Nice New England cruise yesterday

Subfixer · 10-10-05, 08:24 AM

Got together with some of the folks from the "other" forum's NE section yesterday. I had the only C2 and other than one C4, the rest were C5's. Some nice machinery there. I was surprised that I was able to keep up with them as I have 2 less gears and much skinnier tires.

Pics are here:
http://forums.corvetteforum.com/sho...749&forum_id=40
and here:
http://forums.corvetteforum.com/sho...738&forum_id=40
and here:
http://forums.corvetteforum.com/sho...742&forum_id=40
and here:
http://forums.corvetteforum.com/sho...750&forum_id=40
and here:
http://forums.corvetteforum.com/sho...766&forum_id=40

BarryK · 10-10-05, 08:39 AM

Paul
great pics and it looks like everyone had a great time.
Good pic of you and Theresa around the table too

JL66REDCPE · 10-10-05, 08:44 AM

Paul - I was reading the thread in the NE events section of the forum you reference. I was wondering if that was your car especially since the group was from Conn.

10-10-05, 10:10 AM

Quote:

Originally Posted by JL66REDCPE

Paul - I was reading the thread in the NE events section of the forum you reference. I was wondering if that was your car especially since the group was from Conn.

thinkin the "SUBFIXER" license plate might give it away, although I admit that the fact that it is a NY tag might be confusing if you knew Paul to be a CT guy, Paul explained that to me once, but the logic must not have "taken" with me . . .

Subfixer · 10-10-05, 02:41 PM

Being active duty military, I'm still a NY resident. One of the perks is that I don't pay property taxes on the car and the initial sales tax was waived also.

Once I retire up here in CT, my residency will change, I'll get CT tags, and I gotta pay all the $%&##*&$$#$ taxes.

Remo · 10-10-05, 03:25 PM

Paul,

Thanks for the great pics. It looked like the weather cooporated for you guys. Rained like the devil up here in northern Mass. Lots of flooding and washed out roads. Won't be long before we have to put them away.

Thanks again,
Remo

10-10-05, 04:20 PM

Quote:

Originally Posted by Subfixer

Being active duty military, I'm still a NY resident. One of the perks is that I don't pay property taxes on the car and the initial sales tax was waived also.

Once I retire up here in CT, my residency will change, I'll get CT tags, and I gotta pay all the $%&##*&$$#$ taxes.

CT residents have the overall highest tax burden in the US - fact (sales tax + real estate tax + pers. property tax + state income tax)

JonM · 10-10-05, 06:12 PM

Paul and Jack...

You can get Antique plates here...then they can only tax you @ a 500.00 value.

Officially: My Car is Now a Senior Citizen

Subfixer · 10-10-05, 07:26 PM

Thanks for the tip. May just go that way. Too bad you can only get 5 characters. I liked the NY plates because I could get up to 8 characters. Just right for my handle. Guess I'll have to get creative.

JohnZ · 10-10-05, 07:43 PM

Quote:

Originally Posted by ctjackster

CT residents have the overall highest tax burden in the US - fact (sales tax + real estate tax + pers. property tax + state income tax)

What's "personal property tax"? Seriously...

JonM · 10-10-05, 08:33 PM

Quote:

Originally Posted by JohnZ

What's "personal property tax"? Seriously...

Any large idems such as your house, car, jewerly, boats, etc they can tax you every year by your town...its what keeps the town services alive.

Subfixer · 10-11-05, 07:34 AM

Quote:

Originally Posted by JohnZ

What's "personal property tax"? Seriously...

As Jon said... everything expensive that they know you have can be taxed. It's normally a tax levied by the town you live in. They get the vehicle ownership info through DMV. When I retire and become just another citizen, I'll be taxed for 4 vehicles, a camper and my boat. It's a percentage of the current year's value of the item. For cars, they use KBB or Edmonds in my town. The real estate taxes are another story around here. We get "re-valued" almost every year.

10-11-05, 08:32 AM

Quote:

Originally Posted by JonM

Paul and Jack...

You can get Antique plates here...then they can only tax you @ a 500.00 value.

Officially: My Car is Now a Senior Citizen

yes, registering your car in CT as an antique saves you $$ every year (since we get a "personal property tax" levied on each car we own here, with the mill rate varying by town, but if Antique registered, it's a flat $30 or something - I know because my 65 has antique tags on it for just this reason (were I to pay the tax on a $45k car, for instance, I'd be looking at $500 a year or so). Only downside for Paul is he'd lose the SUBFIXER tag because of limited space on those CT antique plates, although you can still get "vanity" tags - mine says "365 H"

10-11-05, 08:41 AM

Quote:

Originally Posted by JonM

Any large idems such as your house, car, jewerly, boats, etc they can tax you every year by your town...its what keeps the town services alive.

Actually, what keeps most of my town services alive is the REAL PROPERTY tax I pay (the personal property tax pales in comparison), although I guess I cannot complain because it (the real property tax rate) runs about half of what my friends over the line in NY pay.

Still, when you own 3-4 relatively new cars and motorcycles it kinda adds up every July when you get hit with a tax based on the current book value of each vehicle - we're talking a cumultive total into the thous . .

And they don't hit my boat, we must have had some boat lobbyists get us some relief on that. They do hit motorcycles, cars, etc. and if you don't attend to it perfectly and on time, they (your town) alerts the DMV and it really screws up registration of the vehicle, you then have to get a note from the town releasing the hold, ask me how I know . . . ..

JohnZ · 10-11-05, 04:40 PM

No "personal property tax" in Michigan - we have a state sales tax (6%) and state income tax (4.5%, with a deduction of up to $75K of retirement income from a qualified plan

), and real estate tax (which is generally around 30-35 mills, levied against the state equalized value of your home, which is 50% of its market value). Real estate tax increases are capped at the cost of living (our Headlee amendment), but that cap disappears for the next guy that buys your house - he pays based on a valuation of 50% of what he paid for the house, not what your assessed valuation was prior to sale. This avoids having older folks who live in their house all their life being taxed out of their home just because its value keeps appreciating.