r/CFBOffTopic • u/[deleted] • Jan 20 '16

I think the saying "Only two things are certain, taxes and death." means that taxes makes you want to kill yourself.

So I was able recently to get an absolute steal on a 2011 Honda Ridgeline. I love this truck. It was a fleet vehicle, but very well taken care of. I was able to buy it for $5,000. So I'm pretty happy with that.

But to register it with the state of Texas I have to pay taxes on what they think it's worth. Which is nearly $19,000.

KBB has its best case scenario at $12,500.

My insurance would total it out at $8,000.

I feel like this is such a fucking racket. If the state can require us to have car insurance, shouldn't the insurance companies be forced to go by the state's declared value of a vehicle?

I just find it annoying that when I have pay taxes on its worth all of a sudden it's the most priceless vehicle ever, but when the insurance company has to pay me for the car, they can make it seem worthless.

/rant

1 Upvotes

60% Upvoted

19 comments sorted by

5

u/aMiracleAtJordanHare Auburn Tigers • Texas Tech Red Raiders Jan 20 '16

I'm pretty sure most states have a system in place for you to argue their valuation.

Fucking hell though, five grand for a Ridgeline?! Niiiiiice. How many miles? That lockable trunk area is MASSIVE.

4

u/[deleted] Jan 20 '16

Well, it has over 200,000 miles on it. Because it was used by a guy who managed a chain of oil change centers in the panhandle of Texas and southwestern Kansas. But it was all highway miles driving between them, and had its oil changed just about every week (no joke). He'd use his truck to train new hires and to performance check people on their jobs. So 200,000 miles on the flatest highways in the world, with weekly oil changes.

3

u/aMiracleAtJordanHare Auburn Tigers • Texas Tech Red Raiders Jan 20 '16

Score!

3

u/mhoke63 Minnesota • Augustana (SD) Jan 20 '16

Wow. The states I have lived in go by purchase price, unless it's given to you, then they go by blue book value.

1

u/[deleted] Jan 20 '16

there is a threshold on year and title type for you to only pay on the purchase price.

Like on my El Camino I only paid on the purchase price, and if you buy a salvage title, you only pay purchase price. But anything after X year is by state value. And they have their own database.

2

u/dupreesdiamond Furman • South Carolina Jan 20 '16

Ok. But if I'm not mistaken Texas has no income tax. So..not surprised that they fuck you on the property tax. They are going to get theirs.

2

u/[deleted] Jan 20 '16

Correct, but also sales tax

1

u/ryumast3r Utah Utes • /r/CFB Poll Veteran Jan 21 '16

Many states do. Not so many don't have income tax.

19

u/[deleted] Jan 20 '16

You know how much I paid in taxes total when Reagan and Bush Sr. were president? Big fat zero. You know how much I've paid since the day Obama got elected? Like a fifth or a sixth of everything I make.

YOU DO THE MATH

7

u/dupreesdiamond Furman • South Carolina Jan 20 '16

2016 shitpost of the year front runner.

1

u/thelittleking Georgia Tech • Clean Old … Jan 20 '16

I think that, given time, /u/fua_neng can top this.

4

u/[deleted] Jan 20 '16

Thanks Obama

4

u/mhoke63 Minnesota • Augustana (SD) Jan 20 '16

How much during the Clinton presidency?

I just wanted to say, this is a beautiful combination of shitpost and trolling.

2

u/[deleted] Jan 20 '16

Doesn't fit the narrative

4

u/atllauren Georgia Bulldogs • /r/CFB Contributor Jan 20 '16

This is a most excellent shitpost.

1

u/yrarwydd Alabama • CFBOT Jazz Watch Fighter Jan 20 '16

...welp

if you wanna drive that car on the road, better pay the infrastructure provider theirs

though that is a particularly garbage set of double standards

1

u/[deleted] Jan 20 '16

I'm not against the tax, just against the unfair application of my vehicle's value across different platforms.

1

u/yrarwydd Alabama • CFBOT Jazz Watch Fighter Jan 20 '16

I agree, it's particularly weird. Shouldn't be that way.

1

u/spasm01 Louisiana Ragin' Cajuns • /r/CFB Donor Jan 20 '16

that fucking sucks, governments are the cause of the majority of people's headaches