Gas to rise 7 cents a gallon, registration fees 20 percent for road plan

my uncle in colorado pays around $600 for plates in colorado on a year old $30,000 car
 
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Over all, Colorado is a better tax state than most....


Where does Colorado rank for tax burden?

http://www.bizjournals.com/denver/news/2015/03/23/where-does-colorado-rank-for-tax-burden.html

Colorado middle-income earners carry an average 8.73 percent tax burden as a percentage of their income, while high-income earners in the state carry a 7.26 percent tax burden — lower than most states.

That's according to a new WalletHub study that ranks all 50 states for the burden on taxpayers as a percentage of income.

Overall, the state ranks 17th lowest for middle-income earners and 16th lowest for high-income earners. It also ranks 14th for low-income earners, who carry an 8.68 percent tax burden as a percentage of income.

A separate report from the Institute of Taxation & Economic Policy (ITEP) found that many taxes, such as payroll, sales and state and local taxes, are regressive, meaning they take relatively more money from Americans in the low- to middle-income brackets.

The ITEP report found that people with the lowest incomes, at 20 percent, pay 10.9 percent in average effective state and local tax rates, while the middle 20 percent pay 9.4 percent. The top 1 percent pay 5.4 percent.

Financial analyst website WalletHub's study factored estimates of the state-specific tax burden on residents at three average income levels — low ($25,000), medium ($50,000) and high ($150,000). WalletHub then applied a regression model to estimate the relationship between income and tax burden for each state.

The best state for all-income earners when it comes to tax burden was Alaska, ranking No. 1 among all 50 states. Delaware and Montana proved to be among the best for low-income workers, while Wyoming and Nevada landed in the top three for high-income workers.

Delaware and Nevada, along with Alaska, were the states best for middle-income workers.



2015’s Best States to Be Rich or Poor from a Tax Perspective...

https://wallethub.com/edu/best-states-to-be-rich-poor-from-a-tax-perspective/11257/
 
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There is some misinformation in this thread. Hopefully this clear up some facts.

Key pieces of the legislation included:
• 7.3 cent per gallon tax increase on gasoline
• 11.3 cent per gallon tax increase on diesel fuel
• 20% increase in vehicle registration fees
• $600 million in revenue from the General Fund
For a detailed explanation of the entire package, please use the following link to an MLIVE article that does an excellent job of breaking in down:

http://www.mlive.com/lansing-news/index.ssf/2015/11/inside_michigans_new_road_fund.html#incart_email

--Joe
 
4Gas$ said:
Over all, Colorado is a better tax state than most....


Where does Colorado rank for tax burden?

http://www.bizjournals.com/denver/news/2015/03/23/where-does-colorado-rank-for-tax-burden.html

Colorado middle-income earners carry an average 8.73 percent tax burden as a percentage of their income, while high-income earners in the state carry a 7.26 percent tax burden — lower than most states.

That's according to a new WalletHub study that ranks all 50 states for the burden on taxpayers as a percentage of income.

Overall, the state ranks 17th lowest for middle-income earners and 16th lowest for high-income earners. It also ranks 14th for low-income earners, who carry an 8.68 percent tax burden as a percentage of income.

A separate report from the Institute of Taxation & Economic Policy (ITEP) found that many taxes, such as payroll, sales and state and local taxes, are regressive, meaning they take relatively more money from Americans in the low- to middle-income brackets.

The ITEP report found that people with the lowest incomes, at 20 percent, pay 10.9 percent in average effective state and local tax rates, while the middle 20 percent pay 9.4 percent. The top 1 percent pay 5.4 percent.

Financial analyst website WalletHub's study factored estimates of the state-specific tax burden on residents at three average income levels — low ($25,000), medium ($50,000) and high ($150,000). WalletHub then applied a regression model to estimate the relationship between income and tax burden for each state.

The best state for all-income earners when it comes to tax burden was Alaska, ranking No. 1 among all 50 states. Delaware and Montana proved to be among the best for low-income workers, while Wyoming and Nevada landed in the top three for high-income workers.

