00:00Can I ask you a question, a business question?
00:02Sure.
00:04Let's take your car.
00:06How much is that worth?
00:09It's leased, so it's not worth anything to me.
00:11But if you owned it?
00:13$300,000.
00:15And if you sold that to me for $1, would that be illegal?
00:18It would be stupid, but it wouldn't be illegal.
00:20Okay.
00:21So I buy this car for $1,
00:23and then I take this $300,000 car that I bought for $1,
00:27and I register it.
00:29What do I pay in sales tax?
00:30Is it based off what I paid or the value of the car?
00:36What are you cooking?
00:37Just answer the question.
00:39Tax is based on what you paid for.
00:45That's what I thought.
00:58I'm going to pay for $1,000.
00:58I'm going to pay for $1,000.
00:58I'm going to pay for $1,000.
00:58I'm going to pay for $1,000.
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