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J. Clarke J. Clarke is offline
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Default Do you care where your tools are manufactured?

John Horner wrote:
J. Clarke wrote:
B A R R Y wrote:
J. Clarke wrote:
So get the laws changed so that station wagons and old-style
luxury
cars aren't unduly penalized and you'll see SUVs mostly go away.

The laws did change, either this year or in tax year 2006. I seem
to
remember hearing that a Section 179 truck depreciation deduction
went
to 10000 pounds GVW.

I don't own anything that qualifies right now, so I', not
positive.


Huh? What, exactly, does a tax deduction on business use of a
motor
vehicle have to do with the fuel economy laws?


The generous tax deduction for business owned vehicles (which
includes
just about every consultant, small business and contract employee
like
real estate agents) was for a time only available to vehicles with
over a 6,000 lb. gross vehicle weight (vehicle plus full load).
Hummers, Expeditions and the like qualified while normal passenger
vehicles did not. Thus a large number of folks were given a tax
break only if they bought a monster truck instead of a passenger
vehicle. The deduction allowed for a full write off in the year of
purchase.

You can read all about it he

http://www.bankrate.com/brm/itax/biz...20030403b1.asp


What I see there is not the whole story. There are 9 million self
employed, there are 37 million SUVs on the road, so even if every
self-employed person drove one that would only be a quarter of the
total, and that leaves aside the vans and pickups that bring the total
to over 90 million. Thus that tax may be a factor, but it's a long,
long way from the major reason for their popularity. In fact I
wouldn't buy one to get a tax deduction unless the tax deduction came
to an amount greater than the difference in purchase price between
that and something smaller that met my needs.

--
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--John
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(was jclarke at eye bee em dot net)