Titles Unlimited -- Bail Bonds Blues?

[f4steri]

As a former employee of one of the Big Six accounting firms, I'll never forget the advice of the firm's tax partner. In effect, the government would like yopu to think that the taxes you pay is their money when in effect it is really yours. Therefor you have the right to keep as much of it as you can!!

[RICK LAKE]

weekend warrior. Too Start your an A$$. You can't even sign your own name to a thread. 2 You have live in Cali for 8-10 generation. Thats nice the American Indians have been here for more than 500 years. The goverment has screwed them out of the land they lived on at one time. The nice thing is that they are using our laws to get back what was theirs. I am 4 geeneration in N.J. Lived in the same town for 40+ years. I am half Irish and half English. Neither country is Commie. If you are upset over who living there,you can always move. If gold and wood and other naturial products had not been so abundent Cali would still be looking like your first gen for fathers saw it. Someone screamed gold and everybody came running. You are a bitter and sour person, I am sure you have good points, I don't like the crap the goverment pulls better than anyone else. Our town just voteed last year for 6 acre zoning. The 21 farms left in town are going nuts. 200,000.00 per acre is the going price. Developers are out of control. They make millions and DESTROY the town. The tax payer is left holding the bag. More schools,roads,traffic,and TAXES. The house I live in was built in 52. Total price 12.800.00$ I pay 5,000.00$ a year in taxes. What's wrong with this picture. I didn't send anybody to the west coast. 1 other point FDR wanted to save some beautiful parts of your state, other wise, the redwoods would all be gone, Eagles were on the edge of being gone forever. I am sure there are other plants, animals, locations, that would have been destroyed had it not been for some of his laws. If you are not happy with the laws in your area then run for Office. Govenor is a good place to start. Regan did, Eastwood did, maybe it's your turn. Step up to the plate. I have to go take my pills. I will e-mail you private if you want talk more about your problems. My name is Rick Lake

[JWheaton]

Thread gone bad -- wish I could delete it!

[RICK LAKE]

J wheaton The thread is not bad, just different opinions on the same topic. There is nothing wrong with this. Rick Lake

[Ron61]

There is nothing wrong with a difference of opinion, but I think maybe this thread should be in the lounge from the track it is taking.

Ron

[Turk]

I have my finger on the button. I am sure so does Ron.

TURK
CC Moderator

[NROTOXIN]

mrbruce, TU may not now but DID! title corvette, cobra "kit cars" for $200....get it right you have stated in the past they did not.
curtis

[StephenC]

If you want a little history on Argo1's continuing law enforcement comments as well as a little background on the CA affair, check out a related thread titled "Search Warrants and All".

Makes for interesting reading if you're in law enforcement (I'm a retired Michigan State Police Trooper).

Best Wishes to all!

By the way.............SPF #1696 to be delivered on Friday, July 25th. Now, all I need is an engine.

[mr bruce]

When you stand in front of the judge ,in court, and you are sworn to tell the truth, how can you justify your( insert MFG's name) Cobra replica, that was built anywhere between 1968-2003 is actually a 1965 automobile. That is what it all boils down to. TU only prosessed the info that was writen on the order blanks by their clients.( fantasy VIN numbers, purchase price ,etc.) If you was dumb enough to use their services, well, now you are paying the piper. Hang 'em high!

[DanElam]

Originally posted by Bart Carter
I bet at least 95% of all the people fudge the numbers to avoid taxes, including all government employees.

What? How do you figure that? I think most people are honest and like to think that most people who serve us in government play by the rules they help make. (Ok, maybe Congress is excepted.)

I don't like giving my money to the government any more than anyone else, but I am very grateful that our taxes are among the lowest in the world and that no country encourages - and rewards - people to take risks. I'll happily pay every penny I owe to help preserve that.

[stengun]

Howdy Everybody!

I love my country!! Not perfect, but it's the best!!!

[JWheaton]

Opinions -- Slamming people(s) is (are) not opinions. Debate regarding topics is great and appropriate. There are some posts on this thread that may be peoples opinions that should be left to themselves. I think that some people need to ask the question -- "would I say something like I am about to write to my family, social friends, or to a complete stranger? and still feel comfortable."



Lets hear some opinions on how people can check to see what needs to happen to be legally on the road if their Titles Unlimited documentation is not legal.


Turk -- No need to have your finger on the moderator button on this -- there have been a lot worse that don't get touched.


Jamie

[Double Venom]

Jamie,

Now THAT IS a good question. I procalim myself to be just one of maybe two or three experts on why you DO NOT use title company's like TU, but, unfortunately I have no idea how to reverse it.

DV...if "you" have used a company like TU and want to straighten it out before the knock comes on your door, I will try and find out how. Plead ignorance!

[Bart Carter]

Originally posted by DanElam I think most people are honest and like to think that most people who serve us in government play by the rules they help make. (Ok, maybe Congress is excepted.)

I don't like giving my money to the government any more than anyone else, but I am very grateful that our taxes are among the lowest in the world and that no country encourages - and rewards - people to take risks. I'll happily pay every penny I owe to help preserve that.

Dan, I think that people do fudge. For example, if a person orders anything out of state and is not charged sales tax, they are supposed to pay a "use" tax in CA, NV, and most other states as far as I know. Most people don't. If a person goes to dinner with friends and writes it off as a business expense, cheating the IRS? What about giving some clothes to charity and claiming more than they are really worth. What about doing something for someone and receiving something in return. Claimed on taxes? Is all bartering claimed? Buy some office materials and use them for personal use?

