Brian & Brandi's RV-10

Taxes :(


by Brian Friday, June 22, 2012

Dont forget to budget for taxes. The state/county does not waste any time to hold their hand out upon seeing someone receiving an air worthiness certificate. They want their 6% of the value of the plane. After spending our own hard earned (and already taxed money, by the way) to build something from nothing it is a disgusting notion to have to pay the government a large sum of money in this manor. Oh well, what can you do...

Comments (5) -

Ed
Ed
6/22/2012 11:18:29 PM #

How did the state calculate the value of your plane for tax purposes?

Reply

brian
brian
6/23/2012 5:57:29 PM #

Self assessed.

Reply

Julianne
Julianne
9/8/2012 10:25:42 PM #

Sounds like it's worth the effort to start a business so that you can write off the cost of the taxes Smile

Reply

Karthik
Karthik
12/9/2012 10:00:38 AM #

Do some states have lower taxes than others? Like PA or OR?

Reply

brian
brian
12/9/2012 10:11:17 AM #

From what I've seen, yes, some states have lower taxes than others. I'm not sure what exactly PA or OR laws are. This link might be helpful to get started: members.eaa.org/.../...20Homebuilt%20Aircraft.html

and this one:
www.vansairforce.com/.../index.php?t-535.html

Reply

Add comment

biuquote
  • Comment
  • Preview
Loading