Federal COBRA Tax

[RodKnock]

Originally Posted by patrickt

Taxing the "car" or taxing the functional relationship the car has to something else (like interstate commerce)?

What about the Federal luxury car tax?

[patrickt]

Originally Posted by RodKnock

What about the Federal luxury car tax?

Hmmm, that's pretty good. But the FLCT is a sales tax that just happens to be on cars at the time of purchase. It's not a recurring property tax like you pay on your house and, at least in my state, cars as well. But I'll give you partial credit for an otherwise good reply.

[crASH]

Originally Posted by patrickt

It's not a recurring property tax like you pay on your house and, at least in my state, cars as well.

Do you pay annual property tax (cars and real estate primarily) to the state, or to the county?

[patrickt]

Originally Posted by crASH

Do you pay annual property tax (cars and real estate primarily) to the state, or to the county?

All property taxes, both cars and real estate, are paid to the county or city in which the property resides. The authority for that is vested in the state and statutorily delegated to these "municipal corporations."

Originally Posted by RodKnock

I want 100% credit dag-nabit. Partial credit is for losers.

Alright, I'll bump you to three-quarters. Want me to buy you a cam, too?

[RodKnock]

Originally Posted by patrickt

Alright, I'll bump you to three-quarters. Want me to buy you a cam, too?

Well that's gonna hurt my GPA.

If you're offering to buy roller cams, then, why yes, thank you very much. I have always thought my roller cam was a bit mild. Never mind. I just remembered the nonsense that you're putting poor Brent through for his SFT cam. I wouldn't want to wear a dress like Brent's. Taffeta was it?

[patrickt]

Originally Posted by RodKnock

I wouldn't want to wear a dress like Brent's. Taffeta was it?

Yes it was. Lavender, in fact. It will look perfect with the Jimmy Choo pumps that I just put in the mail for him.

[RodKnock]

An email that all SAAC members received this evening:

"SENATOR SCHUMER “TAXING CLASSIC CARS” NEW YORK TIMES ARTICLE REVEALED AS ONLY AN APRIL FOOL’S PRANK


The Shelby American Automobile Club’s annual April Fool’s gag reached a much wider audience that anyone could have predicted. Initially a four-page newsletter was emailed to every member. It contained stories about a perpetual motion ’68 Shelby, a ’69 GT350 that supposedly got 40 miles per gallon and a bogus front page recreation of the New York Times, dated March 28th, that had two stories. One was a hoax about purported tax legislation being prepared by Sen. Charles Schumer, which would tax every collector car, antique, hot rod and race car in the country. This was, of course, concocted out of thin air. But it was, on the surface, believable and it hit numerous hot buttons of car owners.

As soon as some SAAC members read this they immediately went into full “Paul Revere mode,” posting the article on a wide variety of Internet car forums. Once on those forums, readers swarmed like angry killer bees, both posting angry comments about the unfairness of the concept and spreading parts and pieces of the original article in emails and postings. It was the classic definition of something “going viral.”

When readers on some forums recognized the whole thing as an April Fool’s joke and posted this, other readers seemed to look right past the warnings. We now know how Orson Wells must have felt after his 1938 “War of the Worlds” radio broadcast resulted in traffic jams as panicked people tried to flee New Jersey.

While we enjoy a good April Fool’s prank as much as anyone, we never envisioned that this one could spread so quickly or so widely beyond the Shelby American Automobile Club. We deeply regret if taking this story seriously has caused anyone any undue distress or embarrassment. To keep more of that from happening we would greatly appreciate it if you could forward this message to as many car enthusiasts as possible. If they forward it to others who can forward it to even more people, maybe this second message will catch up with and overpower the first one.

And finally, please do not contact Senator Schumer’s office. He already has his hands full with real issues of importance.

Best regards,

Rick Kopec
Shelby American Automobile Club"