[rocco90]

I know that it vary a lot for Country / State / County, just curios what numbers could be.

[Needsdecaf]

Originally Posted by rocco90

I know that it vary a lot for Country / State / County, just curios what numbers could be.

VA is the first state I have lived in that actually has personal property tax, so you many not get a lot of answers..

[gimmes name]

.00175

[Touring]

I paid about 60 000 dollars on sales tax on mine.

If I bought a 550xi I would have paid about 150 000 dollars just in tax.

Just to put your numbers in perspective

[Whteverjklasdf]

almost 60%

[BobRBob]

Rocco90, what is personal property tax? I've never heard the term.

In Ontario, we have what's called the HST (Harmonized Sales Tax). It's a value added sales tax which is 15% on most goods and services. So, on a $60K car, the HST is $9K.

High, but nothing compared to Oslo and Hong Kong.

[rocco90]

Originally Posted by BobRBob

Rocco90, what is personal property tax? I've never heard the term.

In Ontario, we have what's called the HST (Harmonized Sales Tax). It's a value added sales tax which is 15% on most goods and services. So, on a $60K car, the HST is $9K.

High, but nothing compared to Oslo and Hong Kong.

In Virginia every year the county/city will charge a tax on your car based on what they think your car's worth. They use NADA values I think.
So for base MSRP of 535i the annual property tax is almost $2000 not including options.
As the BMW keeps their value so it does the tax as well. It doesn't make much sense to pay for example tax on your GPS every year even if it comes as a free option from the dealership, but that's what the reality is...

[Touring]

If you get paid 200 000 dollars in income in the states, how much do you app. pay in income tax?

[guji]

I paid nearly $7,000 tax + fees to get my 535i

[Autojack]

We do not have a personal property tax in California. But we do have an annual CA Department of Motor Vehicles "registration fee" which starts the day you buy a new 2011 F10, and is based on the value of the vehicle. It gradually decreases each year as you own the car. It is approximately $1,100.00 on a new $70,000 car purchase.

We also have sales tax of 9.75 %.

[1HOT BMR]

Originally Posted by Touring

If you get paid 200 000 dollars in income in the states, how much do you app. pay in income tax?

It depends. About 12% is what the average Joe pays but there are all kinds of ways to "reduce" your taxes. The better you know the game and the more money you have the less you pay in real taxes. Some large corporations pay Zero taxes so the bulk of the tax revenue comes from the average Joe I mentioned above. This of course is a super simplistic way of answering your question but it should give you a rough idea - it is after all REALLY complicated and there are a million variables. Our tax system is not exactly fair.

[sfiermon]

In NH, we are pretty straightforward. There is NO sales tax but there is an excise tax for the towns when you register the car.

It is based on model year and is assessed at a number per thousand of the MSRP. What is really great about BMW is that the options are not included in the base MSRP. so...you can add 8k worth of options but you will pay this tax based on the MSRP of the base version of the car.

I believe the rates are for 2011 models...$18/thousand. 2010 is $15, 2009 is $11...all the way down (5 years) to $3/thousand. This scale adjusts each year.

Another cool thing is when you go pre-owned, you pay the model year of the CAR NOT the purchase!

[Ict528i]

Kansas, I paid around 850 in property taxes when I tagged the car. Next year it will go down to around 650...I paid 275 for my 02 bmw this year.

[ex-poster]

I don't have an F10 just yet, but the answer is still the same: 0.

[Touring]

Originally Posted by 1HOT BMR

It depends. About 12% is what the average Joe pays but there are all kinds of ways to "reduce" your taxes. The better you know the game and the more money you have the less you pay in real taxes. Some large corporations pay Zero taxes so the bulk of the tax revenue comes from the average Joe I mentioned above. This of course is a super simplistic way of answering your question but it should give you a rough idea - it is after all REALLY complicated and there are a million variables. Our tax system is not exactly fair.

12% ???

I will apply for American citizinship tomorrow and start a new life.

