I'm disappointed that Ed didn't slip in "shrewd negotiator" in there somewhere.
@allensheehywarrenton
5 жыл бұрын
so we met in the middle and........... paid no taxes.
@jackhammer915
5 жыл бұрын
I'm disappointed that at 6:24 the news channel fully showed the license plate for several frames before they then blur it out. They must have just slapped it on there and assumed it was at the right time
@benjaminmcintosh857
4 жыл бұрын
Jack Hammer wininng
@RobLevel
4 жыл бұрын
hahaha me too
@Ma660t5andw1ch
2 жыл бұрын
I count 8 times in 11 minutes. You just didn’t notice it. That’s the “professional shrewd negotiator” mode that he never mentions…
@krishnaprakash2155
5 жыл бұрын
*Doug DeMuro smiles from a corner*
@essvd2524
5 жыл бұрын
Krishna Prakash HAHAHA
@alisalama8598
5 жыл бұрын
He made a whole ass video on why he didn’t do the Montana plate and know he is laughing at every Georgia viewer
@Widemouth1832
5 жыл бұрын
As a lawyer. If you are going to do things on a borderline basis. You need to follow the law to the "T". There is nothing stopping the state from having a few bad tax years, and then every tax haven starts to get investigated.
@yalltoiletsbtalkinshit9912
5 жыл бұрын
Oh Doug... he’s such a swell boi
@UnitedMovieMakers
5 жыл бұрын
Saying that Doug was ahead of the curve on this one is an understatement.
@nospam3001
5 жыл бұрын
What's the big deal? I own a semi. I bought it in Oklahoma. It's titled in Georgia. It's registered in Indiana. It's insured in Connecticut. It's financed in Texas. And it's leased to a carrier in Florida.
@highestone2313
5 жыл бұрын
Yes however you most likely paid the proper taxes on the semi. The people buying these cars know exactly what they are doing to circumvent tax codes.
@xnova5
5 жыл бұрын
rich dudes who can afford very expensive cars are avoiding pay taxes. while us schmucks pay taxes on everything. you gotta pay to play in my opinion.
@nospam3001
5 жыл бұрын
@@highestone2313 They paid the proper taxes. Note that hey haven't been charged with tax evasion. I too paid less by registering my truck in another state. It's a near universal practice in the trucking industry. This is just a shakedown.
@DearMajesty
5 жыл бұрын
The difference is that semi's travel all over the country and it's used for legitimate business. So it's quite reasonable for it to be insured or registered anywhere. Financing has nothing to do with anything.
@ThreeDaysOfDan
5 жыл бұрын
@@xnova5 rich people pay over 80% of all the taxes soo. My Dad pays taxes to operate his store, taxes to sell items at a store, collects taxes for the state in the form of sales tax etc. This is all before ever making a dime . Gov's just salty
@grease7552
5 жыл бұрын
Maybe Georgia should re-evaluate their tax laws, if people are willing to go through the trouble of creating an llc in another state to avoid them.
@mcearl8073
5 жыл бұрын
Jeremiah Yes exactly.
@Forseenlife
5 жыл бұрын
Not just Georgia. People don't stay rich by spending money. People with money, more often than not, decide the laws.
@nastyrex4302
5 жыл бұрын
Yup. A very small amount of people are paying a huge chunk of the taxes there and people don't realize if shit gets too expensive, those people can just leave
@08turboSS
4 жыл бұрын
This is going on in over 25 states. Especially coastal states nationwide.
@nutmegdonkey
4 жыл бұрын
it's fairly easy to setup an LLC man , you can pay a lawyer 500$ pay a registering agent 100 a year and a pay a couple hundred to file the LLC and you just saved 20 grand plus from 2 hours of work.
@DozIT
5 жыл бұрын
Are we going to crack down on UHaul for registering all of their vehicles in Arizona to avoid taxes? Even for their trucks in Canada??
@martymc92
5 жыл бұрын
Many big trucking companies register their new trailers in Maine, because they just pay a fraction of the price than register in any other state.
@oVestax
5 жыл бұрын
RTG The trucks frequently move from state to state. Obviously it would be registered to where the business headquarters is located.
@DozIT
5 жыл бұрын
oVestax hmm and I thought it was for the flat rate $8 commercial vehicle registration and no safety or emissions testing requirements. I don’t think it’s a coincidence they picked Arizona for their HQ :)
@criznash
5 жыл бұрын
get outta here with that false equivalence,
@romansoroka6662
5 жыл бұрын
I bet most U-Hauls driving around in Canada rarely cross over into the USA, probably never go to Arizona, even though they're all registered in Arizona. But it's been this way for ever.
@DirtDiver656
5 жыл бұрын
He thought he was a shrewd reporter, until he met the Shrewd Negotiator
@scarea2691
5 жыл бұрын
Met*
@DirtDiver656
5 жыл бұрын
Scarea why thank you, you’re a shrewd grammar corrector
@mph5896
5 жыл бұрын
That reporter got mansplained.
@DirtDiver656
5 жыл бұрын
m ph what is mansplained?
@llama6939
5 жыл бұрын
Never commented on a video of yours before, but I just had to say how impressed I am with how well Ed handled that interview. Before the interview started, I was picturing how much of a train wreck it would be once he started asking the hard hitting questions and even tried putting myself in those situations, but WOW, Ed, you have fully gained any ounce of respect from me you may not have had before. Well done and I hope this investigation is handled fairly and responsibly.
@HeWoreSkeletons
5 жыл бұрын
Billshit interview dont you think?
@babayaga1767
5 жыл бұрын
Taking advantage of a loophole is not breaking the law
@RobLevel
4 жыл бұрын
It's the whole reason Lawyers exist lol
@BlaubartMT
3 жыл бұрын
Certainly not. But to whine like a crybaby when someone closes said loophole is absurd.
@lonelamon
3 жыл бұрын
@@BlaubartMT I wouldn't say they're crying about it. The problem is is now the state gov is stating "this is not allowed and we are going to backlog everyone who did it when it was allowed and charge you for it" That's the problem.
