05-18-2021, 02:30 PM | #547 |
1st86 Driver!
Join Date: Feb 2012
Drives: '13 FR-S (#3 of 1st 86)
Location: Powder Springs, GA
Posts: 19,811
Thanks: 38,817
Thanked 24,936 Times in 11,375 Posts
Mentioned: 182 Post(s)
Tagged: 4 Thread(s)
|
Yes, since they typically use more fuel.
__________________
Visit my Owner's Journal where I wax philosophic on all things FR-S Post your 86 or see others in front of a(n) (in)famous landmark. What fits in your 86? Show us the "Junk In Your Trunk". |
The Following 2 Users Say Thank You to Dadhawk For This Useful Post: | Spuds (05-18-2021), WolfpackS2k (05-19-2021) |
05-18-2021, 02:51 PM | #548 | |
-
Join Date: Nov 2012
Drives: '13 FRS - STX
Location: SF Bay Area
Posts: 10,364
Thanks: 13,732
Thanked 9,476 Times in 4,997 Posts
Mentioned: 94 Post(s)
Tagged: 3 Thread(s)
|
Quote:
Outrage: not found Amusement: high that this thread is still alive edit; fuck beaten to the punch. |
|
The Following User Says Thank You to strat61caster For This Useful Post: | Tcoat (05-19-2021) |
05-18-2021, 02:59 PM | #549 | |
1st86 Driver!
Join Date: Feb 2012
Drives: '13 FR-S (#3 of 1st 86)
Location: Powder Springs, GA
Posts: 19,811
Thanks: 38,817
Thanked 24,936 Times in 11,375 Posts
Mentioned: 182 Post(s)
Tagged: 4 Thread(s)
|
Quote:
Not sure how recent this article is.
__________________
Visit my Owner's Journal where I wax philosophic on all things FR-S Post your 86 or see others in front of a(n) (in)famous landmark. What fits in your 86? Show us the "Junk In Your Trunk". |
|
The Following User Says Thank You to Dadhawk For This Useful Post: | strat61caster (05-18-2021) |
05-18-2021, 03:32 PM | #550 | |
Rice King
Join Date: Jul 2017
Drives: '19 FWD master race CTR
Location: The land of the North
Posts: 2,887
Thanks: 1,079
Thanked 2,001 Times in 1,203 Posts
Mentioned: 25 Post(s)
Tagged: 0 Thread(s)
|
Quote:
__________________
Glorious Honda.
Know my 5x120 GREATNESS PEASANTS. |
|
05-18-2021, 03:58 PM | #551 | |
Senior Member
Join Date: Apr 2013
Drives: 2005 Toyota Camry
Location: 91745
Posts: 6,562
Thanks: 493
Thanked 6,093 Times in 3,029 Posts
Mentioned: 95 Post(s)
Tagged: 3 Thread(s)
|
Quote:
I offset/spread enough of my income on an annual basis to the point where zero state income tax is not an incentive for me to move. But I'm also not at the point where 95%+ of my income could be taxed at the highest bracket... Edit: I should add that "payout" in my previous post is what he is compensated for. If/when he turns that into reported income is when all this matters, he's purely doing it for PR reasons as to not receive bad press. But he's already semi-manipulating the markets by constantly talking about crypto. |
|
05-18-2021, 08:41 PM | #552 | |
Senior Member
Join Date: Mar 2017
Drives: Q5 + BRZ + M796
Location: Santa Rosa, CA
Posts: 7,883
Thanks: 5,668
Thanked 5,804 Times in 3,299 Posts
Mentioned: 70 Post(s)
Tagged: 0 Thread(s)
|
Loosely, typically. We have a Q5 with the 3.0T, but the standard 2.0T is heavier than the Q3, but has better fuel economy because it has two more gears in the transmission, among other things.
