PlatinumGold
Lifer
Why does the american car buyer continue to buy JUNK??
WHO would want this thing? What appeal does this vehicle have for ANYONE?
WHO would want this thing? What appeal does this vehicle have for ANYONE?
Originally posted by: forcesho
theres a 100,000 write off for small business... think of it.. half price
Originally posted by: forcesho
theres a 100,000 write off for small business... think of it.. half price
Originally posted by: PlatinumGold
Why does the american car buyer continue to buy JUNK??
WHO would want this thing? What appeal does this vehicle have for ANYONE?
Originally posted by: forcesho
The SUV loophole is within Section 179 of the Internal Revenue Code that allows small businesses to deduct the full cost of all sorts of equipment that was put into service during a tax year. Until the new bill had passed, the limit on such deductions was $25,000 with a phaseout as the cost of acquisitions hit $200,000. The $200,000 phaseout effectively excluded large businesses that make millions of dollars of acquisitions from taking advantage of the deduction. With the new bill, the limit on deductions has been raised to $100,000 and the phaseout has been raised to $400,000. "The intent of this is to stimulate capital expenditures," explains Mitchell Kauffman, a financial planner based in Pasadena, California. "That's about a third of the economy and a segment that's been lagging."
http://www.edmunds.com/advice/specialreports/articles/100280/article.html?tid=edmunds.n.mainindex.advice.special.2.*
people are pushing H2 like crazy
The financial benefit is only as great as the marginal tax rate based on the taxpayer's total income.
Originally posted by: forcesho
its for small business but dealer dont ask and dont need proof.. ANY one can buy it
Originally posted by: Evadman
Originally posted by: forcesho
its for small business but dealer dont ask and dont need proof.. ANY one can buy it
but the Gov will not credit your taxes with it ya doof. The $ is a reduction in your taxes, not a check from the dealer.
Then why in the hell did you say it? Just what we need another ex-AOL'er.Originally posted by: forcesho
i dont know jack about this, i dont even know how taxes work hahaha, i saw this on MSNBC and was just telling you what I heard from the TV
Originally posted by: PlatinumGold
Why does the american car buyer continue to buy JUNK??
WHO would want this thing? What appeal does this vehicle have for ANYONE?
Originally posted by: Evadman
Then why in the hell did you say it? Just what we need another ex-AOL'er.Originally posted by: forcesho
i dont know jack about this, i dont even know how taxes work hahaha, i saw this on MSNBC and was just telling you what I heard from the TV
Originally posted by: placebo139
forgive me for my stupidity about cars... but would someone care to explain what's wrong with an H2?