@nickvanhorn681
3 жыл бұрын
@@lonelamon what happens to a guy that owns an auto rental company like let's say you own an Avis dealership and now a car comes in from out of state and is now let's say not rented for 30 days in Georgia are they legally required to re-register that car in Georgia now? This is going to be a really interesting situation depending on how strict they are
@MisterMonsieur
Жыл бұрын
It's not even a loophole. The cars are owned by LLCs (who are legal persons) in other States, and all fees were paid in the that State. It's called the Free Market. These States, like Georgia, are just bullies who are upset that some of us are smart enough to take our business elsewhere. There's nothing that compels me to do business with any particular State. Nothing but Cry-Bullies crying for their taxes!
@brettbilger1390
5 жыл бұрын
For those of us who have wondered if Ed can speak without moving his hands, he did it for 48 seconds at the beginning of this video. I never would have thought it was possible.
@SIXPACFISH
5 жыл бұрын
Doug DeMuro would not be able to speak if his hands were cuffed behind his back.
@1hard2findbro
5 жыл бұрын
Dammit now I'm conscious of this 😁
@willpowr416
5 жыл бұрын
old Salesman trick
@GeraldRisch
5 жыл бұрын
Exactly right--all car dealers and salesman would be unable to sell a car without moving their hands. The handshake at the end is easy.
@DylanMcMullen
5 жыл бұрын
I knew something was off but I couldn't tell what
@DailyDrivenExotics
5 жыл бұрын
That's a lot like how we dodge taxes and high insurance rates in BC. Canada by registering our cars in a LLC in AB. Canada! ;)
@parthpatel967
5 жыл бұрын
DailyDrivenExotics didnt expect to see you here Damon 😂
@jeoboden
5 жыл бұрын
I thought commercial insurance costs double?
@zchen1994
5 жыл бұрын
DailyDrivenExotics after this video airs they are going to crash your car and throw your ass in jail.
@markk3453
5 жыл бұрын
Bc also has government run car insurance. U wanna see crazy insurance rates ? Come to ontario
@cleverusername6233
5 жыл бұрын
Same in Sask
@_Davepocalypse
5 жыл бұрын
That news caster was agonisingly irritating. Not after the truth at all, just wanting to dictate a narrative. Good job Ed.
@muhammadalialrubaye3391
4 жыл бұрын
Well said!
@RobLevel
4 жыл бұрын
I agree Harrison Ford's cousin was extremely abrasive
@steveawesome9538
3 жыл бұрын
The news caster, who's already made up his mind, is out to set the narrative. And thus my friends, is why no one trusts the media anymore.
@mikeaninger7388
3 жыл бұрын
“Our job is to find the truth...” I’m sure. Who’s “truth” exactly?
@TuddecBMW
5 жыл бұрын
I don’t see how owning an LLC which owns a car in Montana and driving it around in Georgia is illegal, even if you’re a resident of the state of Georgia.
@NatetheAceOfficial
5 жыл бұрын
Doug DeMuro, the kind of guy to avoid felony tax convictions.
@Ayojjosh.aartist
5 жыл бұрын
NatetheAceOfficial bruuuuhhh I just seen his vid talking about this exact scenario lol like he said “your got the money or your don’t”
@KrestenGiese
5 жыл бұрын
That's because Doug is an upstanding citizen. Humble and down to earth, pays his dues and doesn't try to play the system. All exotic car owners should be looking up to him to be honest.
@aabidamn
5 жыл бұрын
Plot twist: The Georgia Revenue Department started the investigation, AFTER one of their staff watched Demuro's video. Doug ruins the Montana scheme just like he ruined CarMax for the rest of us. Snitch!
@eatsleepdrive7034
5 жыл бұрын
Guess that $17,000 was worth it after all 😂⌛️
@juandominguez8536
5 жыл бұрын
abidamn THIS is the Georgia Sales Tax avoidance scheme
@thestakesauce5891
5 жыл бұрын
This news reporter is not a shrewd negotiator.
@tydontdy3459
5 жыл бұрын
Lol, tattle tales typically are not shrewd negotiators
@philspaghet
5 жыл бұрын
Nah, he is very much A shrewd negotiator XD
@mbsnyderc
5 жыл бұрын
He not negotiating he is investigating.
@DigitalCarAddict
5 жыл бұрын
The way Ed talks... I can listen to it for hours lol. Ed for president! 😉
@michaeltondi8528
5 жыл бұрын
or books on cd's
@aaronbays4
5 жыл бұрын
Yeah if he ever gets out of the car game, he does have a backup career as an announcer, voice overs, voice acting, etc. He has that perfect southern but intelligent accent as I like to call it.
@joelnadler4791
5 жыл бұрын
@@aaronbays4 true lol
@NWLAutowerks
5 жыл бұрын
He’s got a calm tone, and he’s so incredibly articulate.
@daddydoodoo9089
4 жыл бұрын
Ya but he needs a better VP candidate than that shit bag rabbit. He’s a snake.
@paulbetts4984
5 жыл бұрын
I actually really appreciated how the reporter guided the conversation. It was respectful, insightful, and kept the entire exchange relevant. Equally impressed by how Ed answered, also.
@conanobrien1
5 жыл бұрын
actually, the way he several times emphasis what his intents are kzitem.info/news/bejne/16ys1odui3mcaY4m17s kzitem.info/news/bejne/16ys1odui3mcaY4m6s kzitem.info/news/bejne/16ys1odui3mcaY4m12s kzitem.info/news/bejne/16ys1odui3mcaY4m16s to be objective and impartial... just screams opposite
@HeWoreSkeletons
5 жыл бұрын
The reporter was totally shit - couldn't even read his script in sync. Too many drinks at lunch time.
@edrajeev7359
5 жыл бұрын
For some reason the news anchor keeps trying to put ed in a corner and pit him against the average joe by making him out to be some slimy representative of greedy people by saying stuff like “the person who bought a 10 year old Chevy paid their taxes, why don’t exotic car owners?” And ed somehow always has an elegant answer that the anchor can’t handle so he keeps jumping to different topics to try to his spin on the story. Well done staying composed.
@ashishpatel350
5 жыл бұрын
Well the anchor is probably a dirty commie
@TheResistorNetwork
5 жыл бұрын
Agree. Ed really handled this interview well.
@PokerKing1993
5 жыл бұрын
You expect anything less than that from a reporter? They are all slimy jerks like that.
