http://cache.jalopnik.com/assets/base/img/thumbs140x140/jalopnik.com.png http://jalopnik.com/tag/taxes http://jalopnik.com/tag/taxes London Mayor Boris Johnson says President Barack Obama's motorcade has to pay the city's $16-per-vehicle congestion tax for every trip in the city. Clearly a ploy by the crafty socialist to give Obama some credibility with the Tea Party patriots. More »
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The streets of New Delhi, India, have more than their share of traffic from vehicles of all kinds. New to the list: more than 40 Porsches, Aston Martins and other luxury cars abandoned by owners worried about tax evasion charges. More »
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A draft of a transportation bill written by the Obama administration sets out a plan for taxing drivers for every mile they drive. The idea has backers in Congress who say fuel taxes won't keep paying for roads much longer. It won't work. But here's a plan that will. Update! More »
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The U.S. Internal Revenue Service suspects Nissan North American may have used Bermuda to wrongly shelter some income from U.S. taxes. The agency won a federal court order last week forcing Nissan to surrender paperwork on contracts worth $45.9 million. More »
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A Nebraska car collector has been charged with avoiding sales taxes on 150 vehicles in his private collection. Nebraska State Troopers say Mark Pieloch, 52, will turn himself in on one felony charge of tax evasion. [ConcoursBlog.com] More »
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The U.S. Department of Treasury today announced a tax deduction for the purchase of new motor vehicles is available in states that don't have a sales tax. The deduction's limited to fees or taxes paid up to $49,500. More »
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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 way to go? Is it blasphemy? Start the debate below. More »
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The Honda Civic hybrid is the latest victim of the hybrid tax break exemption. Beginning on July 1, the tax credit for owning a Honda Civic hybrid will be sliced in half, from $1,050 to $525, on its way down to zero. If you recall, owners of hybrid vehicles are only eligible for the full tax credit until the manufacturer sells 60,000 units of that particular hybrid vehicle. Then a phase-out process begins, eventually reducing the credit to nothing except that warm glow you get from the batteries exploding saving the planet. More »
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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 Lucerne, for which the US Taxpayer pays $808 a month. All have chosen to take advantage of the benefit on offer to any member of the US House of Representatives: any car of their choice leased for them with no price limit and all expenses, including gas, paid for. More »
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We're there again, that part of the year when the bony finger of Uncle Sam slips its way into your wallet and takes what it deems to be a fair share of your hard earned money. That's right, it's tax season. That time honored tradition of putting everything off until the last minute then filing as close to midnight on April 15th as possible will be once again in full glory, and local TV will once again run 11PM news coverage of the blessed event. But how about we talk about lowering those taxes the only way we know how *— with your car. More »
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Remember all that money you were going to save on taxes thanks to that LS 600h L you bought last week? You don't? Good, because it doesn't exist. The federal tax credit for new hybrids is limited to a certain number of vehicles and Toyota has hit that mark. If you're the owner of a Toyota or Lexus purchased before October 1st you're still eligible (after that you're SOL). Of course, you still qualify for up to $3,000 in credits if you buy a hybrid from Ford, GM, Honda or Nissan. [Houston Chronicle via HybridCars] More »
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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 tax collectors agreed. There's an interesting balance at work here. On one hand, car sharing services (like rental car companies) utilize public roads and benefit from many public entities and should therefore pay taxes. On the other hand, the company does pay taxes on its income, gas, payroll, et cetera and helps the city lower its congestion by allowing numerous people to use one car. In the end, what happens will be a matter of who is willing to fight harder for/against the exemption. [Marketplace] More »
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Now I've bought quite a few car parts on eBay; in addition to having more used parts than the biggest junkyard you ever saw, eBay is also a great source for NOS stuff. It was a relief when the pawnbrokers weren't able to ram through their pet bill requiring California eBay sellers to get fingerprinted and licensed, but now there's pressure looming to get eBay to report all sellers' transactions to The Man. Since big-time eBay sellers already report their income to the IRS or face the steely glare of auditors- The Man knows when you're making real money on eBay, because unless your buyers pay cash (not bloody likely) the money's gonna hit a bank account at some point- this would have the effect of scaring away all the guys selling the box of old parts gathering dust in the garage. – Murilee Martin More »
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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 large-car drivers who live inside the zone. This just strikes us as crazy. Bonkers. Nuts. And entirely unfair. – Davey G. Johnson More »
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