ResellerRatings Store Ratings - View Single Post - Stupid premise of Bush tax plan allowing small business to buy SUV for write off.

Epidemic · 02-04-2003, 12:24 PM

http://www.usatoday.com/money/autos/...-20-suvs_x.htm

This is among the most stupid premises I have seen.

They are absolutely right about the ability to buy an SUV but the likelyhood is laughable.

The plan as I understood it would allow small business to write off 75,000 dollars worth of equipment (Not excluding SUV).

Oh yea I am going to start up a new business and buy an suv rather than a new hummigigger to run my business.

Yea the rich are really winning on this one. They can forgo the purchase of equipment critical to their success so that they can purchase an SUV.

Again I say DUH!!!

from the article
As a result, an accountant who'd do fine with a 30-mile-per-gallon compact sedan as a company car could be enticed into a big, 15-mpg SUV instead because of the deduction. Or a real estate agent about to buy a 20-mpg midsize SUV that doesn't qualify for the deduction might opt for a full-size SUV instead, because it does qualify.

Again I say DUHHHH! The accountant could get the econobox and write off the new server upgrade. Or simply just get the SUV. Doy duh uhduh!

02-04-2003, 12:24 PM	#1 (permalink)
Epidemic Registered User Join Date: Mar 2002 Posts: 400	See today's most popular deals at » Stupid premise of Bush tax plan allowing small business to buy SUV for write off. http://www.usatoday.com/money/autos/...-20-suvs_x.htm This is among the most stupid premises I have seen. They are absolutely right about the ability to buy an SUV but the likelyhood is laughable. The plan as I understood it would allow small business to write off 75,000 dollars worth of equipment (Not excluding SUV). Oh yea I am going to start up a new business and buy an suv rather than a new hummigigger to run my business. Yea the rich are really winning on this one. They can forgo the purchase of equipment critical to their success so that they can purchase an SUV. Again I say DUH!!! from the article As a result, an accountant who'd do fine with a 30-mile-per-gallon compact sedan as a company car could be enticed into a big, 15-mpg SUV instead because of the deduction. Or a real estate agent about to buy a 20-mpg midsize SUV that doesn't qualify for the deduction might opt for a full-size SUV instead, because it does qualify. Again I say DUHHHH! The accountant could get the econobox and write off the new server upgrade. Or simply just get the SUV. Doy duh uhduh! Last edited by Epidemic : 02-04-2003 at 12:26 PM.