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. > > > > > > > > > > > > > > >