@johngaltline9933
5 жыл бұрын
Not Ed's fault if the truck buyer is is either too dumb, or doesn't care to understand how to pay less. The entire system is set up to confuse people, but as a small business owner I can say that the tax system is fuct. the write offs nearly equal my entire income. great when time to pay taxes... not so great when you try to get a loan and your bottom line yearly income reads $6,800.
@VenomKen
5 жыл бұрын
That person that bought the 10 year old Chevy had exactly the same ability to set up an LLC in Montana. It just would have been pointless for any Chevy.
@westleypierce2833
5 жыл бұрын
Leave it to Ed to be far more informative, well-spoken, entertaining and put together than the professional television reporter.
@kitnoki2
5 жыл бұрын
Westley Pierce came here to say just that. What a guy he is
@yeahitskimmel
5 жыл бұрын
I don't know if you noticed but he's just there for the truth
@jl9782
5 жыл бұрын
I was so embarrassed for him.
@jairosendsit8667
5 жыл бұрын
He was carrying the news anchor 😂😂
@nickmonastirsky1605
5 жыл бұрын
This "news reporter" is just talking aboit "fair share" and stuff to appease and appeal to the lowest common denominator to the ingnorant folks in the midwest and South, so they'll also listen when the station tells them to be afraid of shit and buy shit and roll over when politicians fuck them just a little bit more
@merle458
5 жыл бұрын
I seriously cant get over how well ed is at speaking. I do alot of public speaking, and ed is one of the best I have ever heard. He handles every question with grace and description. I dont care about the context, I love watching his videos to just hear him speak, and this is a prime example.
@AllenDobasu
5 жыл бұрын
This news anchor bothers me. Nice job handling it Ed. The anchor doesn’t know how to hold a conversation, interrupting you every other sentence.
@jwenting
4 жыл бұрын
like most anchors he's used to his "guests" being drones reading from a script prepared and approved by the anchor, saying exactly the right thing to further the anchor's narrative.
@SoldierMed68W
4 жыл бұрын
I look for any anchor to challenge the standing of any guest that they have on, I think it’s a good thing and I think that Ed handled the interview well
@kurtwhitman3732
5 жыл бұрын
The news reports doesn't seem to grasp the concept of they don't own the cars, the Montana company does. He's to worried about telling you how truthful he his 3 or 4 times.
@venom5809
5 жыл бұрын
You do realize the entire point of this is that it's a sham, that's why they were busted and have to pay up now. The LLCs exist, that doesn't matter, they were bullshit. The owners do own the cars, they just hid it in a way that they would not have to pay taxes and since they are now running to pay the taxes on them clearly it didn't work. If you are a cocaine dealer and you buy property and cars under LLCs and so on that doesn't mean the government can't seize it you know.
@brian5o
5 жыл бұрын
That is precisely what I was thinking. I don't see where the state of GA can do anything here. I think it is all for show for the people who have their cars registered in GA. The state of GA has no authority over a vehicle registered in the state of MT to a MT business period. It is out of their jurisdiction.
@brian5o
5 жыл бұрын
@@venom5809 I wouldn't call it a sham as much as a loophole. Businesses and the wealthy take advantage of loopholes all the time. In my opinion, I don't think that there is anything the state of Georgia can do here whether the Montana business is a tax dodging scheme or not, the state of Montana would have to because that is where the LLC is based. This is actually very similar to what cruise lines do with their ships. They register the ships in countries with very favorable tax codes to boost their profits. You may take a trip on a cruise ship here in the US but it'll never US flagged vessel.
@WatchJRGo
5 жыл бұрын
*MOVES TO MONTANA*
@skankhunt-ud1ju
5 жыл бұрын
That what all those rich guys are doing now haha
@LYFPingBot
5 жыл бұрын
As a Montanan i'm required to say the following: Montana sucks, now go home and tell your friends. No Vacancy!
@MossRods
5 жыл бұрын
what LYFPingBot said. Montana is boring, north dakota is nice though
@SirIsaacNewtonOfficial
5 жыл бұрын
@@LYFPingBot swear! Please stay away from Montana. It sucks..
@SirIsaacNewtonOfficial
5 жыл бұрын
@@MossRods yes and south Dakota as well. Beautiful places to move
@retroborder
5 жыл бұрын
Ed has an amazing way with words. His words choice and manner of speech is mindblowing. I can see why he was such a successful car salesman
@Fulloctanegarage
5 жыл бұрын
another fine example of VINwiki giving back to the car community and keeping all of us in the loop... thanks ED!
@WealthyWalnut
5 жыл бұрын
Always knowledgeable, always informative. Ed manages to look like a life time news anchor the way he handled himself in this video.
@SuperShiki666
5 жыл бұрын
Ed is a shrewd negotiator, he is better than most lawyers i know
@Zubayer_Islam_Rezoan
5 жыл бұрын
hear hear.
@MyCatInABox
5 жыл бұрын
(laughing my ass off..) I KNOW, RIGHT?
@commodoresixfour7478
5 жыл бұрын
@@SuperShiki666 Yeah a real salesman. He knows how to set up a deal that doesn't backfire. Sell you a car you really want, instead of what you think you want.
@shaft3285
5 жыл бұрын
Far Better than the actual anchor. Ed is a king in conversation.
@ains2904
5 жыл бұрын
*TAX COLLECTORS HATE HIM* one simple trick to avoid paying HUNDREDS OF THOUSANDS on *hypercar taxes*
@brian5o
5 жыл бұрын
I think that this is more of a state tax issue than federal. When you register a car, those taxed go to the state (registration, sales tax, etc).
@smitty0
5 жыл бұрын
Yeah, the IRS doesn't give a shit about this, its all a state tax issue.
@ains2904
5 жыл бұрын
i changed it
@ains2904
5 жыл бұрын
I just don't like how expensive hypercars are.
@beatzbyreefah
5 жыл бұрын
I swear I saw a video yesterday about how people from all over the country were doing this to avoid sales tax not just with cars. So to see this today blew my mind. This will be very interesting to watch
@bmallow96
5 жыл бұрын
It's not illegal, just a loop hole. If people found it, good for them!
@Iyellatbabies
5 жыл бұрын
You can see how this reporter is trying to belittle Ed, but Ed is just dunking him with these long ass sentences.
@kinghill771
5 жыл бұрын
LMAO I love the term “dunking” used here.
