Interesting People mailing list archives
Tax breaks for SUV's
From: Dave Farber <dave () farber net>
Date: Sat, 18 Feb 2006 21:01:35 -0500
-------- Original Message -------- Subject: Tax breaks for SUV's Date: Sat, 18 Feb 2006 20:49:29 -0500 (EST) From: EEkid () aol com To: dave () farber net "Federal tax rules that took effect last month allow a credit of up to $3,150 for anyone buying a hybrid car. The credit is the same regardless of tax bracket. However, owners of small businesses who buy a Hummer, Ford Excursion or other SUV weighing more than 3 tons get a deduction of up to $25,000 — depending on tax bracket — if they use the vehicle exclusively for work. The benefits don't stop there. Once they subtract the $25,000 from the cost of their 3-ton SUV, small business owners can deduct the depreciation on the remaining amount. Someone who bought a $60,000 SUV, for example, can claim the remaining $35,000 over six years." _http://news.yahoo.com/s/ap/20060218/ap_on_bi_ge/suvs_tax_breaks;_ylt=Ai9OXKlD wlVWUrnoqpmDDZIDW7oF;_ylu=X3oDMTBiMW04NW9mBHNlYwMlJVRPUCUl_ (http://news.yahoo.com/s/ap/20060218/ap_on_bi_ge/suvs_tax_breaks;_ylt=Ai9OXKlDwlVWUrnoqpmDDZIDW7 oF;_ylu=X3oDMTBiMW04NW9mBHNlYwMlJVRPUCUl) ------------------------------------- You are subscribed as lists-ip () insecure org To manage your subscription, go to http://v2.listbox.com/member/?listname=ip Archives at: http://www.interesting-people.org/archives/interesting-people/
Current thread:
- Tax breaks for SUV's Dave Farber (Feb 18)
- <Possible follow-ups>
- Tax breaks for SUV's Dave Farber (Feb 19)