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mtn
mtn MegaDork
2/18/13 8:41 a.m.
T.J. wrote: It seems that Indians must be working under a different set of rules than the rest of us or something.

They consider themselves sovereign nations. So yes, they do.

wbjones
wbjones MegaDork
2/18/13 8:43 a.m.
Datsun1500 wrote: I had to pull up their webpage just to look. My favorite line is this:
Please be aware that not all applicants will qualify for every loan product or the lowest interest rate for a particular loan product. Some applicants will not qualify for any of the products.
This is just above the rate chart showing from 89% to 350% interest rate. We can get you a loan Mr. Jones but I am sorry to say you don't qualify for the low 350% rate.... I can get it done for 485% if that will help....

I thought I had better credit than that

RossD
RossD MegaDork
2/18/13 10:28 a.m.

I hear their ads on the radio. They say something like they're "operating within the exterior boundaries of the [...] Reservation".... what the hell does that mean?

mtn
mtn MegaDork
2/18/13 10:57 a.m.
RossD wrote: I hear their ads on the radio. They say something like they're "operating within the exterior boundaries of the [...] Reservation".... what the hell does that mean?

It means that they are operating within their reservation, which they view as a sovereign nation independent of the USA, so they don't have to follow the laws of the USA.

spitfirebill
spitfirebill MegaDork
2/18/13 11:10 a.m.
mtn wrote:
RossD wrote: I hear their ads on the radio. They say something like they're "operating within the exterior boundaries of the [...] Reservation".... what the hell does that mean?
It means that they are operating within their reservation, which they view as a sovereign nation independent of the USA, so they don't have to follow the laws of the USA.

Doesn't sound like that to me. Sounds like they are no where near the reservation, but are operating within their rules.

slefain
slefain PowerDork
2/18/13 11:15 a.m.

Pauly "Two Knuckles" ain't gonna be happy about these folks muscle'n in on his loan business, capiche?

AngryCorvair
AngryCorvair GRM+ Memberand MegaDork
2/18/13 11:32 a.m.
spitfirebill wrote:
mtn wrote:
RossD wrote: I hear their ads on the radio. They say something like they're "operating within the exterior boundaries of the [...] Reservation".... what the hell does that mean?
It means that they are operating within their reservation, which they view as a sovereign nation independent of the USA, so they don't have to follow the laws of the USA.
Doesn't sound like that to me. Sounds like they are no where near the reservation, but are operating within their rules.

how can "within the exterior boundaries" be the same as "nowhere near"?

get a piece of paper. draw a big square on it. label the square "exterior boundaries". put something inside it. that thing is now "within the exterior boundaries", yes?

Duke
Duke MegaDork
2/18/13 11:41 a.m.
RossD wrote: "operating within the exterior boundaries of the [...] Reservation"

That means that the business operation is contained within the physical property of the reservation, and is therefore part of a sovereign nation, not part of the US.

MadScientistMatt
MadScientistMatt PowerDork
2/18/13 1:05 p.m.

For that matter, the reason you see so many credit cars out of Wilmington, Delaware? Delaware doesn't have much in the way of laws about loan sharking. States can play those games the same as Indian reservations.

pinchvalve
pinchvalve GRM+ Memberand MegaDork
2/18/13 1:28 p.m.

Take that, white man.

spitfirebill
spitfirebill MegaDork
2/18/13 2:24 p.m.
AngryCorvair wrote:
spitfirebill wrote:
mtn wrote:
RossD wrote: I hear their ads on the radio. They say something like they're "operating within the exterior boundaries of the [...] Reservation".... what the hell does that mean?
It means that they are operating within their reservation, which they view as a sovereign nation independent of the USA, so they don't have to follow the laws of the USA.
Doesn't sound like that to me. Sounds like they are no where near the reservation, but are operating within their rules.
how can "within the exterior boundaries" be the same as "nowhere near"? get a piece of paper. draw a big square on it. label the square "exterior boundaries". put something inside it. that thing is now "within the exterior boundaries", yes?

I comprende. Why not just say within the boundaries? They are being obtuse.

Duke
Duke MegaDork
2/18/13 2:37 p.m.
MadScientistMatt wrote: For that matter, the reason you see so many credit cars out of Wilmington, Delaware? Delaware doesn't have much in the way of laws about loan sharking. States can play those games the same as Indian reservations.