@meteda1070
5 жыл бұрын
I don't think "belittle" is the right word. Ed's argument is morally unsound even if legally in the grey area. Using the argument that some millionaire "small business owner" (you know the struggling small business owner that has enough money for million dollar vehicle *eye roll*) might have to fire someone because he has to pay taxes on million dollar exotic car is rather disturbing to me. I guess we shouldn't enforce tax fraud law just in case Mr. Bossman will fire people to save himself enough money for his million dollar Porsche. The reason why this hasn't been enforced in the past is due to the amount of political capital it would cost to go after was too high. When the public started talking about it they couldn't ignore it anymore and thus the enforcement.
@dobrev_p
5 жыл бұрын
@@meteda1070 I think you misunderstood what Ed was trying to say. His key point wasn't that is was wrong. It was that the way it's being implemented is wrong. That light switch metaphor, with which he's trying to say law enforcement should have enacted these new rules in a more gradual way, so as to alleviate the risk of creating a "shockwave" through that industry.
@meteda1070
5 жыл бұрын
@@dobrev_p So, different rules and enforcement for the rich because it might effect the economy? These are taxes that should have been paid to the state in which they reside at the time of purchase just like everyone else. The fact that they didn't expect to get caught not paying them isn't a sound argument as to why they should be given a different pathway to pay them then everyone else. When you buy a car, you pay the taxes on the car. I understand he wants to protect his customer's interests but I don't agree at all with what he said. If I were to steal hundreds of cars and then get caught after several years, should the court not enforce a fine because I wasn't expecting the new expense and I may have to let go of a few of my employees to pay them?
@davidstjames_
5 жыл бұрын
@@meteda1070 - The issue here is that no laws were broken. If a state wants to change a law and/or define something in a different way, that's fine, but it can't be retroactive. Here's an example for you. In many states, it's not littering if water or feather are falling off of a vehicle while it's driving. If a state changes the law that nothing can be left behind, are they going to go after every vehicle owner who has ever used their air conditioning retroactively? Or are they going to change the laws going forward and require people to modify their cars so that they don't ever drip any water again? The real problem is an inefficient government that overspends and is always looking for revenue increases.
@rabbits_used_cars
5 жыл бұрын
Moves like this will cause a major shock wave thru the high end car market and potentially kill revenue in the peach state. Always remember there’s always another state with lower taxes that would love to welcome exotic car dealers and buyers .
@niagaradrones
5 жыл бұрын
Peaches come in a can, and they were put there by a man, in a factory downtown.
@MichaelJames-lz7ni
5 жыл бұрын
Let the Exotic dealers and buyers move - when GA finds-out the tax revenue 'grab' cost them financially in the 'big picture', politicians will get a clue. Car-tax is theft.
@XrayDean
5 жыл бұрын
They will gain suppose it millions in car registration tags. But what Georgia doesn’t realize is they got the tax benefits of that sale. The sales tax for the local economy in the state will be filled in the lack of sales over the next couple years. The unfortunate outcome will also be the loss of certain dealerships and mechanics that no longer have these cars to maintain and purchased from in the local economy. It’s been proven before and states like New York versus New Jersey etc. etc.
@rabbits_used_cars
5 жыл бұрын
Dean Ender hit the nail on the head. They will cut their own throat if not careful with moves like this.
@jackielinde7568
5 жыл бұрын
The problem is, even if you went to a dealer out of state to buy a car, if you live in Georgia and bring that car in state, you're on the hook for both Georgian sales tax and registration tax. It's the same with buying things online. You still have to pay the sale tax for the state you live in. (That's why companies like Amazon and Steam are now charging sales tax.)
@D_H_88_99
5 жыл бұрын
The old guy, has to, pause, every few words, and, make, himself seem so, much, smarter than Ed, but we, all know whose, leading this conversation.
@OldManBadly
5 жыл бұрын
Ed, you have done a very good job in raising the main issue: If you have an LLC which owns a car in another state, do you in fact legally own the car? It's important if (as an example) the LLC owns more than one car, or if the LLC actually conducts business, or owns other property, investments, or the like. There is a lot at stake here. Done incorrectly, this could effectively pierce the LLC legal protections in a manner that would render them useless for legal protection against liability. I can't help but thinking that georgia is pretty much trying to kill the high end car market.
@yinzerfpv5764
5 жыл бұрын
Ed is much too smart to be talking with this reporter. I don't think he understood a single sentence that Ed spoke.
@william9262
5 жыл бұрын
Reporter was a joke lmaoo
@austinbuck8108
5 жыл бұрын
Ed: facts and logic Reporter: “I’m here to tell a story”
@Jabbsole
5 жыл бұрын
Right that reporter guy way to conservative.
@ryanjackson9664
5 жыл бұрын
The only thing the reporter understands is tax money.
@yinzerfpv5764
5 жыл бұрын
@@ryanjackson9664 He's acting like the 1.6M is make it or break it for the state of GA. I also don't think the majority of the public understands that most people finance these cars. A $1k/month note is easy to come up with but 25k upfront for taxes isn't.
@retsaoter
5 жыл бұрын
They should fight this. Their practice isnt any different than Credit Card companies setting up their corporation in Delaware or Connecticut for legal reasons. At worst they could have to convert from LLC to Corporations. The fees will still be less than taxes.
@Gromitz101
5 жыл бұрын
It's not just Credit Card companies, my LLC was registered in Nevada for that reason. There is no way in hell I was going to register in California at the time to start my one man business. But here's devil advocate...do you allow me to register my LLC as is to avoid maybe some tax and CA gains all my personal income tax or change things, and lose everything. By that I mean I would not have registered in CA and I would have moved out of the state, so essentially then CA gets nothing. Where do you draw the line and is that even beneficial to the state? And its not as easy as convert LLC to Corporation because there are numerous types of Corporations.
@MrPrediluted
5 жыл бұрын
It is different. Companies form in DE or CT for legal reasons - the state law is very flexible and supportive of their corporate documents / operating agreements. A business forming in DE would still have to file and pay taxes in the states they do business in, subject to those state's nexus rules.
@MatthewStinar
5 жыл бұрын
Georgia requires that if you're investing in real estate you register your LLC in Georgia. This deal with the exotic cars isn't too different. If you need the benefits of another state's laws, such as the robust property protection of Nevada, you'd need that LLC to be the owner of your Georgia LLC that owns you real estate.
