Only in North Carolina

[APDrone]

Wasnt unjust tax laws one of the reasons we started to kill the brits?

So you're saying that taxing something that you're not supposed to have is 'unjust'?

That's a little different than unjustly taxing something you're allowed to have.

[Elfie]

Don't get sales tax confused with stamp taxes.

Stamp taxes are taxes you pay once you've 'acquired' the product, not sold it. Like cigarettes. When you buy a pack of smokes, there will be a stamp indicating a tax has already been paid on that item by the vendor( or somebody else in the distribution line )  The amount of taxes necessary vary by state.. but it looks like $3.50 per gram of weed vs.  $200 per gram of other controlled substance ( cocaine, heroin.. etc )

This way,  when a driver gets busted on the interstate with 100 kilos of cocaine and $1,000,000 in cash, the state steps in and grabs $200,000 in 'tax' revenue.. plus any penalties, I would imagine, right out of the $1,000,000 cash.   

They still haven't sold the stuff, so how does the state expect them to be able to pay it? Especially while they are in jail......

[lasersailor184]

Wasnt unjust tax laws one of the reasons we started to kill the brits?

Actually, no.  The british tax laws were more just than the ones we put in place post Revolution.

[APDrone]

They still haven't sold the stuff, so how does the state expect them to be able to pay it? Especially while they are in jail......

Well, not knowing the people involved or all the circumstances, it still seems more like a property tax that isn't renewed every year.

Suppose you wanted a boat.  You have $30,000.  You find one for $28,000.  After 7% sales tax ( assuming state sales tax only in this case ) your total expense would be $29,960.  Since a boat is considered personal property, it is also taxed ( or licensed ) for another 3% each year of the value of the boat.  In this case, you would need another $840.. which would leave you with $800 short of what you needed to buy, and use, the boat.

Would you buy the boat?

You might be able to buy the boat and not license it.. but if you got caught.. you'd have to come up with the $800.. plus penalties..etc.  And if you got caught because you did something that landed you in jail.. you'd still be expected to pay it, right?

[john9001]

the govt can and will tax everything. Why? Because they can. And i do mean everything.

[Elfie]

Well, not knowing the people involved or all the circumstances, it still seems more like a property tax that isn't renewed every year.

Suppose you wanted a boat.  You have $30,000.  You find one for $28,000.  After 7% sales tax ( assuming state sales tax only in this case ) your total expense would be $29,960.  Since a boat is considered personal property, it is also taxed ( or licensed ) for another 3% each year of the value of the boat.  In this case, you would need another $840.. which would leave you with $800 short of what you needed to buy, and use, the boat.

Would you buy the boat?

You might be able to buy the boat and not license it.. but if you got caught.. you'd have to come up with the $800.. plus penalties..etc.  And if you got caught because you did something that landed you in jail.. you'd still be expected to pay it, right?

The amount NC wants to levy is over 88,000, quite a bit more than your example. I can understand your example but 88 grand is pretty ridiculous considering they never sold the stuff.