Flowing Downhill: Vehicle Title Tax.

These people just don't get it: General Assembly is considering a title tax (currently: 7%, capped at $2000) to replace current sales and property taxes. (A) A state title fee in the amount equal to the lesser of $1,000.00 or an amount equal to 3.5 percent of the value of such vehicle as determined under the uniform evaluation of all motor vehicles prepared by the state revenue commissioner under Code Section 48-5-442; and (B) A local title fee in the amount equal to the lesser of $1,000.00 or an amount equal to 3.5 percent of the value of such vehicle as determined under the uniform evaluation of all motor vehicles prepared by the state revenue commissioner under Code Section 48-5-442. The cap on this fee exposes the intent: dealer support. Combined, they form a 7% tax with a $2000 cap; that means tax burden ceases around the $28,500 mark..., with breakeven being north of there, depending on ownership duration and local sales tax rates. Any car sold or given privately, for any price, will carry a new fee (not necessarily made more expensive, as the tax will be built into prices, etc).

posted at: 23:50 | permanent link to this entry

Rehash: Wikileaks tells of The Dirty Bomb that Disappeared. Grandstanding aside, the article is relevant. Some Nazi or another was supposedly working on a dirty bomb, and the guy's wife shot him when she found out. Bangor Daily News has the scoop (without Mr. Assange's pretentious grandstanding).

posted at: 20:36 | permanent link to this entry