@dash456789
5 жыл бұрын
Kory Reynolds Interesting. As a Merchant Mariner I’ve always been curious why most US flagged Deep Sea ships are Registered in Delaware. Makes sense
@johnq6257
5 жыл бұрын
Oh you mean the same Credit Card companies that loaned millions of Americans high interest money that they never actually had. When audited they can't prove that actual gold existed that represented the money they loaned you. This whole system is a shame
@AVRides
5 жыл бұрын
South Carolina here, our sales tax is 5% on a vehicle purchase, but is capped at $500, essentially making it a flat fee. I'm a big fan of our system.
@Snarfelle
5 жыл бұрын
I live and operate in Washington... My vehicles are titled, licensed, and insured at my house in Idaho where licensing for all 5 of them for 2 years each is the same as 1 vehicle in Washington for 1 year... When I get pulled over and the cop mentions it I tell them I own property in multiple states and they can't force me to change title, tags 6+ times a year and they leave it alone...
@Jesse-qo9oj
5 жыл бұрын
*buys small POS apartment in Montana because it's cheaper then the taxes*
@alex199273
5 жыл бұрын
Jesse California 😂
@fatj6035
5 жыл бұрын
This what the exotic owners will do. I just looked on Zillow and found a small apartment near the Canadian border Montana for $350/mo. So for $4200/year you can legitimately claim residence in MT. If you get in and out of cars as much as the average rich enthusiast that certainly seems like the way to go instead of paying $20-40k lump sum every time you buy a new toy. GA government of course doesn't have this forethought. Bunch of mouth breathers in the state government offices, as usual.
@larrysmith6797
5 жыл бұрын
@@fatj6035 No, idiot. There is a minimum time you have to spend there in order to claim residency.
@flandrescarlet3527
5 жыл бұрын
@@larrysmith6797 except there's no way for them to prove you're not living at the apartment in Montana
@fatj6035
5 жыл бұрын
@@larrysmith6797 Lol, so what? What's the minimum time? 30, 60, 90 days? 6 months? That's all a drop in the bucket in cheap rent compared to the tax bill on a single hypercar. Rich people plan ahead. They'll get their cheap apartment in MT a few months ahead of their purchase and they'll be good to go. You must be a Georgia dept of revenue employee with all that name calling and anger.
@MaxSpeedMike
5 жыл бұрын
So far, I've learned that Ed looks quite dapper in a suit.
@VINwiki
5 жыл бұрын
why thank you very much
@djenkin1
5 жыл бұрын
Well done. I believe the exchange was initially balanced but after demonstrating your knowledge of the subject the conversation appears to shift to a question of “fair” for other drivers. Then hilariously turned to “Im just here to tell the truth “. In either case excellently executed.
@chriscall3425
5 жыл бұрын
Did the reporter catch a charge recently? He is adamant about the telling the truth or to enforce the truth.
@adhischools
5 жыл бұрын
“My job is to tell the truth” “I’m interested in the truth” “I tell the truth”
@willpowr416
5 жыл бұрын
The Only Dog I have In This Fight...........................IS The Truth
@LuciferMindset
5 жыл бұрын
says the liar so vehemently...
@BigBossIvan
5 жыл бұрын
I think I can... I think I can... I think I can... RUSSIANS. Damn it!
@mauriceh7558
5 жыл бұрын
YOU CAN'T HANDLE THE TRUTH
@MrMedeiros223
5 жыл бұрын
Maxwell Outdoor Services this guy actually works for ABC
@austinrasmussen1870
5 жыл бұрын
If I ever get an exotic car I'm going to register it in Montana. Then again I live in Montana 😁
@wyojimbo106
5 жыл бұрын
Right there with ya!
@terrencebryant4578
5 жыл бұрын
Why wait until you get an exotic, I have 2 SS Camaro’s and a C7 stingray on my Montana LLC. When I subtract The cost for setting up and maintaining the LLC from what I would’ve paid in sales tax I saved myself around 8k.
@daivdninjabiomech7888
5 жыл бұрын
though would u still live in montana?
@austinrasmussen1870
5 жыл бұрын
@@brugermate No I live in Lincoln county.
@Basic_mt
5 жыл бұрын
Bozeman here!
@amansingh6128
5 жыл бұрын
BTW!! The censored license plate reads "IMWINNG"... Just FYI
@cypresscoastvisuals
5 жыл бұрын
It's amazing how well Ed can speak. It's motivating honestly
@MaanasMahesh
5 жыл бұрын
I watch this channel mainly for Ed. Ed IS THE CHANNEL!😃
@LebronHater213
5 жыл бұрын
Car Whiz what about rabbit ?
@hardotyler6415
5 жыл бұрын
And the Mexican Stig?
@dirtypride666
5 жыл бұрын
Ed & Rabbits contributions are the sole reason for this channels success! Great job Ed 👍🏻, you have a great personality and positive charisma 👍🏻🍻
@thegreatlongdingo
5 жыл бұрын
I agree Ed's stories are the reason I keeping coming back and I never want to own a hyper car
@ThexXxCoDGoDxXx
5 жыл бұрын
listening to ed, he doesn’t really seem to care if they register their cars in ga cause he knows that those buyers are being smart and aren’t really breaking any laws. haha, keep it going ed! good job!
@venom5809
5 жыл бұрын
Yeah that's why they are all running to comply with the state and pay what they have to, right? Did you actually listen to what Ed said? Ed and guys like Ed advised these guys to register their cars in Montana and now they are fucked and have to pay up, so yeah, keep listening to him and guys like him. LOL
@Macca-95
5 жыл бұрын
@@venom5809 This case has not been tested. Many will not comply and when the cases get thrown out of court others will continue to do so.
@larrylentini5688
5 жыл бұрын
I chuckled a little every time he said his only obligation was to the truth.
@Hammar89
5 жыл бұрын
" can you even afford that Porsche?" - Doug DeMuro
@FA-cd2de
5 жыл бұрын
Another great example of Ed's eloquent speaking skills.
@mattagnew206
5 жыл бұрын
He's certainly a shrewd elocutor.
@joshuasecrest
5 жыл бұрын
If there is anything I’ve learned in life, it’s that the government wants your money and will get it.
