2003-01-22 17:33:47+00 by TC 7 comments
Since I'm doing the taxes(yeeech) I've been researching various deductions and came across the proposed SUV deduction and thought I'd pass it along since this group seems to be <sarcasum> so cozy with dubya</sarcasum> I thought it would help you understand the <sarcasum>genius</sarcasum> of his domestic policy.
[ related topics: Politics Humor moron ]
comments in ascending chronological order (reverse):
#Comment made: 2003-01-22 18:28:03+00 by: ziffle
</sarcasum> Actually it doesn't go far enough -- If you spend the money, it should be deductible, period. They should not be limiting the amount -- this all presumes for arguments sake that taxes are acceptable - which is not true of course.
Ziffle
#Comment made: 2003-01-22 18:29:28+00 by: ziffle
</sarcasum> Actually it doesn't go far enough -- If you spend the money, it should be deductible, period. They should not be limiting the amount -- this all presumes for arguments sake that taxes are acceptable - which is not true of course.
Ziffle
#Comment made: 2003-01-22 18:37:49+00 by: ziffle
I did not intend to send it twice - in fact I didn't - I hit refresh and there it was. Sorry. Ziffle
#Comment made: 2003-01-22 19:42:19+00 by: Dan Lyke
Yep, I recently double-posted. I had a fix in there once, but it got lost.
Oh, and todd, there's no "u" in "sarcasm".
While I'm hardly one to come down the side of large vehicles, it should be noted that public transit is heavily subsidized, and programs like Commuter Checks (which I'm just in the process of getting) can further reduce tax-based vehicle costs.
#Comment made: 2003-01-22 20:20:22+00 by: petronius
The article cited almost refutes its own headline. First, the deduction is for trucks, as defined by their empty weight, not SUVs specifically. Now, while SUVs get in under the CAFE ratings by being treated as trucks rather than cars, I can't see this as being a major boost to SUV sales.(not that they need it)The other issue is that these vehicles must be for business use. My wife is an IRS agent, and the first thing they look at when a salesman is audited is the car. Any possible deduction is only for business use, as measured in timely-kept logs. The first time you use it to go buy ice-cream you lose part of the deduction. The bar is fairly high on what the Service will accept as regards logs and other records. it is a hassle, and anything you can't prove gets thrown out.
#Comment made: 2003-01-22 22:44:53+00 by: TC
Dan,Oh, and todd, there's no "u" in "sarcasm".
Doh! I'll go find a punishment link and follow it. Now I have to modify my markup tag proposal to the http://www.w3.org/MarkUp/
Ziffle, to think we can go a time where taxes are not needed would be naive. The system is highly flawed and must not only be fixed to be a balanced budget but we need to correct previous mistakes as well.
Petronius, the incentive to buy a huge(6,000+ lbs) vehicle for your small business is very very strong if you have a small profitable business.
#Comment made: 2003-01-23 12:15:41+00 by: meuon
Incentive or not. I'm a GEEK and yesterday my truck (F150 Crew Cab): Morning: Clipped on roof racks and tool a 32ft latter and a collapsible 70ft mast to an install. the truck was FULL of gear and tools. Noonish: Ran a couple of service calls Afternoon: Picked up 6 8ft lights and electrical stuff at electric supply house. Evening: Moved office furniture
My point is: almost ANY small business needs aat least ONE good sized truck/van/etc.. The bad news is, because I did not buy an optioned out, big engine or 4x4 version, (260ci 2w drive, cloth seats) my truck is LESS that 6k lbs. the good news is. I get 19-22mpg. - Got 46k miles in less than a year as well. I need a bigger truck, but don't want the penalty of bad milage and payments for the 2% of the time I need a bigger truck.
And.. although I mostly drive my nice new truck, I keep a paid for '84/86 Bronco for personal use. :)