Friday, August 10, 2007

Texas State Sales Tax

Here is my comment to this post

I agree that Texas' tax revenue system does not need reformation. Some states have no sales tax, but to counter it, they have a sales income tax. However there are many more average income and poor citizens than there are wealthy ones. Texas makes more revenue by over-taxing them, because they make up so much more of the population compared to the wealthy. However, if the wealthy were taxed more, there would definitely be a big uprising, because you must keep in mind that the wealthy are the ones who own the majority of public offices and most of the power in the state.

Friday, August 3, 2007

Used Car Sales to Change in Texas

Welcome to another edition of me ranting about the Texas Government's revenue.

Article Link

Some states such as Arizona do not even impose a sales tax on used cars. It is bad enough that Texas has one, but they are beginning to become sticklers about it. The Government wants to start making A LOT more money from used cars sales between private parties (not used dealership cars). So to do this, the DMV will begin charging sales taxes not based on what you bought the car for, but what the car SHOULD have been sold for, according to market valuations such as the Kelley Blue Book.

This is horrendous. We can no longer lie about the purchase prices of our used cars to save money on taxes. Of course, there is the usual way around this, by claiming the vehicle was a "gift". However I am sure there are many more stipulations than simply claiming it was a gift.