@NowThatsGreg
5 жыл бұрын
your money*
@Balcynkus
5 жыл бұрын
They won't get it if you're smart enough. There are always ways around it.
@Borderline5440
5 жыл бұрын
I got a $140 traffic ticket a few weeks ago and it says right on there that if you don't pay it you will be arrested. How is government a good thing again?
@johnq6257
5 жыл бұрын
@Joshua Indeed since they use a gun pointed at your head to do it. On top of that your fellow man will aid this corrupt institution in maintaining it's grip over us common folk by wearing a shiny metal emblem and dark looking stazi uniform. They are in essence compliant in reinforcing there own slavery.
@FMC1239
5 жыл бұрын
Ed - fantastic composure and very well spoken during your interview. I also love how this guy pulled out the “FIGHT FOR TRUTH” every time he didn’t know how to rebut your statement.
@ianvader4697
5 жыл бұрын
America the land of the free... to pay your taxes!
@08turboSS
4 жыл бұрын
LoL. Land of the free from 1776 to 1790 maybe.
@08turboSS
4 жыл бұрын
After that, hell no.
@jonnyjohnjon9779
4 жыл бұрын
yeah you guys really are free of taxes. You pay so little tax and complain SO much about it lol
@cz719
5 жыл бұрын
A news organization claiming "... the only dog I have in the fight is the truth..." lol ok...
@VenomKen
5 жыл бұрын
Meanwhile the package that cleared out CNN was found to be a book on ethics in journalism.
@MatthewStinar
5 жыл бұрын
Yeah, he didn't seem like that was his only dog in the fight.
@opieg7333
5 жыл бұрын
Maybe, maybe not, the Station certainly could have edits Ed's comments to better fit if that was a motivation.
@tug1475
5 жыл бұрын
Im not sure I like the anchorman fighting dogs! Lmao...
@garrettcox6542
5 жыл бұрын
Dang it seems like that anchorman was fishing. Ed your tact is unmatched. Its amazing how well you handle interviews.
@sotndownshift
5 жыл бұрын
Hahaha I love the tention between them, they're both trying as hard as they can to find polite ways to disagree with each other :D
@tkkaisla
5 жыл бұрын
Here in Finland new Lamborghini Aventador cost over 900K$. Ferrari 488 spider cost over 600K$. Huracan and McLaren 720s are over 550K$. Over half of the price is tax so 7% so decent when compared to these figures.
@JowoHD
5 жыл бұрын
doug demuro just snitched on tons of exotic owners LMAO
@wyckedan
5 жыл бұрын
This anchor man is obviously not impartial, he already made his decision. The "truth" means nothing to him.
@wyckedan
5 жыл бұрын
@Ed Gein Exactly. All he cares about is sensationalism. YOU WON'T BELIEVE WHAT'S HAPPENING AT EXOTIC CAR DEALERSHIPS, TUNE IN AT 10:00 TO HEAR THW DISTURING STORY THAT COULD CHANGE THE LAW FOREVER
@cameronjones4690
5 жыл бұрын
Dan Wickersham I’m only here to tell the truth he says smh
@allent9433
5 жыл бұрын
General rule of thumb: is someone tells you they are something more than once, he isn't. This newscaster sounds like the kind of guy that if he said it was raining, I wouldn't believe him until I checked. It made him look like a simpleton unprofessional hack; and like he was trying to get an argument going, which Ed was smart enough to make him look like a fool for trying to do...
@tjw8t1
5 жыл бұрын
I work at a high line new car dealer that has Lambo/McLearen, and I see Montana plates all day long. Pretty much everyone at work had no idea why they had the plates until I told them.
@niclorenzen3371
5 жыл бұрын
We just relocated to the greater ATL area and love it, but the tax bill was a hard pill to swallow for registration. We have a leased Ford Explorer (turning in next year) and a Dodge Durango, which cost us a total of $4300 in taxes that had to be paid at the time of registration. I now have 2 $2000 license plates. BTW keep up the great work Ed, I’m always looking forward to new videos!
@hardotyler6415
5 жыл бұрын
Good thing Doug didn't register in Montana
@BCaldwell
5 жыл бұрын
Tyler McCain But Doug lives in California though....
@hinglemccringleberry8193
5 жыл бұрын
Tyler McCain he isn’t in Georgia
@regane.bartko7247
5 жыл бұрын
Especially since he lives in the People's Republic of California.
@hardotyler6415
5 жыл бұрын
@@BCaldwell I understand that, but California is just as twitchy. Georgia tends to let people here get away with quite a bit.
@johnq6257
5 жыл бұрын
@@regane.bartko7247 You mean "The people's Republic of Commiefornia"
@diddybootz
5 жыл бұрын
Doug Demuro hint on the registering in Montana thing a few weeks ago. Damn.
@bcrt2000
5 жыл бұрын
Derrick Alderson I think Doug probably blew the scam for everyone. Someone who watched that video probably flagged officials in Georgia.
@diddybootz
5 жыл бұрын
So, Doug dry snitched? Bad Doug.Bad bad bad Doug.
@andrewschwab6929
5 жыл бұрын
Seriously first thing i thought of when i saw this pop up... Smh... First rule of fight club. Don't talk about fight Club..
@Cewheatley
5 жыл бұрын
Got a link to the article./video'?
@skankhunt-ud1ju
5 жыл бұрын
Everyone knew about that long before Doug thats ridiculous
@davidsadowski6295
5 жыл бұрын
thumbs up for that news reporter, "our job is to tell stories truthfully, accurately, fairly with balance, and with human impact." dang i wish there were more reporters out there that followed that philosophy
@saxxxxxxxxx
5 жыл бұрын
I work in the Port of Los Angeles. Every pooled bare truck chassis (that carry shipping containers) is registered out-of-state. You’re welcome California DMV.
@ihateoutube
5 жыл бұрын
Ed I work in the WSB building and if I would have known you were coming I would love to meet you in person and personally walk you around. I hope your visit was well!
@melesmeles2095
5 жыл бұрын
T web moron
@johnq6257
5 жыл бұрын
@T Web Why do you call him a loser? Is he a known person and if so is it because he is another compliant, toe the line news reporter/anchor.
