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Lets talk U.S. sales and use tax. In order to avoid the tax, by shipping a car overseas, the dealer has to ship the car directly. Else, you would have to take possession of it in order to move it yourself, which would require payment of sales tax. Some dealerships will write up the paperwork in such a way that it appears as if they are shipping it, but you are actually the shipper. They would simply indicate for delivery to China. You would get temporary or tranport tags to move the vehicle to the shipping doc.
The taxes for export are:
Value added tax of 17%
Consumption tax of 8% (if over 2200 cc engine)
You pay value added tax n the tarrif as well so 17% times the 34.2%
There is no export tax for the car.
Tarrif: 32.4% X 80,000 = 25,920
VAT: 17% X 80,000 = 13,600
Use tax: 8% X 80,000 = 6,400
Vat again 17% X 32.4%=.0551 (5.51%) X 80,000 = 4,408
TOTAL tax on entry to China: 50,328 dollars or roughly 62 % of the price of the car.
You are going to have to pay sales tax most likely in bloomington. I assume you mean bloomington, minnesota.
remember, if you take possession of the car, even to transport it yourself to a shipper, sales tax is required. It has to be delivered by common carrier or by the dealership to the ship in order for you to avoid sales tax.
There is no export tax in the U.S.: In the US, export taxes are unconstitutional since the US constitution contains a clause prohibiting their use. The U.S. did enact an export profits tax law, but that does not apply in exporting for personal use.
There is no property tax in the united states in any state where the car is not garaged. if it is garaged in a state wihtout property tax or outside the U.S. there is no property tax to pay.
You are permitted to sell a few cars a year without paying income tax on the proceeds as it is considered your personal car and you are not doing it for profit. Every state is differnet in this regard.
Some allow four cars per year and some eight.
for sure, for this one car, you would not have to pay capital gains or income tax in the United states.
The sale of a car in china may be subject to tax in china, but not the U.S.