Re: what about that business-use tax writeoff? - Saab General Bulletin Board - Saabnet.com
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Re: what about that business-use tax writeoff?
Posted by Brian Lee [Email] (more from Brian Lee) on Thu, 28 Aug 2003 07:22:25
In Reply to: Re: what about that business-use tax writeoff?, MJP, Thu, 28 Aug 2003 06:01:52
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The big difference with the hummer write off is that cars can be depreciated about 3k/year. So if you buy a 40k aero, it will take you 13 years to get the full write off. Plus, the IRS may query why you need a 40k luxury car.
If you buy an suv over 6,000 pounds you can write off 1/5 per year. So if you buy a hummer for 50k you can deduct 12.5k/year.
This is a big difference.
posted by 63.168.4...
Posts in this Thread:
- OT: $2,000 in incentives on 2003 Hummers, andy , Wed, 27 Aug 2003 13:48:49
- what about that business-use tax writeoff?, Jason 0W-40, Wed, 27 Aug 2003 22:37:16
- Maybe they'll sendum' all to Iraq., Jon in Chicago, Wed, 27 Aug 2003 15:00:02
- Re: OT: $2,000 in incentives on 2003 Hummers, Dean, Wed, 27 Aug 2003 14:51:35
- Correction, phred, Wed, 27 Aug 2003 14:50:04
- So I get paid to get a Hummer?, FrozenSaab, Wed, 27 Aug 2003 13:53:00
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