https://www.caranddriver.com/news/a2...-fuel-economy/ I'm not saying the EV tax isn't logical. I'm just saying it isn't about vehicle weight. Quote:
https://www.motortrend.com/news/2024...cs-comparison/
__________________
My Build | K24 Turbo Swap | *K24T BRZ SOLD*
|
|
The Following User Says Thank You to Irace86.2.0 For This Useful Post: | Dadhawk (05-18-2021) |
05-18-2021, 09:23 PM | #553 | |
Senior Member
Join Date: Mar 2017
Drives: Q5 + BRZ + M796
Location: Santa Rosa, CA
Posts: 7,883
Thanks: 5,668
Thanked 5,804 Times in 3,299 Posts
Mentioned: 70 Post(s)
Tagged: 0 Thread(s)
|
Quote:
I guess my main point is that he cashes out such a small percentage of his wealth that A) the 13% or less in California taxes is a drop in the bucket, and B) he has all the time in the world to figure out how to avoid taxes for the bulk of his wealth in the future. Say he cashed out $10 million, and he has to pay $1.3 million in California taxes, but he is worth $150 billion, then he just cashed out 0.0066% of his wealth and paid 0.00086% of his wealth in taxes, which is analogous to a person who has $100k in savings cashing out $660 of their 401k and paying $86 in taxes. Probably not something that would cause anyone to bail from California. Maybe he plans to start dumping his stocks.
__________________
My Build | K24 Turbo Swap | *K24T BRZ SOLD*
|
|
05-18-2021, 09:34 PM | #554 |
1st86 Driver!
Join Date: Feb 2012
Drives: '13 FR-S (#3 of 1st 86)
Location: Powder Springs, GA
Posts: 19,811
Thanks: 38,817
Thanked 24,936 Times in 11,375 Posts
Mentioned: 182 Post(s)
Tagged: 4 Thread(s)
|
To avoid US income tax he would have to give up his US citizenship. A US citizen has to pay income tax regardless of where it is earned, for the very reason you describe.
__________________
Visit my Owner's Journal where I wax philosophic on all things FR-S Post your 86 or see others in front of a(n) (in)famous landmark. What fits in your 86? Show us the "Junk In Your Trunk". |
05-18-2021, 09:35 PM | #555 |
1st86 Driver!
Join Date: Feb 2012
Drives: '13 FR-S (#3 of 1st 86)
Location: Powder Springs, GA
Posts: 19,811
Thanks: 38,817
Thanked 24,936 Times in 11,375 Posts
Mentioned: 182 Post(s)
Tagged: 4 Thread(s)
|
I agree, I'm just hoping this doesn't lead to a standardized non-fuel road tax, which has been suggested in the past (one where you have to report mileage every year).
__________________
Visit my Owner's Journal where I wax philosophic on all things FR-S Post your 86 or see others in front of a(n) (in)famous landmark. What fits in your 86? Show us the "Junk In Your Trunk". |
The Following User Says Thank You to Dadhawk For This Useful Post: | Spuds (05-18-2021) |
05-18-2021, 10:27 PM | #556 |
Senior Member
Join Date: Mar 2017
Drives: Q5 + BRZ + M796
Location: Santa Rosa, CA
Posts: 7,883
Thanks: 5,668
Thanked 5,804 Times in 3,299 Posts
Mentioned: 70 Post(s)
Tagged: 0 Thread(s)
|
We aren't talking about Federal taxes. We are talking mostly about state taxes because he moved out of state to avoid state taxes, apparently. Part of that was saying if he lived in Ireland or Thailand, but had a residence in Texas then does he pay Texas taxes...well, Texas doesn't have state income tax, but would he pay California income tax? My uncle and aunt have a house in Georgia, a lake house in North Carolina and a ski house in Aspen Colorado, but I don't think they have to pay state income taxes in Georgia, North Carolina and Colorado. Say they gave themselves stock options in their company when the company or when they were/lived in Georgia, but they excised those stock options when they retired in California and when the company moved to Oregon: what state do they pay taxes from?
