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Old 05-22-2023, 11:39 AM
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HighPlainsDrifter HighPlainsDrifter is offline
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Join Date: Jul 2000
Location: Chilliwack,BC, BC
Cobra Make, Engine: F5 Roadster
Posts: 1,422
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Default tax scam

Hi,
I think there are a number of rich guys that scheme to buy cars and sell them in a couple years for higher prices. They do not pay taxes on the difference. So say they buy it for $400,000 and sell for $550,000. they have a $150000 profit and do not pay capital gains on it. The bad thing is the average guy is outpriced from a cool car.
perry
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F5 cobra Mark 4 roadster, **SOLD** Ruby Wine Red with pearl,
dual 2" roll bars, warmed up 302, Edelbrock AVS carb and heads, E Street aluminum Heads, Comp cam and roller rockers, AOD, 4.10 Eaton Posi, Power Baer/disc brakes, block hugger headers, 2 1/2" under car exhaust, F500 18" black spoke wheels.
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