I could give examples forever, but you can see what I am saying. It all may be a matter of degree, but I can't believe most people claim everything they should.

[gary osborne]

Terry WAS a good cop and IS a good man regardless of what others WHO DO NOT KNOW him, the details of the case, or the obsticles created by an ambiguous FORMER registration law might think. The problem in CA reaches much further than what SOME commonly refer to on this site as "Cobras" (a misrepresentation in and of itself). How many titles were in question? Tens of thousands? There are not that many "Cobras" in North America let alone CA. This issue even stretches far beyond the scope of TU.

It is unfortunate that a few are so quick to condemn a person they do not know for something they do not understand - especially when they pretend to be spotless themselves. My company routinely settles lawsuits where no infractions exist because the cost to litigate is greater than the cost to settle. Private citizens often plead out a legal charge for no other reason than the cost to litigate and the risk of trial surpasses the cost of the plea bargain. It is SOOOOOOO easy to say that "I would pay anything and suffer any consequence to protect my good name" when it is hypothetical and there is nothing on the line. The FACTS are that most will not chance losing everything to make a stand on principle. I recently recieved a citation (driving) where I was innocent and could PROVE it. I wouldn't waste the time out of my day to save the chump change it cost me to pay the fine. That said, I have gotten away with speeding and other offenses along the way.

I consider myself an honest man. However, I would steal a loaf a bread if it meant my child would not starve. So make your judgements if you must but as the Bible says, "Before you pull the splinter from another's eye, remove the beam from your own". The greatest sin of all is passing judgement from the arrogant position of pretending that you are somehow "more righteous". I guess maybe I should take my own advice and delete this entire post. Naw!!!!!!!!!!

[Turk]

Gary, I am glad you decided to leave your post intact.
Otherwise we would have never been exposed to an alternative spelling of "obstacles".

[Gerry A.]

To the best of my knowledge, the way that TU was doing business is really not the way it is being portrayed in some of these posts.. As I understand it when someone applies for a title to said vehicle no matter what it might happen to be as they issue titles to many different kinds it is done in this manner.. 1. You fill out an application for a title to said vehicle by selling that vehicle to their dealership in whatever state they are operating in for said amt.. (stated by you on this application) you provide them with description of vehicle vin number and specifics about it. 2. you provide a processing fee for this transaction, including fees required to obtain registration in that state essentially turning over the vehicle to them (on paper). They obtain registration for the vehicle and then sell it back to you at the same price you sold it to them and they provide the documentation necessary for you to title it in your state. Now please forgive me if this sounds silly, but I don't see the problem either you or the state of california is having about the issue, as far as the title transfer part goes that is. It seems pretty simple to me. If I sell a vehicle to someone and they sell it back to me for the same price the value of the auto isn't in question and taxes should only be paid on what I actually paid for the car, what they sold it to me for. The example of the divorce case is the valid argument here. if I only pay 10 percent of the value of a car should I pay taxes on that or what the car is worth.. I say on what I paid regardless of the value. and I'm sure 100 precent of you will agree with that. I'm not paying taxes on money I haven't spent. Secondly what something is valued at is at best very fluid. What I think it's worth and what someone else values it at may be worlds apart. If I buy something for 30,000 and later it's found to be valued at say 300,000 should my taxes be based on that or the 30? hopefully the 30,000 or we are all in trouble. In any case I don't see the problem here. from what I've been told about the proceedure it was totally legit. you sell them a car made whenever for said amt. they sell it back to you for the same amt with papers from another state and bingo you just bought a car for say 10,000.00 from TU in say Alabama, and you take the papers to DMV in say CA. and title it in your name, pay taxes on the 10,000 you paid for it and you are off and running, where is the issue here? At least if I were an attorney that's what I'd argue but I'm not and I'm also sure everyone reading this will slam me 10 ways to Sunday but oh well I'll survive...

[mr bruce]

again: "Title Washing", plain and simple.

[Charlie]

For a car that is built up by the owner from a kit, and parts, there is no easy line as to the value for taxation purposes. Depending on where you bought the parts, you may have already paid taxes on a substantial portion of the car piece-meal. Therefore, the final value is not relevant for taxation at registration. Taxing again at registration based on final value would be double taxation. Of course, you would need to keep very detailed records of all the little pieces you bought that went into building the car and which ones were already taxed.

[Jackffr1846]

If you build a car in Mass, you go to the registry (our name for DMV) with a stack of receipts that have been stamped by the state police as having been checked out. If you're smart, you provide a spread sheet with a list of parts that you did not pay tax on. In my case, that was the donor car. The kit company is in my state, so I had to pay tax when I bought it. Now, the state collected their 5% on whatever I didn't already pay it on. Pretty painless and simple.

Now, I go in with a project 1951 Ford truck, that I bought from the original owner for $300. Notarized bill of sale. Guess what? It doesn't matter to the registry. They get their value from the Mass Department of Revenue. I would guess that the DOR has been looking into values of restored old vehicles because they placed the value at $3500. I paid 5% of $3500 to get myself a valid title....plus the $50 for the title itself.

That brings me to wonder......if the Mass DOR did a canvas of "real" 65 Cobras, what might they find. $500k? So, for someone who "sold" their Cobra to TU for say $10k and bought it back for $10k, the DOR provides a value of $500k, you get the privilage of paying $25,000 in sales tax. And guess what? You can appeal the tax (I did on the '51 with pix of the unrestored hulk and copies of all kinds of notarized documents) and they just say "no". I have not heard of this happenning yet, but I certainly would not want to be the first to have this happen to.