@JonnyLee
5 жыл бұрын
@T Web WoAh ThErE BiG BoII SeTtLE DoWn
@brettb1217
5 жыл бұрын
Go to caffeine and octane to meet him
@pkobalt
5 жыл бұрын
I personally wouldn't do MT for tax purposes, but I'd consider it for CA smog.
@Skidtire
5 жыл бұрын
Smog laws are bullshit.
@Mr6Sinner
5 жыл бұрын
100% this
@jagtem
5 жыл бұрын
@@Skidtire As a CA resident and life-long car enthusiast, I would disagree. The air in LA in the 70s and 80s was some of the worst in the country. Most days you wouldn't even be able to tell that the city is surrounded by mountains. CARB regulations have done much to improve air quality in the state. I did run a cat-less Fox Body Mustang for a while, but these days I do the right thing and keep my cars compliant.
@josephredmon6190
5 жыл бұрын
@@jagtem ya know, a car build to california specs arent chz geable with specs for the other states. buddys neighbor bought his daughter a chevy malibu, motor went, so he a malibu that only had a good motor that come from cali. he couldnt use the motor because it was too different. same car. different build.
@jsquared1013
5 жыл бұрын
@@jagtem the problem is that the way that they run the show is asinine. The majority of the things they regulate these days have minimal impact, and they could significantly streamline the procedures, save everyone including the taxpayers a ton of money, by focusing enforcement on actual tailpipe output instead of all of the convoluted nonsense they have now.
@ricknelson4764
5 жыл бұрын
1982 I was living in Idaho and had a Corvette, my girlfriend and I split the sheets so I went to my parents home in Washington state 30 miles away for a few weeks. Someone turned me in for having an Idaho tag...a cop showed up and handed me a $300 ticket for tax avoidance, that was a lot of money for a 19 year old kid. I went to court and ended up with a $50.00 fine and promptly moved back to Idaho.
@dmaxm2498
5 жыл бұрын
“Did they find a few?” 🤣 Great interview! Very respectful and knowledgeable! You’re one of the few men that have found their true calling and have actually followed it and succeeded! That’s my greatest dream/goal in life!
@brettbilger1390
5 жыл бұрын
So many amazing Anchorman joke opportunities here but I can't pick one so I will just leave
@Sam-nv3mv
5 жыл бұрын
now.. our job is
@John1911
5 жыл бұрын
Brett Bilger he’s like a character from central casting.
@thetruebatman8522
5 жыл бұрын
Best joke “our job is to tell the truth”
@shaft3285
5 жыл бұрын
Brett Bilger He “indicated” that he is a horrible interviewer.
@Sir_Leelord
5 жыл бұрын
12:50....the anchor said Perculator....smh
@jessizthebess4590
5 жыл бұрын
The "hahaha" licence plate tho!
@sacatolasmoreira5593
5 жыл бұрын
Hahaa
@blakea216
5 жыл бұрын
They swapped it to 'NERVOUS" today.
@ValidPointsMade
5 жыл бұрын
The way Ed held himself together when the reporter decided to use the word percolating was great
@Redbird1504
4 жыл бұрын
Yo Ed sounded like a legit tax lawyer. Good for you for knowing your craft.
@mattcolver1
5 жыл бұрын
It appears there may be a lot of exotic cars available for sale in Georgia.
@chrisross9799
5 жыл бұрын
ya, but the taxes are going to be a bitch
@opieg7333
5 жыл бұрын
Unless you deliver to Montana...
@camerontinney9684
5 жыл бұрын
That journalist acting like he’s all high and mighty
@n62bv
3 жыл бұрын
Ed, you should be a trial lawyer or politician. I don't mean that in a derogatory way. Its amazing how you can be so precise and eloquent on the fly without a teleprompter. I've been in the European car business for thirty years and love your channel man!
@WhyNot-zr5kl
5 жыл бұрын
Taxes suck...I LOVE Ed's rational and reasonable approach the situation and how well he expresses both sides with empathy. You rock Ed...LOVE your channel.
@christophertaylor440
5 жыл бұрын
Ed is the right guy to be on the news aspect of it for being such a knowledgeable guy and dealing with these issues and knowing the real damage it could cause. Tons of people like the people using prestige to finance their cars are probably not as wealthy. Just because they own a nice car means they’re doing something a little better than you even if it is money management or they are very successful but claiming they are all rich and it would be nothing comes off to me as a little ignorant.
@nathan21683
5 жыл бұрын
Christopher Taylor agreed. Plus, whether or not they can afford more taxes is beside the point. The point is that their money is their money, abs they should be able to spend it how they please.
@pwrightisright8611
5 жыл бұрын
Missed opportunity #1 0:00 - [Clarkson voice] "And now, let's do the news!" Missed opportunity #2 1:12 - [Clarkson voice] "And now, back to the studio!" Rabbit: "That's my line!"
@dirtydoug6665
5 жыл бұрын
P WrightisRight *hamster
@jjj4888
5 жыл бұрын
As soon as the vid started, I knew this was a different type of video. Interesting to hear the different perspectives on the matter, with the anchor giving the view of the general public/the government, and Ed giving the view of the owners. There is definitely an argument for both.
@judyjoss3543
5 жыл бұрын
Ed pretty much just talked circles around this guy. It was immediately clear that Ed knew so much more on the subject, that the reporter was just bumbling for something insightful to say. Solid video and a good discussion on the topic.
@TheFroVeN
5 жыл бұрын
I don't know that anchor and I don't like him he looks jealous he dont have his dream car
@DozIT
5 жыл бұрын
The man or women who bought their Chevy 10 years ago could have also opened a Montana Corp. sure it wouldn’t have made sense but it’s not like only rich people had that option.
@whoadoe
5 жыл бұрын
i hate when people bitch and complain about others doing better when in reality all you had to do was a little learning and searching and understanding how to play the game. play the game don't complain about the game.