Actually, it's not that we don't have regulations about loan sharking. It's because our state incorporation laws and tax structure are written to favor business. There is no personal or corporate income tax in this state, even for businesses incorporated here but operating elsewhere. There are a host of other reasons, mostly having to do with corporate management and shareholder voting requirements.

wbjones
wbjones MegaDork
2/18/13 3:01 p.m.
Duke wrote:
MadScientistMatt wrote: For that matter, the reason you see so many credit cars out of Wilmington, Delaware? Delaware doesn't have much in the way of laws about loan sharking. States can play those games the same as Indian reservations.
Actually, it's not that we don't have regulations about loan sharking. It's because our state incorporation laws and tax structure are written to favor business. There is no personal or corporate income tax in this state, even for businesses incorporated here but operating elsewhere. There are a host of other reasons, mostly having to do with corporate management and shareholder voting requirements.

no personal income tax ? or just no corporate income tax ?

DELAWARE

Sales Taxes State Sales Tax: None Delaware does not impose a state or local sales tax, but does impose a Gross Receipts Tax on the seller of goods (tangible or otherwise) or provider of services in the state. Business and occupational gross receipts tax rates range from 0.1037% to 2.0736%, depending on the business activity. Gasoline Tax: 41.4 cents/gallon (Includes all taxes) Diesel Fuel Tax: Tax 46.4 cents/gallon (Includes all taxes) Cigarette Tax: $1.60 cents/pack of 20

Personal Income Taxes Tax Rate Range: Low – 2.2%; High – 6.75% Income Brackets: Lowest – $5,000; Highest – $60,000 Number of Brackets: 6

http://taxes.about.com/od/statetaxes/a/tax-free-states.htm

The IRS isn't the only one who wants a piece of your paycheck - 41 states have a broad-based individual income tax. Only seven states lack an income tax altogether. They are:

Alaska Florida Nevada South Dakota Texas Washington Wyoming

RossD
RossD MegaDork
2/18/13 3:05 p.m.
spitfirebill wrote:
AngryCorvair wrote:
spitfirebill wrote:
mtn wrote:
RossD wrote: I hear their ads on the radio. They say something like they're "operating within the exterior boundaries of the [...] Reservation".... what the hell does that mean?
It means that they are operating within their reservation, which they view as a sovereign nation independent of the USA, so they don't have to follow the laws of the USA.
Doesn't sound like that to me. Sounds like they are no where near the reservation, but are operating within their rules.
how can "within the exterior boundaries" be the same as "nowhere near"? get a piece of paper. draw a big square on it. label the square "exterior boundaries". put something inside it. that thing is now "within the exterior boundaries", yes?
I comprende. Why not just say within the boundaries? They are being obtuse.

Exactly! Talk to me about their interior boundries.

mtn
mtn MegaDork
2/18/13 3:06 p.m.
spitfirebill wrote:
AngryCorvair wrote:
spitfirebill wrote:
mtn wrote:
RossD wrote: I hear their ads on the radio. They say something like they're "operating within the exterior boundaries of the [...] Reservation".... what the hell does that mean?
It means that they are operating within their reservation, which they view as a sovereign nation independent of the USA, so they don't have to follow the laws of the USA.
Doesn't sound like that to me. Sounds like they are no where near the reservation, but are operating within their rules.
how can "within the exterior boundaries" be the same as "nowhere near"? get a piece of paper. draw a big square on it. label the square "exterior boundaries". put something inside it. that thing is now "within the exterior boundaries", yes?
I comprende. Why not just say within the boundaries? They are being obtuse.

The "external" comes in because it is effectively a foreign country. Even though the reservation is entirely within the USA, the borders are "external boundries".

allen_m
allen_m New Reader
2/18/13 3:49 p.m.

The boundries of the Cheyenne River Indian Reservation with offices in Timber Lake S.D.

Duke
Duke MegaDork
2/18/13 3:52 p.m.

Yes, in fact I just filed my Delaware income taxes. I meant to say we have no corporate income tax or personal sales tax.

wbjones
wbjones MegaDork
2/18/13 8:21 p.m.

dang it .... I was hoping that there was another state that had decided to leave our income alone

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