[dumptruck]

Saw this ad

[BlkGS]

Originally Posted by dumptruck

Saw this ad

That's what that Ed bolian guy from YouTube was doing and why he's so desperate to normalize this form of tax fraud. When he was selling lambos he was setting up fake Montana LLCs to avoid taxes.

Tax fraud is bad. But setting up a business that only exists to commit tax fraud for others, that's REALLY bad. So he's desperate to make it seem harmless and normal and everyone can and should do it so he doesn't have guys in prison setting up their own LLCs inside him every night.

[BloomRunsDubs]

Originally Posted by BlkGS

That's what that Ed bolian guy from YouTube was doing and why he's so desperate to normalize this form of tax fraud. When he was selling lambos he was setting up fake Montana LLCs to avoid taxes.

Tax fraud is bad. But setting up a business that only exists to commit tax fraud for others, that's REALLY bad. So he's desperate to make it seem harmless and normal and everyone can and should do it so he doesn't have guys in prison setting up their own LLCs inside him every night.

Wow man this is pretty low. Never thought Id see someone one here pretty much wishing prison and rape on someone for being financially savvy.

Ed Bolian is a good dude and a great part of the car enthusiast community.

Your anger is concentrated on the wrong people, jealousy is more toxic and destructive than drugs.

[NickyC]

I smile every time I see a super expensive car with a Montana license plate on it. I want to be like that owner.

[BlkGS]

Originally Posted by BloomRunsDubs

Wow man this is pretty low. Never thought Id see someone one here pretty much wishing prison and rape on someone for being financially savvy.

Ed Bolian is a good dude and a great part of the car enthusiast community.

Your anger is concentrated on the wrong people, jealousy is more toxic and destructive than drugs.

Nah, ed's a douchebag who is everything wrong with big parts of the car community. He's gonna make someone a very nice girlfriend in prison, of very whiney.

My disgust for these people is well placed. Being a tax cheat is bad enough, but helping others cheat is beyond scum. I have extreme contempt for ALL tax cheats.

[Vindicator3]

I don't think he's going to prison as tax fraud enforcement seems to be at an all-time low these days. I also don't agree with wishing a prison rape on anyone.

That said, this isn't financial savvy. It's tax fraud, and I agree that doing it is terrible and selling it as a service to other tax cheats is worse.

Tax avoidance is savvy, tax evasion is criminal. Don't confuse them.

[BloomRunsDubs]

Originally Posted by BlkGS

Nah, ed's a douchebag who is everything wrong with big parts of the car community. He's gonna make someone a very nice girlfriend in prison, of very whiney.

My disgust for these people is well placed. Being a tax cheat is bad enough, but helping others cheat is beyond scum. I have extreme contempt for ALL tax cheats.

You are entitled to your own opinion.

I guaranteed Ed’s contributed more in taxes in his lifetime than you or I. There’s nothing wrong with looking at all the ways our tax dollars are being wasted and looking for was around paying certain taxes. There is people that get away with much worse things on a daily basis, registering a car in Montana and helping other people do the same would be a victimless crime if even a crime at all.

I highly doubt anyone has ever gone to prison for this or even been arrested? Not 100% sure

You guys are all free to lick the boot but don’t expect everyone else to want to do the same.

[Mech Spec]

Clearly there has been enforcement and states are looking to make it illegal.

https://www.hagerty.com/media/market...s%20it%20work?

99% chance there have been other individual cases of enforcement that didn't make it to the public eye.

Here's and article where they looked to levy criminal charges against SD registrations in missouri

https://excelsiorcitizen.com/major-c...of%20the%20law.

[Vindicator3]

Originally Posted by Mech Spec

criminal charges against SD registrations in missouri

In Missouri, sales taxes are charged when you buy the vehicle and personal property taxes are collected annually based on the value of the vehicle. So in addition to the one-time crime of evading the sales tax (on which the SoL may eventually run out), you have an ongoing annual crime of evading the property tax, increasing the likelihood of enforcement. I don't know how many other states charge both of these taxes. In my part of the state, IL registrations are an issue - they don't help with evading sales taxes but IL doesn't charge property tax so it's a popular dodge for those who'd rather save a few bucks than fulfill their obligations and comply with the law.

Around here sales taxes mostly go to cities and property taxes mostly go to school districts, so the victims of these victimless crims are your parks, police and fire depts, etc. on the former and your local schools on the latter.

In the other thread on this topic from a while back, there's a YoutTube video posted from a lawyer who makes clear this isn't a good idea because, among other things, it's illegal. There is nothing wrong with wanting to pay lower taxes and there's nothing wrong with looking for legal ways around paying any or all taxes. This, being illegal, just isn't one of them.

[Vindicator3]

Sales taxes, property taxes, inspection fees...

Could be worse, could be Singapore!

https://www.nytimes.com/2025/03/24/w...re-luxury.html

[BlkGS]

Originally Posted by Vindicator3

Sales taxes, property taxes, inspection fees...

