Do I Have To Pay Income Tax If I Sell My Car Privately?

I was at a luxury car dealer and they clearly gave me a low-ball offer on my trade. When I told them that I would rather sell it privately, they said “Well, if you do that you will have to pay thousands of dollars in income tax.” This sounds fishy to me, can the IRS tax you on a private sale? »4/23/15 3:29pm4/23/15 3:29pm


You Think Your Taxes Are Bad? NASCAR Drivers Have To File In 20 States

Today, April 15th, is Tax Day. And you think this is a problem for you, because you are ever-so-slightly disorganized. But today should be the one day you thank the Lord On High that you are not also a NASCAR driver, because doing a NASCAR driver’s taxes is a pit of the deepest, darkest, hottest hellfire. UPDATE »4/15/15 4:26pm4/15/15 4:26pm

Amazon's Deeply Discounting Tax Software Today, Plus More Deals

If you still haven't settled up with Uncle Sam, Amazon's offering terrific prices on H&R Block Tax Software, today only. Prices start at just $17 for the Deluxe edition (compared to $45 when purchased directly from H&R Block's website), and stretch up to $37 for Premium & Business (compared to $80). »3/01/15 9:05am3/01/15 9:05am

Gentlemen, Start Your Tabs: Wert On CNBC This Afternoon Talking SUV Taxes

Yet another round of the official car pundit drinking game today at 2:20 pm (EST) as our very own Wert wrestles with the topic of taxing them big-ass sport utility vehicles on CNBC. While it may not be as much fun as what Siler is wrestling with, we get to watch the destruction live. Do you think taxing SUVs is the… »8/13/08 1:30pm8/13/08 1:30pm

NY Times Reveals Congressmen Have Bad Taste In Cars, No Eye For A Deal

Representative Michael R. McNulty pays $816 for a 2007 Mercury Mariner Hybrid, which he chose for its utility. Representative Redolphus Towns pays $715 a month for his Lincoln MKX, he bought it to save money on fuel. Representative Louise M. Slaughter needed a car that handled safely in the snow, so she picked a Buick… »5/01/08 10:20am5/01/08 10:20am

Car Sharing to Get More Tax-ing in Washington State

Flexcar/Zipcar users around Washington State are going to see the price of their car sharing rise this week as a nearly 10% car rental tax is going to be applied to their services. The rental car companies were displeased with the exemption for car sharing since they consider their services comparable, and the state's… »11/02/07 11:15am11/02/07 11:15am

Something About England: London to Triple Congestion Tax on Large Cars

Holy crap. Has Red Ken gone entirely friggin' starkers? As reported previously, London mayor Ken Livingstone plans to increase the congestion charge on large cars and SUVs to 25 quid (currently $47.50), while ditching it for drivers of electric cars and hybrids. He's also planning to ditch the 90% discount for… »11/14/06 3:30pm11/14/06 3:30pm