http://www.msnbc.msn.com/id/11428357/ I'd heard about these tax deductions businesses buying huge SUVs but I didn't realize the amount was so large until I read this article.
Yup. Can you say "loop hole?" I cringe every time somebody complains about my big tax break for the Prius. "We're paying for you car!" they rant. Well, we *should* be paying for the solution. Giving tax breaks for the problem is just insane.
Yep. When I first heard about that a couple years ago, I printed it. Only once do people talk to me mockingly about the hybrid tax incentives. After I whip out that piece, they don't bother me again. But it does explain why I see so many Hummers with a little business labelling on the sides or windows.
wait.. i dont really understand this claim for depreciation business... so if you get a 60,000 dollar suv you can get the inital 25 and then 35 for depreciation over x amount of years so you really only pay nothing? edited b/c my math was wrong. i'm a lame excuse for an engineer =_=
I think someone a while back indicated that initially the tax breaks were aimed for agricultural use. At the time, the lawmakers didn't expect personal vehicles to reach that weight.
i think there should be a limit to how heavy a car can be. i mean... if they keep going heavier and heavier its just going to get more dangerous for other people on the road
