[DeTomaso] True?

Fri Jun 17 10:37:24 EDT 2011

That's good.  By the way, my email should have read "that could be considered."  It's that stupid iPad auto-correct feature rearing its ugly head...
Chris

Date: Fri, 17 Jun 2011 10:33:13 -0400
Subject: Re: [DeTomaso] True?
From: boyd411 at gmail.com
To: chrisvkimball at msn.com
CC: wkooiman at earthlink.net; detomaso at realbig.com; adin at frontier.net

I stand corrected. Thanks I just signed up for Sema  Action Network , no cost no charge . I strongly reccomend others do the same.

SEMA Action Network

On Fri, Jun 17, 2011 at 9:54 AM, Christopher Kimball <chrisvkimball at msn.com> wrote:

There is an organization Thacker could be considered a lobby for us, of sorts.  Check out the SEMA Action Network:

http://www.semasan.com/main/main.aspx?ID=/content/SEMASANcom/HomePage

Sincerely,

Chris
PNW Prez 

> Date: Fri, 17 Jun 2011 09:46:24 -0400
> From: boyd411 at gmail.com
> To: wkooiman at earthlink.net

> CC: detomaso at realbig.com; adin at frontier.net
> Subject: Re: [DeTomaso] True? 

> 
> I think it's a terrible idea It may give them ideas. We as car aficionados
> have no organized lobby (that I know of) and would make a perfect target for
> their money grabbing claws. I thought the prank was well written and very

> believable, that's why it scares me. They say there is at least a grain of
> truth in most jests. This one may contain more then a grain. Many
> municipalities already impose a personal property tax on cars , boats

> airplanes etc This is in addition to the sales tax that is collected each
> time one is sold and registered. How many people actually make money after
> they spend tens of thousands restoring their car and the selling it. Most I

> know of are losers (financially) The Dealers make money on sales but they
> are already taxed.
> Boyd
> 
> On Fri, Jun 17, 2011 at 9:21 AM, Will Kooiman <wkooiman at earthlink.net>wrote:

> 
> > April Fool's joke or not, it's a good message to send to D.C.
> >
> > -----Original Message-----
> > From: detomaso-bounces at realbig.com [mailto:detomaso-bounces at realbig.com]

> > On
> > Behalf Of David in Durango
> > Sent: Friday, June 17, 2011 8:01 AM
> > To: Kirby Schrader
> > Cc: panteras
> > Subject: Re: [DeTomaso] True?
> >
> > Didn't realize it was part of the April Fool's business. My apologies.

> > ----- Original Message -----
> > From: Kirby Schrader
> > To: David in Durango
> > Cc: panteras
> > Sent: Friday, June 17, 2011 6:51 AM
> > Subject: Re: [DeTomaso] True?

> >
> >
> > That was an April Fool's joke...
> >
> > Trouble is, it hit home so hard that Schumer's office was fielding calls
> > for weeks... maybe still is.

> >
> >
> > http://wheels.blogs.nytimes.com/2011/04/07/a-fake-tax-rattles-classic-car-bu

> > ffs/
> >
> >
> > On Fri, Jun 17, 2011 at 07:46, David in Durango <adin at frontier.net>
> > wrote:
> >
> > NPC, but might affect your ownership . . .

> >
> > Washington, D.C. - AP. Senator Charles Schumer (D-NY) held a press
> > conference today in the Capitol's rotunda and stated that he is in the
> > process of drafting a bill that will create a federal tax on all collector,

> > antique, historic, special interest, hot rods and race cars. "This country
> > is operating at a huge budget deficit," said Senator Schumer, "thanks to
> > the
> > previous administration's failure to seek new sources of revenue. We can no

> > longer continue to just raise the taxes we already have. We are reaching
> > the
> > point of diminishing returns. We must find new sources of revenue. "There
> > are more than one million collector cars in this country,"said Schumer,

> > "and
> > many of them are unregistered and untaxed. These vehicles represent
> > sometimes sizeable assets which often appreciate from sale to sale. Much of
> > these capital gains remain untaxed. It's about time these collectors-all of

> > whom are rich-begin to pay their fair share. I've never heard of a poor
> > person owning a Corvette, Ferrari, Deusenberg or Cobra." Part of the
> > Schumer
> > law includes the IRS opening up a special department to deal with collector

> > cars. Values will be calculated annually and owners will be required to
> > list
> > all cars they own on their 1040 tax form. Many of these car clubs maintain
> > accurate registries which detail each car by its vehicle identification

> > number and present or last known owner and their location. Assembling an
> > all-inclusive federal database in conjunction with these registries will be
> > one of the first steps in implementing the new law. Once the database of

> > owners is cross-referenced with an annual index of current collector car
> > values, every collector or race car in the country can be taxed at a fair
> > rate. That's only a conservative estimate," said Schumer. "Nobody knows

> > exactly how many collector cars are out there. But by this time next year,
> > WE will know. Owners of these cars will finally have to pay up.Their free
> > ride-on the backs of the poor-is over."

> >
> >
> >
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> >
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