Stupid premise of Bush tax plan allowing small business to buy SUV for write off.

Epidemic · 02-04-2003, 11:24 AM

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, 12:03 PM

Maybe the SUV lobby donated errr.....soft dollars to the GOP.

nomaxim · 02-04-2003, 12:08 PM

Sounds like some twisted plot to keep the war on terrorism going.

Get more Americans to drive gas guzzlers, buy more oil from the Arabs, collect more taxes on the gas to buy more bombs to drop on the Arabs.

Makes perfect sense to me

no1_vern · 02-04-2003, 12:18 PM

Makes me wish I had a small business.
Vern

Epidemic · 02-04-2003, 12:35 PM

Why would you want to buy a SUV as your first choice when deciding on upgrading your company? I just do not get the logic.

Perhaps the laundry business will buy a box truck to transport tons of clothes. Maybe it would use the money to buy new scanners for the grocery cashiers.

Me no understand the logic.

They also implied that it was a give away to the rich.

But it is targeted at small business. Isn't the average small business owner usually not mentioned in the same breath as rich people.

PS it is a great ploy by the liberals though. It really strikes a cord with the give aways to the rich crowd.

M_Six · 02-04-2003, 03:05 PM

There is already a similar tax break for such vehicles. It was originally meant to assist farmers, but the way it's worded you just have to own a business to qualify. I watched something on ABC Evenings News about it last week. Accountants were advising their clients to buy a new SUV for the tax break.

No wonder the gov't is broke.