Comments on: How to not pay any sales tax when you shop http://www.financephysician.com/2007/06/17/how-to-not-pay-any-sales-tax-when-you-shop/ everything outside of work you need to think about Fri, 21 Nov 2008 23:34:38 +0000 http://wordpress.org/?v=2.2 By: Mark http://www.financephysician.com/2007/06/17/how-to-not-pay-any-sales-tax-when-you-shop/#comment-8597 Mark Sun, 13 Jul 2008 15:15:28 +0000 http://www.financephysician.com/2007/06/17/how-to-not-pay-any-sales-tax-when-you-shop/#comment-8597 In Louisiana all donations are tax free and you can donate anything to anyone. Had you, for example, been donated your Georgia-titled vehicle from a relative or friend who is an out-of-state resident, you'd have paid no sales tax and the transaction should have cost you about $100 from a private car titling agency (maybe slightly more depending on the value of the vehicle). The private agencies are usually about $25 more than the Office of Motor Vehicles and offer notary services, which may be required on these types of transactions (and oddly enough aren't offered by the OMV). The private auto titling agencies also can often issue metal plates on the spot. While insurance rates are generally higher than other states, the year-to-year registration fees are generally negligible. An inspection sticker (referred to as a "brake tag") is $10 a year and the plate or registration fee is $10 a year for vehicles valued at $10,000 or less (more for higher-valued vehicles, but not outrageously more). It's best to handle your renewals by mail or, if you have time, directly through the Office of Motor Vehicles. In Mississippi, I understand the year-to-year registration fees are considerably more and you are have to pay what essentially amounts to a large sales tax on the value of your vehicle year after year, so you may take comfort in the fact that you only have to pay big bucks once in the Sportsman's Paradise. You're right in estimating that the tax, title, In Louisiana all donations are tax free and you can donate anything to anyone. Had you, for example, been donated your Georgia-titled vehicle from a relative or friend who is an out-of-state resident, you’d have paid no sales tax and the transaction should have cost you about $100 from a private car titling agency (maybe slightly more depending on the value of the vehicle). The private agencies are usually about $25 more than the Office of Motor Vehicles and offer notary services, which may be required on these types of transactions (and oddly enough aren’t offered by the OMV). The private auto titling agencies also can often issue metal plates on the spot.

While insurance rates are generally higher than other states, the year-to-year registration fees are generally negligible. An inspection sticker (referred to as a “brake tag”) is $10 a year and the plate or registration fee is $10 a year for vehicles valued at $10,000 or less (more for higher-valued vehicles, but not outrageously more). It’s best to handle your renewals by mail or, if you have time, directly through the Office of Motor Vehicles. In Mississippi, I understand the year-to-year registration fees are considerably more and you are have to pay what essentially amounts to a large sales tax on the value of your vehicle year after year, so you may take comfort in the fact that you only have to pay big bucks once in the Sportsman’s Paradise.

You’re right in estimating that the tax, title,

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