[ibimmer954]

Originally Posted by Touring

12% ???
I will apply for American citizinship tomorrow and start a new life.

Hold on a sec there. Your tax rate depends a lot on your income. My effective Federal income tax rate last year was closer to 22%. But that's not the end of the story. There's also "social security" which is a public pension/old-age health care system. That adds another 10% or so. Then you add state income tax (assuming your state has an income tax). In California that's another 10%. Plus we pay sales tax of 8.75 - 9.75% in California. Add that up and it quickly approaches 45%. And if you're responsible and save part of your paycheck in a retirement account, now you're over 55% for sure.

And yes, there's a personal property tax of automobiles in California. About 1% of the current value a year. That's why the California "registration" is so high for automobiles.

[Touring]

Originally Posted by ibimmer346

Hold on a sec there. Your tax rate depends a lot on your income. My effective Federal income tax rate last year was closer to 22%. But that's not the end of the story. There's also "social security" which is a public pension/old-age health care system. That adds another 10% or so. Then you add state income tax (assuming your state has an income tax). In California that's another 10%. Plus we pay sales tax of 8.75 - 9.75% in California. Add that up and it quickly approaches 45%. And if you're responsible and save part of your paycheck in a retirement account, now you're over 55% for sure.

And yes, there's a personal property tax of automobiles in California. About 1% of the current value a year. That's why the California "registration" is so high for automobiles.

Ok, I was on my way to the American embassy to apply for asylum, then I just go to the US on vacation instead

I pay around 45 % tax, then healtcare , pensionfund and education for the kids is free, so the deal is not that bad after all.

But we still have to pay 8 Dollars a gallon for gas and you pay the same for an M5 as I paid for my 520d, so maybe I go anyway

[ibimmer954]

Originally Posted by Touring

Ok, I was on my way to the American embassy to apply for asylum, then I just go to the US on vacation instead

But we still have to pay 8 Dollars a gallon for gas and you pay the same for an M5 as I paid for my 520d, so maybe I go anyway

Come to California! Lots to see... nice weather... you name it, you got it. We have lots of BMW enthusiasts if you happen to make it to a local car meet. And Las Vegas isn't that far away either.

Yeah, gas is still way cheaper here than the rest of the world. And the U.S. gets the cheapest BMWs in the world. So I can't complain about that.

[Touring]

Originally Posted by ibimmer346

Come to California! Lots to see... nice weather... you name it, you got it. We have lots of BMW enthusiasts if you happen to make it to a local car meet. And Las Vegas isn't that far away either.

Yeah, gas is still way cheaper here than the rest of the world. And the U.S. gets the cheapest BMWs in the world. So I can't complain about that.

Im going to Las Vegas/southern California this fall for a two week trip. I rent out half my house to a Californian couple, so they convinced me

[a_wagner]

In Sweden we pay VAT on the car, which is 25%. For every year we pay road tax which is co2 dependent, approx 500$ for my F11 523i.

Base price for a F11 523i is 61200$, for a F10 550i 105000$, VAT is included.

I pay 31% tax on my income up to 61000$, after that its 53%. My company pay 31,42% tax on my income as well. So it´s a lot of taxes but we don´t have the extreme taxes on cars that denmark and norway has.

We have free healthcare, free schools, free college, can stay home a long time when we have a newborn (1-1,5 year), cheap child daycare and can drive to nurburgring in one day.

// Anders

[Autojack]

yes .... hold on a minute there. Before you move to the United States .....The typical person making $200,000 annually pays much more than a total of 12% taxes annually to the state govt (except for 5 states that have no income tax) and the federal govt. The average is closer to 20%. There is the federal and state income tax, Social Security tax, Medicare tax, and in CA state SUI/SDI tax, that everyone pays to some extent.

[yogi799]

Thank God here in Canada, at least in Ontario, we do not pay %-value-based vehicle registration fee. Flat rate of $60/year :-) Hard to believe? It's true!