[JayCT]

Originally Posted by BPt111

Buying new car in CT is not worth it you pay almost $1,000 or more on taxes. 2016 Honda Accord your taxes will be around $800, 2016 Lexus around $1200

This is dependent on the town. Some towns have lower mill rates so buying a luxury vehicle is not going to have a high tax come along with it. So a $25,000 vehicle in a town with a 30 mill tax rate would have a $525. You would only get to near an $800 tax on that car if your town's mill rate is 45 mills. Jay

[JayCT]

Originally Posted by East of the River

True but they could have made more cut's elsewhere and upped the contribution to pension funds to at least balance things until it could be renegotiated instead of saying were going to have an awesome deal in 10 years lets count that in the budget now.

I believe that this is what Malloy has been saying but he has been cut out of the negotiations so it was not necessarily on the table. IS this shortsighted politics again? Jay

[BPt111]

Originally Posted by JayCT

This is dependent on the town. Some towns have lower mill rates so buying a luxury vehicle is not going to have a high tax come along with it. So a $25,000 vehicle in a town with a 30 mill tax rate would have a $525. You would only get to near an $800 tax on that car if your town's mill rate is 45 mills. Jay

How does New York and New Jersey doesn't have car taxes ? I saw states like Colorado, Indiana, Utah has car taxes it is much less than CT. Even Massachusetts is less than ours but Rhode Island is higher.

[BPt111]

https://twitter.com/JvittalTV/status/923211631374585858

[JayCT]

Originally Posted by BPt111

How does New York and New Jersey doesn't have car taxes ? I saw states like Colorado, Indiana, Utah has car taxes it is much less than CT. Even Massachusetts is less than ours but Rhode Island is higher.

Have you seen the local property taxes they pay in New York and New Jersey? They easily exceed the car taxes we pay here.

I am not sure why you think Massachusetts pays lower car taxes. They just calculate them differently. That $25,000 example car I gave above that pays $525 per year in taxes the first year would be higher in Massachusetts. There they pay a flat $25 per thousand dollars of manufacturers list price but they base it on a 90% assessment (Connecticut is 70%) so that same vehicle would pay $562.50.

In Colorado they charge 2.10% on 85% of the manufacturers price so that $25,000 car would be $446.25. Not much of a difference ($78.75) really. Indiana charges a flat $350 per year which is not cheap. That said, Utah is a flat fee of $150 which is not a lot, but I am not moving to Utah just to save on car taxes. My point is whether you like it or not, you are going to have to pay taxes one way or another to own a car. Jay

[JayCT]

Another hundred getting laid off at Starwood as Marriott continues its merger of the two operations. So far over 300 of the 700 jobs there are gone. Will any be left? Jay

Marriott to lay off more than 100 Stamford employees - Connecticut Post

[robr2]

Originally Posted by JayCT

I am not sure why you think Massachusetts pays lower car taxes. They just calculate them differently. That $25,000 example car I gave above that pays $525 per year in taxes the first year would be higher in Massachusetts. There they pay a flat $25 per thousand dollars of manufacturers list price but they base it on a 90% assessment (Connecticut is 70%) so that same vehicle would pay $562.50.

True but that's only the first year. The value is based on MSRP and drops as follows:

year 2 - 60%
year 3 - 40%
year 4 - 25%
year 5 and beyond - 10%.

[JayCT]

Originally Posted by robr2

True but that's only the first year. The value is based on MSRP and drops as follows:

year 2 - 60%
year 3 - 40%
year 4 - 25%
year 5 and beyond - 10%.

We were talking about buying a new car but your car tax here goes down as your car's value decreases as well. Jay

[BobNJ1960]

Originally Posted by JayCT

Another hundred getting laid off at Starwood as Marriott continues its merger of the two operations. So far over 300 of the 700 jobs there are gone. Will any be left? Jay

Marriott to lay off more than 100 Stamford employees - Connecticut Post

I doubt any will be left at some point, but I'd also bet it takes a few more waves.

[GeoffD]

Originally Posted by JayCT

I am not sure why you think Massachusetts pays lower car taxes. They just calculate them differently. That $25,000 example car I gave above that pays $525 per year in taxes the first year would be higher in Massachusetts. There they pay a flat $25 per thousand dollars of manufacturers list price but they base it on a 90% assessment (Connecticut is 70%) so that same vehicle would pay $562.50.

That's a very distorted representation of the Massachusetts automobile excise tax.

Year 1 is 90% of sticker price at 2.5%
Year 2 is 60% of sticker price at 2.5%
Year 3 is 40% of sticker price at 2.5%
Year 4 is 25% of sticker price at 2.5%
Year 5 and beyond is 10% of sticker price at 2.5%

Your $25K Honda Civic pays $562.50 in year one, $375 year two, $250 year three, $156.25 year four, and $62.50 beyond that.

In Massachusetts, the first year is expensive. It quickly drops after that. That's nothing like the Connecticut nonsense where you pay the full tax on the nominal book value of the car forever.

This is all mandated by the Proposition 2 1/2 referendum passed many decades ago. Unlike Connecticut, Massachusetts has a ballot initiative mechanism to stop the state from taxing everything to death. The state has had no choice but to exercise fiscal restraint for many decades. The flat personal income tax gives everyone an equal stake in the system. Blue collar voters oppose state income tax hikes at least as much as white collar professionals.