Re: Off Topic But IMPORTANT (APRIL FOOLS!)

[William Harrison <bbjt3@xxxxxxxxx>]

Don
I fell for it hook line and sinker.
I should have checked it out on snopes before posting my rant.
It was a good joke but it still scared the hell out of me.
Later
Bill
P.S. I read that there was a giant back lash over this as a lot of Shelby people were royally pissed.

--- On Wed, 4/27/11, Donald Gallimore <dongallimore@xxxxxxx> wrote:

> From: Donald Gallimore <dongallimore@xxxxxxx>
> Subject: Re: Off Topic But IMPORTANT (APRIL FOOLS!)
> To: 1962to1965mopars@xxxxxxxxxx
> Date: Wednesday, April 27, 2011, 9:36 AM
> It's an April Fools Joke.  Read
> this: 
> http://blog.hemmings.com/index.php/tag/senator-chuck-schumer/
> 
>  
> Akron Don Gallimore
> 
> 
> 
> ----- Original Message ----
> > From: William Harrison <bbjt3@xxxxxxxxx>
> > To: 1962to1965mopars@xxxxxxxxxx
> > Sent: Wed, April 27, 2011 8:59:36 AM
> > Subject: Re: Off Topic But IMPORTANT
> > 
> > What a dick!!!!!
> > The legislature will have a hard time getting enough
> backing  to be presented 
> >to the congress but if it becomes a bill we will have a
> specific  target to 
> >remind our representatives of how we will vote if they
> favor the bill  and 
> >believe me there are many muscle car buffs and
> collectors in the  congress.
> > Later
> > Bill Harrison
> > 65 Coronet 2 dr post.
> > 
> > BTW....;You  can email your congressman and
> senators to pre-warn them of your 
> >opposition to  the bill to be proposed.
> > 
> > --- On Tue, 4/26/11, Ollie <satellite1965@xxxxxxxxxxx> 
> wrote:
> > 
> > > From: Ollie <satellite1965@xxxxxxxxxxx>
> > >  Subject: Off Topic But IMPORTANT
> > > To: 1962to1965mopars@xxxxxxxxxx
> > >  Date: Tuesday, April 26, 2011, 12:20 PM
> > > 
> > > 
> > > Subject:  Senator Eyes Collector Cars as
> Revenue Source 
> > > 
> > > 
> > > If you  are not aware of this new
> legislation, you need to
> > > be if you own any  type of collector
> automobiles, race cars,
> > > hot rods, customs, etc. 
> > > I urge you to pass this on to your friends and
> neighbors
> > > who  are car enthusiasts. Also, if you
> belong to any car club
> > > or group, see  that they get it also. 
> > > I’m sure the biggies, like the auction
> Houses,  car
> > > magazines, AACA, VCCC, etc. will get in on
> opposing this
> > >  legislation. 
> > > Gene 
> > > Senator Eyes Collector Cars as Revenue 
> Source 
> > > New York Times article Mar.28, 2011 
> > > 
> > > 
> > >  Auto Enthusiasts who dodge taxes are in
> Schumer's
> > > crosshairs 
> > > 
> > > 
> > > 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 ." Citing the
> results of  this
> > > year's automobile auctions in Scottsdale, Arizona
> as an
> > >  example,where reported sales were in the
> tens of millions of
> > > dollars,  Schumer said, " We're not talking
> about rusty old
> > > clunkers, here. Some  of these cars
> represent the pinnacle of
> > > automotive history. Collectors  who buy and
> sell them often
> > > do so privately. Some transactions are in 
> cash and others
> > > include trades. All of these are under the
> Internal  Revenue
> > > Service's radar. Well, that will soon  end
> ."Each state
> > >  has different laws and requirements for
> collector cars.
> > > Those which tax  them as personal property
> often use outdated
> > > values. An owner can pay  taxes on a car the
> state determines
> > > is worth $5,000 and then turn around  and
> sell it for
> > > $100,000 or more. Until now, all of this has
> been  the
> > > purview of each state.. Schumer's law will
> sidestep all
> > >  state laws by levying a federal tax in
> addition to anything
> > > the  individual states do. This new federal
> tax will be
> > > similar to the  present federal tax on
> gasoline, which is in
> > > addition to whatever a  state assesses. 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. Because not all vehicles are
> registered,  and
> > > thus may not be known to the individual states'
> motor
> > >  vehicles departments—especially race cars
> which are not
> > > driven on public  roads—the IRS will make
> use of the
> > > existing network of individual  collector
> car enthusiast
> > > organizations across the country. 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  .
> > > Initially,  Schumer says, it will be 10% but
> that would
> > > rise  depending on the type of car, number
> produced and
> > > condition. "  Collectors are willing to pay
> more for certain
> > > cars ," said Schumer, "  because of their
> history or the
> > > small number that were produced. These 
> factors increase a
> > > vehicle's worth to buyers, so why should these
> cars  not be
> > > taxed at a higher rate? It's no different than
> our  current
> > > progressive income tax rate. " It is estimated
> that an
> > >  annual 10% tax on all collector cars
> presently owned by
> > > American  taxpayers—at their prevailing
> market
> > > value—would be more than  $250,000,000. In
> four years the
> > > coffers of the federal  government
> could  be fattened by
> > > a billion dollars. " 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” 
> > > 
> > > 
> > > 
> > > [Non-text  portions of this message have
> been removed]
> > > 
> > > 
> > >  ----
> > > Please address private mail -- mail of interest
> to only one
> > >  person -- directly to that person. 
> I.e., send
> > > parts/car transactions  and negotiations as
> well as other
> > > personal messages only to the intended 
> recipient, not to the
> > > Clubhouse public address. This practice
> will  protect your
> > > privacy, reduce the total volume of mail and fine
> tune  the
> > > content signal to Mopar topic.  Thanks!
> > > 
> > > 1962 to  1965 Mopar Clubhouse Discussion
> Guidelines:
> > > http://www.1962to1965mopar.ornocar.org/mletiq.html and
> > > http://www.1962to1965mopar.ornocar.com/general_disclaimer.html.
> > > 
> > > 
> > > 
> > >
> >
>