Could be worse, could be Singapore!

https://www.nytimes.com/2025/03/24/w...re-luxury.html

Singapore would execute people for evading taxes like the Montana LLC lol.

[dumptruck]

Originally Posted by BloomRunsDubs

You are entitled to your own opinion.

I guaranteed Ed’s contributed more in taxes in his lifetime than you or I. There’s nothing wrong with looking at all the ways our tax dollars are being wasted and looking for was around paying certain taxes. There is people that get away with much worse things on a daily basis, registering a car in Montana and helping other people do the same would be a victimless crime if even a crime at all.

I highly doubt anyone has ever gone to prison for this or even been arrested? Not 100% sure

You guys are all free to lick the boot but don’t expect everyone else to want to do the same.

Maybe he should create a shell corp and never pay any taxes at all? This isn’t savy, its crime.

But you are free to lick the corporate boot and assume society operates on other people’s backs.

[pbonsalb]

Some people don’t care about anything other than themselves and their money.

[Humdizzle]

anyone catch the plates on the Chris Harris Mclaren F1 video a few posts down ?

[G MONEY]

Originally Posted by pbonsalb

Some people don’t care about anything other than themselves and their money.

Also known as Congress When they stop being able to trade on the stock market, I will stop looking into every loophole on the planet. To each their own. I e at least visited Montana once so……. Lol

[x622]

This thread is eye-opening. God forbid some of the finance geniuses in here figure out how LLCs, trusts and corporate structures work.

Or you know, look at countries like Ireland and Libera. So weird how all the flags on ships are from Liberia... Weird how all the tech companies are based out of Ireland. Sooooo weird. Next thing you know they'll want the CFO's heads to roll because they're gypping the government on taxes. How dare Alphabet only pay a 15-16% tax rate!

Oy vey! Think of all those shekels the nice politicians could appropriate for their bullshit social projects (NGOs) guys!

[LH44]

Originally Posted by pbonsalb

Some people don’t care about anything other than themselves and their money.

Have you done your taxes this year yet? Curious to how much additional you chose to pay over what you were required to. Paying the minimum is kinda selfish.

[dumptruck]

Originally Posted by x622

This thread is eye-opening. God forbid some of the finance geniuses in here figure out how LLCs, trusts and corporate structures work.

Or you know, look at countries like Ireland and Libera. So weird how all the flags on ships are from Liberia... Weird how all the tech companies are based out of Ireland. Sooooo weird. Next thing you know they'll want the CFO's heads to roll because they're gypping the government on taxes. How dare Alphabet only pay a 15-16% tax rate!

Oy vey! Think of all those shekels the nice politicians could appropriate for their bullshit social projects (NGOs) guys!

Its still crime, it just goes unpunished because we observe the sovereignty of nations. Your life is actually worse off because of it; but that isnt why you hold this view to begin with.

[Vindicator3]

This has nothing to do with Congress, as the federal govt gets no share of the sales taxes or property taxes that one is evading by falsely registering your vehicle in a state where you don't live. Likewise for NGOs and their social projects (?), which at least in my state don't get a share of sales or property taxes on vehicles.

This also has nothing to do with how LLCs work or registering ships in Liberia, etc. There are tests for all of those things that one must satisfy in order for them to be legal. Registering your ship to Liberia is legal if you meet the legal test for doing so, and it's not if you don't. Registering your car to a Montana LLC is (presumably) perfectly legal. What makes it illegal is using that scheme to avoid the requirement in your state that if you live in your state and have a car, you have to pay sales taxes and/or property taxes on that car in your state.

Paying the minimum on your taxes instead of volunteering to pay more is about tax avoidance, which is perfectly legal. Using a Montana LLC to register your California car is about tax evasion, which is illegal. There's a difference.

The legal way to take advantage of Montana taxation on your Lambo is to move to Montana.

[Vindicator3]

Some of the posts above took me back to the young Jeff Goldblum:

[XutvJet]

Originally Posted by Vindicator3

Registering your car to a Montana LLC is (presumably) perfectly legal. What makes it illegal is using that scheme to avoid the requirement in your state that if you live in your state and have a car, you have to pay sales taxes and/or property taxes on that car in your state.

That's the deal right there. Montana does this whole LLC thing to collect revenue for an unpopulated state. Technically they're doing nothing illegal. It's the folks evading taxes in their owns states that are partaking in an illegal scheme. Most states see it that way.

[Vindicator3]

Correct. Your state doesn't care what LLCs you form to own your vehicle, and where those LLCs are domiciled. Your state cares about whether you live in it and whether you own (directly or through an LLC) a vehicle you keep in it. If you do, they expect you to pay the same taxes on it that everyone else does and titling it through a Montana LLC (when you actually live and keep the car in your state) doesn't free you from that legal obligation.

There are lots of tax dodges that are legal (HSA, Roth IRA, charitable deductions, EV tax credits, and so on down the line), this just isn't one of them.