RE: Sales Tax Boat Purchase
Good grief, I thought the the $2,500 was a one off tax on buying the boat. The figures you have quoted above are amazing. From the outside looking in this seems a crazy situation.If, you say buy an RV and use it for leisure(not a permanent home) are you subject to the same type of tax issues?
Don, you mention sales tax and use tax together.Sales tax I understand is a one off cost, the use tax is obviously an on going expence. Over here if you buy a new boat or a second hand boat from a dealer you pay a 10% flat tax, we call ours GST, in the UK it;s called VAT etc. If you buy a second hand boat direct from the owner you do not pay that 10% tax. What is your sales tax as a % on boats in the US? From what you have posted it sounds like it varies from state to state, which means I guess that some states are better to buy in than others.
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