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article: Tax Breaks Given on Gas-Guzzling SUVs

Discussion in 'Other Cars' started by cwerdna, Feb 18, 2006.

  1. cwerdna

    cwerdna Senior Member

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    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. :eek:
     
    #1 cwerdna, Feb 18, 2006
  2. darelldd

    darelldd Prius is our Gas Guzzler

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    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.
     
    #2 darelldd, Feb 18, 2006
  3. TonyPSchaefer

    TonyPSchaefer Your Friendly Moderator
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    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.
     
    #3 TonyPSchaefer, Feb 18, 2006
  4. flareak

    flareak Fleet Captain

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    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 =_=
     
    #4 flareak, Feb 18, 2006
  5. TonyPSchaefer

    TonyPSchaefer Your Friendly Moderator
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    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.
     
    #5 TonyPSchaefer, Feb 19, 2006
  6. flareak

    flareak Fleet Captain

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    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
     
    #6 flareak, Feb 19, 2006
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