Tax breaks for SUV's

[Dave Farber <dave () farber net>]

-------- Original Message --------
Subject: Re: [IP] Tax breaks for SUV's
Date: Sat, 18 Feb 2006 23:34:12 -0800
From: Joe Touch <touch () ISI EDU>
To: dave () farber net
References: <43F7D17F.3010203 () farber net>

Dave,

The deduction for work vehicles is a cute trick but known for a long time.

What would happen to these owners of commercial-weight vehicles if they
couldn't use them in their own residential areas?

http://www.ci.manhattan-beach.ca.us/municode/Title_14/48/020.html

Joe

Dave Farber wrote:
> -------- 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)
>
>
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