300% increase for boat reg

[madcalfe]

don't feel bad. in British Columbia if you privately buy a boat from someone you have to pay 12% tax on the boat before you register it. so you buy a used boat for say 70,000$ you have to foot out a additional 8400$ in taxes on top of registration fees...

 

[Beendare]

It sure looks like Newsom is running for president. The boat reg is only the tip of the iceberg and I don’t want to turn this too political by listing all of the terrible policy or hypocrisy from this clown.
The 4% added fee applies to any piece of property; a ranch or farm thats been in your family for years, a commercial property you own or in partnership…or in an investment group.

Newsom brags that the Ca economy is a massive stand alone economy- which is a bald faced lie. He uses the money the Federal gov gives CA as part of the GDP numbers.

Heres a link that gives the real breakdown of where the decades long rulers in CA have taken us
Alt Market.US
From the link;
As of the most recent tax year for which figures are available, Californians paid $234 billion in federal income taxes. However, the state has already been allotted over $390 billion in funds from the federal government so far in 2023 and the year is only half done.

Not only that, but CA took even MORE federal money from 2020 – 2022 ($400 billion to $500 billion) each year. Meaning, on average, CA is taking around $150-$200 billion more in federal money than it pays back in federal taxes every year.

Gavin Newsom often brags about California’s amazing budget surplus during covid, but the reality is that all of that cash was fed to the state by the federal government and the federal reserve printing press. For example, California defaulted on almost $19 billion in unemployment debt during their lockdowns, which they then had to borrow from the federal government to cover. They then passed that debt on to struggling business owners, forcing them to shoulder the burden through extra taxation while Newsom expanded deficit spending.
——-
So next time you hear the presidential candidate Newsom bragging about his supposed success…you know its a lie.

 

[Beendare]

don't feel bad. in British Columbia if you privately buy a boat from someone you have to pay 12% tax on the boat before you register it. so you buy a used boat for say 70,000$ you have to foot out a additional 8400$ in taxes on top of registration fees...

Wow

 

[fulldraw1972]

don't feel bad. in British Columbia if you privately buy a boat from someone you have to pay 12% tax on the boat before you register it. so you buy a used boat for say 70,000$ you have to foot out a additional 8400$ in taxes on top of registration

Wow 12% is steep.
In Mn you pay a sales tax on the trailer but not the boat when buying from a private seller.
The trailer sales tax is 6.5%.

 

[madcalfe]

Wow 12% is steep.
In Mn you pay a sales tax on the trailer but not the boat when buying from a private seller.
The trailer sales tax is 6.5%.

you have to pay 12% on anything bought from a private seller...
Dirtbikes, Quads, boats. anything that need to be registered.. so dumb
and to think take my jet boat for a example the first guy that bought it paid 80G from dealership.
so he paid 9600$ in sales tax. fast forward to me buying it 2nd hand at 70g that's another 8400$ the government makes... were up to 18,000$ the government has made off of said 80,000$ boat.
The systems a joke. I don't register any of my toys. ill take the 500$ no registration ticket.