__________________
My Build | K24 Turbo Swap | *K24T BRZ SOLD*
|
05-18-2021, 10:28 PM | #557 |
Senior Member
Join Date: Mar 2017
Drives: Q5 + BRZ + M796
Location: Santa Rosa, CA
Posts: 7,883
Thanks: 5,668
Thanked 5,804 Times in 3,299 Posts
Mentioned: 70 Post(s)
Tagged: 0 Thread(s)
|
I already do that on my insurance to get a reduced premium. I know it would be bad for you because you travel far to work, but is it unfair to you?
__________________
My Build | K24 Turbo Swap | *K24T BRZ SOLD*
|
05-19-2021, 12:12 AM | #558 | |
Senior Member
Join Date: Apr 2013
Drives: 2005 Toyota Camry
Location: 91745
Posts: 6,562
Thanks: 493
Thanked 6,093 Times in 3,029 Posts
Mentioned: 95 Post(s)
Tagged: 3 Thread(s)
|
Quote:
Oh, he moved the foundation to Texas last year too. https://www.vox.com/recode/22221173/...lthiest-person |
|
The Following User Says Thank You to mav1178 For This Useful Post: | Dadhawk (05-19-2021) |
05-19-2021, 07:22 AM | #559 | |
1st86 Driver!
Join Date: Feb 2012
Drives: '13 FR-S (#3 of 1st 86)
Location: Powder Springs, GA
Posts: 19,811
Thanks: 38,817
Thanked 24,936 Times in 11,375 Posts
Mentioned: 182 Post(s)
Tagged: 4 Thread(s)
|
Quote:
I have quite a few fellow employees that live in Alabama but work in Georgia. They have to file in both states, Georgia as a non-resident and Alabama as a resident. You would though, pay only one tax, that of your home state as the money can only be taxed once. My employer withholds state taxes based on your address of record. At the other end of the state, if you live in Georgia (6% tax) and work in Florida (0% tax) you would pay Georgia tax. Live in Florida and work in Georgia? You still pay the Georgia income tax. As I recall, earnings on stock options are considered regular income rather than capital gains. I could be wrong on that portion though.
__________________
Visit my Owner's Journal where I wax philosophic on all things FR-S Post your 86 or see others in front of a(n) (in)famous landmark. What fits in your 86? Show us the "Junk In Your Trunk". |
|
The Following User Says Thank You to Dadhawk For This Useful Post: | Irace86.2.0 (05-19-2021) |
05-19-2021, 07:28 AM | #560 | |
1st86 Driver!
Join Date: Feb 2012
Drives: '13 FR-S (#3 of 1st 86)
Location: Powder Springs, GA
Posts: 19,811
Thanks: 38,817
Thanked 24,936 Times in 11,375 Posts
Mentioned: 182 Post(s)
Tagged: 4 Thread(s)
|
Quote:
So, if it fully replaces the gas tax AND it takes into account fuel economy, I'm OK with it. The state already knows how much I drive every year anyway because I'm in an emissions testing area.
__________________
Visit my Owner's Journal where I wax philosophic on all things FR-S Post your 86 or see others in front of a(n) (in)famous landmark. What fits in your 86? Show us the "Junk In Your Trunk". |
|
The Following User Says Thank You to Dadhawk For This Useful Post: | Irace86.2.0 (05-19-2021) |
|
|
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Tcoat banned? | Hotrodheart | Off-Topic Lounge [WARNING: NO POLITICS] | 95 | 07-06-2019 01:46 AM |
Does anyone know why pansontw got banned? | Soloside | Off-Topic Lounge [WARNING: NO POLITICS] | 17 | 10-26-2018 04:20 AM |
Got banned from gf's complex | jdmblood | Other Vehicles & General Automotive Discussions | 11 | 07-12-2015 12:46 PM |
Why have so many users been banned? | xuimod | Site Announcements / Questions / Issues | 9 | 03-08-2015 02:23 PM |
Banned Toyota GT 86 Advert Banned | Nevermore | FR-S & 86 Photos, Videos, Wallpapers, Gallery Forum | 9 | 11-16-2012 07:27 PM |