reports so you can sometimes save a little there if the seller agrees =). )
ORIGINAL: randy78045
No, but dont confuse that with sales tax...
ORIGINAL: Derf00
Good point...TX doesn't have income tax do they?
ORIGINAL: Leighky
I think it will be determined on a state by state basis. I know that in TX we paid tax and we bought ours from an individual. So I would suggest calling your local county courthouse and talking to the tax assessor's office (or the Georgia equivalent) and getting your info straight from them.
I think it will be determined on a state by state basis. I know that in TX we paid tax and we bought ours from an individual. So I would suggest calling your local county courthouse and talking to the tax assessor's office (or the Georgia equivalent) and getting your info straight from them.
1st Gear Member
Joined: Jul 2006
Posts: 65
From:
RE: sales tax
ORIGINAL: Derf00
That's what I though, and I know that they are two different taxes but by clarifying one it would make it easier to figure out if TX charges Sales tax. AZ doesn't charge Sales tax for private parties but then we have income tax.
ORIGINAL: Leighky
correct, TX does not have a state income tax but sales tax is a totally different thing. When we bought our 65 coupe from an individual we payed a percentage of the purchase price (which like Randy said goes by what the seller reports so you can sometimes save a little there if the seller agrees =). )
ORIGINAL: randy78045
No, but dont confuse that with sales tax...
ORIGINAL: Derf00
Good point...TX doesn't have income tax do they?
ORIGINAL: Leighky
I think it will be determined on a state by state basis. I know that in TX we paid tax and we bought ours from an individual. So I would suggest calling your local county courthouse and talking to the tax assessor's office (or the Georgia equivalent) and getting your info straight from them.
I think it will be determined on a state by state basis. I know that in TX we paid tax and we bought ours from an individual. So I would suggest calling your local county courthouse and talking to the tax assessor's office (or the Georgia equivalent) and getting your info straight from them.
Yep, makes sense. In some states you can save by not having to pay a certain tax but they may also have taxes that other states don't. I wonder if Georgia has state income tax? Cuz that would be unfair if he does not have to pay that either! =) j/k