Delaware and Nevada, along with Alaska, were the states best for middle-income workers.



2015’s Best States to Be Rich or Poor from a Tax Perspective...

https://wallethub.com/edu/best-states-to-be-rich-poor-from-a-tax-perspective/11257/
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Good info in that link. Two noteworthy things:

Looks like Michigan is middle of the road when it comes to taxation on poor, middle, and upper class. So basically, nobody wins.

Also, one thing not captured is insurance cost, which is basically a tax.

Bottom line: Michigan = high priced shithole.
 
paul09 said:
Good info in that link. Two noteworthy things:

Looks like Michigan is middle of the road when it comes to taxation on poor, middle, and upper class. So basically, nobody wins.

Also, one thing not captured is insurance cost, which is basically a tax.

Bottom line: Michigan = high priced shithole.
Click to expand...


Also don't forget, that info is based on taxes / costs before
this most recent tax increases!

(And all the other ones to follow!)
 
There is not one good person in politics today...everyone is corrupt...everyone is only out for their own personal gain. Fuck all of them.
 
Montana LLC thing probably won't last much longer. Lots of people with exotic cars have done it for years, but some states will come after you for it. California has a website where you can report your Montana-plated tax-evading neighbors. Some states will monitor where RVs are garaged and send you the tax bill.

Don't think it's worth it to be in a legal grey area like that.
 
DBK said:
Montana LLC thing probably won't last much longer. Lots of people with exotic cars have done it for years, but some states will come after you for it. California has a website where you can report your Montana-plated tax-evading neighbors. Some states will monitor where RVs are garaged and send you the tax bill.

Don't think it's worth it to be in a legal grey area like that.
Click to expand...


"In fairness, I did find one case where the Michigan Department of Treasury sued a Montana LLC for over $40,000 in taxes and penalties and the RV owner won on appeal. It was a convoluted set of facts in which the RV owner was a Michigan resident but actually purchased the RV in Florida, registered the RV in Montana under an LLC, and did not enter Michigan with the RV for about a year after purchase. It was a clear case of intentional tax avoidance, but the laws of both Michigan and Florida had enough leeway and the circumstances were just right so that the RV owner didn't have to pay Michigan.

That RV owner's LLC was in fact set up by the Bennett Law Office and the RV owner didn't buy the RV in his residence state as suggested by the law firm; however, though the RV owner won on appeal, it still didn't prevent him from getting sued. And the decision very, very easily could have gone the other way."
 
4Gas$ said:
Good thing I live 20 miles from the Ohio border....and all those Ohio gas stations :naughty1:
Click to expand...

mdhmi said:
Apparently your time isn't worth anything.
Click to expand...

4Gas$ said:
Apparently you have money to burn?
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I guess so as I value my time and support of Michigan infrastructure far more than $1-3 per tank of fuel or $120 a year in added registration fees.

I don't want to pay any more than necessary, but registering your vehicles in a state you don't live in, etc is nothing beyond stealing in my opinion.

We all use our roads and we should all contribute to maintaining them.
 
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4Gas$ said:
"In fairness, I did find one case where the Michigan Department of Treasury sued a Montana LLC for over $40,000 in taxes and penalties and the RV owner won on appeal. It was a convoluted set of facts in which the RV owner was a Michigan resident but actually purchased the RV in Florida, registered the RV in Montana under an LLC, and did not enter Michigan with the RV for about a year after purchase. It was a clear case of intentional tax avoidance, but the laws of both Michigan and Florida had enough leeway and the circumstances were just right so that the RV owner didn't have to pay Michigan.

That RV owner's LLC was in fact set up by the Bennett Law Office and the RV owner didn't buy the RV in his residence state as suggested by the law firm; however, though the RV owner won on appeal, it still didn't prevent him from getting sued. And the decision very, very easily could have gone the other way."
Click to expand...

I'm aware that people get away with it, which is why I said it probably won't last much longer.

Yeehaw I saved a couple thousand bucks but got dragged into court.
 
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