Ok...I admittedly own an SUV.
It gets decent mileage, it's built on a minivan (vs truck) frame, and we only almost never drive it in the city, only trips out of the city (Hamptons, Po-town, Illinois, etc).
That said, this
article on the NYTimes disgusts me.
The gist is that due to a confluence of normal tax laws plust incentives passed after the thing last year, self-employed people and small business owners who buy the mega-SUVs can deduct over USD $24,000 from their income this year where in the past they could deduct maybe $7k-8k.
Basically in the
we have to wreck the ecology to save the economy mood of the past year, any vehicle over $24,000 generates a $24,000 capital tax credit.
If you buy a
Hummer, you can deduct up to $34,912 of the $48,000 vehicle price.
(If
you buy a Hummer and drive in in the streets of NYC you are absolutely insane).
e.p.c. posted this at 10:11 GMT on 20-Dec-2002 .
Archive Link
Ok...I admittedly own an SUV.
It gets decent mileage, it's built on a minivan (vs truck) frame, and we only almost never drive it in the city, only trips out of the city (Hamptons, Po-town, Illinois, etc).
That said, this
article on the NYTimes disgusts me.
The gist is that due to a confluence of normal tax laws plust incentives passed after the thing last year, self-employed people and small business owners who buy the mega-SUVs can deduct over USD $24,000 from their income this year where in the past they could deduct maybe $7k-8k.
Basically in the
we have to wreck the ecology to save the economy mood of the past year, any vehicle over $24,000 generates a $24,000 capital tax credit.
If you buy a
Hummer, you can deduct up to $34,912 of the $48,000 vehicle price.
(If
you buy a Hummer and drive in in the streets of NYC you are absolutely insane).
e.p.c. posted this at 10:11 GMT on 20-Dec-2002 .
Archive Link