Return-Path: Received: from pop3.olsusa.com ([63.150.212.2] verified) by logan.com (CommuniGate Pro SMTP 3.4.5) with ESMTP id 764372 for rob@logan.com; Wed, 25 Apr 2001 07:57:44 -0400 Received: from mail0.mco.bellsouth.net ([205.152.111.12]) by pop3.olsusa.com (Post.Office MTA v3.5.3 release 223 ID# 0-71175U5500L550S0V35) with ESMTP id com for ; Wed, 25 Apr 2001 07:26:07 -0400 Received: from Bellsouth (adsl-80-198-249.jax.bellsouth.net [65.80.198.249]) by mail0.mco.bellsouth.net (3.3.5alt/0.75.2) with SMTP id HAA14246 for ; Wed, 25 Apr 2001 07:32:28 -0400 (EDT) Message-ID: <003d01c0cd7a$91fc2920$0201a8c0@net.Bellsouth.net> From: "DOUGLAS W JOHNSON" To: "lancair list" Subject: taxes Date: Wed, 25 Apr 2001 07:26:24 -0400 MIME-Version: 1.0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit X-Mailing-List: lancair.list@olsusa.com Reply-To: lancair.list@olsusa.com <<<<<<<<<<<<<<<<--->>>>>>>>>>>>>>>> << Lancair Builders' Mail List >> <<<<<<<<<<<<<<<<--->>>>>>>>>>>>>>>> >> In Florida, I got a similar letter from the state while I was still in the building process, and I called them to discuss the matter. They said, in essence, "Look, you can pay the tax on the amount you paid for the kit now, or pay the tax on the value of the aircraft when you are done, your choice...." Reading between the lines, it may behoove you to pony up on that $80k kit NOW, and be done with it, before you have a 300k+ aircraft on your hands.... Douglas W. Johnson MD. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> LML website: http://www.olsusa.com/Users/Mkaye/maillist.html LML Builders' Bookstore: http://www.buildersbooks.com/lancair Please send your photos and drawings to marvkaye@olsusa.com. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>