Gee, Thanks, I Think...
Oct. 7th, 2008 10:03 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
snousleWhat a stupid idea:
New SUV and Truck Deduction: Recent high gas prices left automakers with large inventories of
SUVs and trucks and lead them to lobby Congress for help. They won. Congress introduced a oneyear
tax break for vehicles over 6,000 pounds that are purchased for business use. If you purchase a
new SUV or truck before the end of 2008 you can deduct up to the first $25,000 of the purchase
price. The actual deduction is based upon what percentage of business use is dedicated to this vehicle.
Additionally, a generous first-year depreciation deduction is available on these vehicles.
Guess who needs to buy a heavy vehicle for business use this year? [raises hand] Thanks Uncle Sam, you're a fuckhead, but I find it hard to say no.
New SUV and Truck Deduction: Recent high gas prices left automakers with large inventories of
SUVs and trucks and lead them to lobby Congress for help. They won. Congress introduced a oneyear
tax break for vehicles over 6,000 pounds that are purchased for business use. If you purchase a
new SUV or truck before the end of 2008 you can deduct up to the first $25,000 of the purchase
price. The actual deduction is based upon what percentage of business use is dedicated to this vehicle.
Additionally, a generous first-year depreciation deduction is available on these vehicles.
Guess who needs to buy a heavy vehicle for business use this year? [raises hand] Thanks Uncle Sam, you're a fuckhead, but I find it hard to say no.
