KLRDMD Posted August 12, 2022 Report Posted August 12, 2022 1 hour ago, amillet said: @KLRDMD Have you ever added up the sales/use tax you’ve paid on those 18 aircraft Yes I have. $0.00. Quote
KLRDMD Posted August 12, 2022 Report Posted August 12, 2022 1 hour ago, Browncbr1 said: You must have a special colemill baron. Fox star colemill 58 barons usually at 25 LOP 8-10k get 178-185ktas and ~13gph per side. For me to burn only 10gph per side, I’d be going along about 160kts or so. Is yours a 55 or 58? i see the video, he’s at 12k with 2200rpm to get that low fuel burn. Mine was a 55. Mike (in the videos) was getting similar speeds on fuel flows as to what I got with mine in his B55. Those airplane will do those speeds on that fuel burn. Quote
amillet Posted August 12, 2022 Report Posted August 12, 2022 53 minutes ago, KLRDMD said: Yes I have. $0.00. Dealer/reseller permit? Quote
KLRDMD Posted August 12, 2022 Report Posted August 12, 2022 Just now, amillet said: Dealer/reseller permit? Nope. I live in a (relatively) free state that doesn't tax us until we bleed. Quote
amillet Posted August 12, 2022 Report Posted August 12, 2022 5 minutes ago, KLRDMD said: Nope. I live in a (relatively) free state that doesn't tax us until we bleed. Looks like AZ has an annual tax of .005 of average value of make, model and year. Much better for frequent turnover than WA 8.4% on a purchase (plus $65/tr) Quote
carusoam Posted August 13, 2022 Report Posted August 13, 2022 The free state of NJ… Allows for the trade in…. Selling and buying a like for like plane (value wise) would also net a zero sales tax situation… Apparently, the sales tax is due on the difference…. Some limitations may apply…. Like the sale of the first plane and buying the next need to be within a year’s time… PP thoughts only, not a CPA… Best regards, -a- Quote
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