@Thechildishmandingo
5 жыл бұрын
when you spend $5000 to open an LLC to save $28k in taxes it’s a lot different than paying 4K in taxes on a Toyota Camry. It isn’t fair and this is coming from someone who loves Ed and this channel. I’m not saying I wouldn’t have done the same thing if I could afford an exotic car but I also couldn’t really be mad about my loophole to get off on the system finally being closed
@DozIT
5 жыл бұрын
Dad. It’s fair, as they both have the same opportunity, as I said it just wouldn’t make sense for the Camry owner. Also (at least compared to Ontario’s laws) it would take 7 years to break even if you did it for your Camry :) It’s not like they aren’t paying taxes they are just paying them in a different state, which just so happens to have lower fees, and taxes. They still pay capital gains if they sell for a profit, and they still pay ~35% tax on the gas they buy. Not to mention if they sell to a different state the new buyer pays taxes on the book value. (Tax on tax). The government gets their money no matter what
@DozIT
5 жыл бұрын
And (at least for Provincial Canadian corps) it’s $285 to start the Corp, and about $300/yr in professional fees (if you don’t know how to do your own books/taxes)
@DozIT
5 жыл бұрын
Another $500 if you want to name it (so it’s not a numbered Corp like 738819 Ontario Ltd.)
@edwarddegalan107
5 жыл бұрын
Ed was more impressive than the newscaster. Articulate, balanced, incredibly knowledgeable, and can tell a story from multiple angles. Ed, you missed your calling buddy. Keep up the exceptional work.
@MisterMonsieur
Жыл бұрын
The cars are owned by LLCs (who are legal persons) in other States, and all fees were paid in those States. It's called the Free Market. There's nothing that compels anyone to do business with any particular State. The LLC owns the car and the same LLC "lives" in Montana. Therefore, it's proper that all the paperwork should be done in Montana. It's smart and 100% legal.
@dafugees18
5 жыл бұрын
This is one of the best most informative car related video I've ever seen! #VinWiki #MontanaSoundsReallyNICE
@JetCityProd
5 жыл бұрын
Manny Freshhhhh the skiings bad, the hikings bad, the fly fishing’s bad, don’t come out here ;)
@dreval9646
5 жыл бұрын
Word it’s time to pay up rich folks
@jeoboden
5 жыл бұрын
Holy shit I can't believe they raided the dealer and the customers
@MichaelJames-lz7ni
5 жыл бұрын
When your Populist Politics invites the narrative "screw the rich people", haters gonna hate.
@jeoboden
5 жыл бұрын
fucking statists smh @@MichaelJames-lz7ni
@zanedzikonski4234
5 жыл бұрын
Henry W were you expecting a knock and for them to be invited in for tea? You gotta catchem by surprise
@jeoboden
5 жыл бұрын
I usually think it's a bad look for the state to use threats of violence and prison to take property from people @@zanedzikonski4234
@newgood5410
5 жыл бұрын
simole buy outastate
@charlieryan1736
5 жыл бұрын
Ed Excellent job handling that reporter with legal reasoning 👍🏻 he thought he was going to trap you ...but you handled him like a true businessman well done 👌
@Salvaba
5 жыл бұрын
Ed you handled yourself very well against that anchorman. Well spoken and well done!
@VINwiki
5 жыл бұрын
Thanks!
@RingoYote
5 жыл бұрын
why doesnt this channel have 1 million subs!?!?!?!?!?!??!
@AutoYoung
5 жыл бұрын
Why is that stupid question asked on every video?!?!?!?
@TonySki
5 жыл бұрын
It's on the way. only a year old at 516k, a few months ago when I saw and subbed it was only at 300k. Socialblade shows it at 1million in 262 days. July 15th. socialblade.com/youtube/c/vinwiki/futureprojections/subscribers
@Isaiahsucre
5 жыл бұрын
Bro you should get all the furrys to sub
@RingoYote
5 жыл бұрын
@@Isaiahsucre They all sub to Majira Strawberry, which I'm shocked hasnt hit over 500k yet...he continually hits high view counts
@davidmaries5468
4 жыл бұрын
It does now XD
@E..M..
5 жыл бұрын
When the person you interview is more astute than you...
@BenjaminDamoncycle
5 жыл бұрын
Shocking! A reporter actually reporting the facts and not using the story for political points.
@Detroitdiesel285
5 жыл бұрын
Loop hole closed.. pay up time.
@RawrDinosaurzz
5 жыл бұрын
That newscaster seems like kind of a prick. I don't think anyone who is interested in this story cares to hear him say he's focused on the "truth" 15 times.
@QurttoRco
5 жыл бұрын
Well the truth is thats Montana plates are tax dodging and Ed is defending them as best as he can with retarded arguments
@QurttoRco
5 жыл бұрын
@@Macca-95 Tax evasion. Any sane person sees what's going on.
@Macca-95
5 жыл бұрын
@@QurttoRco Except it's not tax evasion it's tax avoidance. Note how they're not even trying to get them for tax evasion. Will this dickhead be going to Uhaul and charging them with felonies for operating vehicles owned by an out of state company?
@QurttoRco
5 жыл бұрын
@@Macca-95 Should a state residence that privately buys and uses a car for their own ends in the state of their residence pay taxes?
@Macca-95
5 жыл бұрын
@@QurttoRco The state resident doesn't own the car and I assure you the state resident is already paying a shitload of taxes to the state. Why is this pindick going after these people and now uhaul? Is it because he knows uhaul would eviscerate them in court? Or is it because he knows he can get good PR berating rich people.
@xOLDS45512x
5 жыл бұрын
Nothing could have prepared that guy for the smooth talking, shrewd negotiator known as Ed.
@ckm-mkc
5 жыл бұрын
Someone on a comment in another channel suggested a Montana LLC for an exotic car and I basically said that, eventually, this will catch up with the owners and not in a good way.
@joesansone4265
5 жыл бұрын
I have never met Ed but he honestly seems like the smartest dude ever I love hearing him talk
@JowoHD
5 жыл бұрын
if i ever get an exotic im registering it in montana. im sure no-one will be suspicious, since i live in the uk and all
@johngriffith7315
5 жыл бұрын
Ed, love this channel. Corporations and trucking companies do this all the time. They will register tractors and trailers to states with the lowest registration fees while being operated/domiciled in another part of the country. That is why you see so many tractor trailers with Indiana tags.
@MichaelBacon212
5 жыл бұрын
Awesomely done interview Ed Bolian. I thoroughly enjoyed watching this and hearing all of these interesting fact and points of view from different perspectives.
@mikefish76
5 жыл бұрын
Any time a reporter states that many times that he is “just looking for the truth”, the truth is the last thing he cares about. I’m glad Ed so skillfully side-stepped the reporter’s poor attempts to frame a narrative.
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