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North Spore Shop: Cultivation Supplies

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Bush SUV Tax Break
    #1236629 -

Bush proves his status as Lord of Evil once again . . .


Bush plan gives huge tax break to buyers of big SUVs
By David Kiley, USA TODAY

DETROIT — Buying big, luxurious sport-utility vehicles could cost a lot less under the Bush administration's economic stimulus proposal, even though a Bush appointee blasted SUVs last week as dangerous fuel hogs.

Small businesses and the self-employed could deduct the entire cost, up to $75,000, from business income the year of the purchase. Normally it would be written off over several years, using a depreciation schedule. Deducting the entire cost in one year considerably reduces that year's taxable income, and income taxes. In some cases, it could result in paying no federal income tax.

A similar deduction in the current tax code is limited to $25,000. Tripling that creates a much more alluring incentive at a time when SUVs are under fire for fuel consumption and safety concerns.

Bush appointee Jeffrey Runge, head of the National Highway Traffic Safety Administration, scolded automakers at an industry conference one week ago for not making SUVs safer and more fuel efficient. He told reporters that he considers some SUVs so dangerous he wouldn't allow his family in them "if they were the last vehicles on Earth."

A stung auto industry shot back with statistics showing SUVs are very safe in the most common types of crashes.

White House spokesman Taylor Gross said Monday that the provision "is not designed to favor one vehicle over another, but rather to allow small businesses to buy more equipment and to create more jobs."

Computers and other equipment do also get favorable treatment in the provision to help small businesses and the self-employed upgrade their hardware. But the language regarding vehicles limits the tax benefit to those with a gross vehicle weight rating of 6,000 pounds or more. That means full-size SUVs and pickups.

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.

Taxpayers for Common Sense (TCS) estimates that the current deduction cuts tax revenue $1 billion for every 100,000 SUVs, and vows to lobby against tripling the amount. "The market for personal-use SUVs has outgrown the original intent of this tax break," says Aileen Roder of TCS.

"When a loophole gives an accountant an incentive to deduct the cost of his luxury SUV, it makes the argument of how ridiculous" it is, says Jonathan Collegio of Americans for Tax Reform.

During furious SUV sales last month, "We did have some people coming in saying, 'My accountant told me I better buy something,' " says Chevrolet dealer Jerry Haggerty in Glen Ellyn, Ill.




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Re: Bush SUV Tax Break [Re: EchoVortex]
    #1236649 -

Whats fucking next?! :tongue:


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"Know your Body - Know your Mind - Know your Substance - Know your Source.

Lest we forget. "

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Re: Bush SUV Tax Break [Re: EchoVortex]
    #1236747 -

OH SHIT THAT ALSO MEANS A TAX BREAK ON CIGERETTES SO MORE CIGS WILL BE BOUGHT. THAT'LL REALLY KILL THE OZONE!!!!

We must turn commie!!!!!!!!

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Re: Bush SUV Tax Break [Re: Dilauded]
    #1236749 -

The sky is falling!!!


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To call humans 'rational beings' does injustice to the term, 'rational.'  Humans are capable of rational thought, but it is not their essence.  Humans are animals, beasts with complex brains.  Humans, more often than not, utilize their cerebrum to rationalize what their primal instincts, their preconceived notions, and their emotional desires have presented as goals - humans are rationalizing beings.

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Re: Bush SUV Tax Break [Re: EchoVortex]
    #1236778 -

Thanks for the notice but my accountant already knows and will adjust my returns as needed.


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You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity. What one person receives without working for another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for that my dear friend is the beginning of the end of any nation. You cannot multiply wealth by dividing it. ~ Adrian Rogers

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Re: Bush SUV Tax Break [Re: luvdemshrooms]
    #1236848 -

You're scum.

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Re: Bush SUV Tax Break [Re: ]
    #1236893 -

Sounds like you're jealous.


--------------------
You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity. What one person receives without working for another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for that my dear friend is the beginning of the end of any nation. You cannot multiply wealth by dividing it. ~ Adrian Rogers

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Re: Bush SUV Tax Break [Re: luvdemshrooms]
    #1237183 -

Of what may I ask?

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Re: Bush SUV Tax Break [Re: EchoVortex]
    #1237225 -

You're blasting a policy designed to help businesses buy the vehicles they need to operate, under the disguise of environmentalism. You make it sound like I could go out and buy a brand new Explorer and the government will help pay for it.

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Re: Bush SUV Tax Break [Re: ]
    #1237246 -

Quote:
You're scum.


I concur. And no, luvdem, I'm not jealous.


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"It is dangerous to be right when the government is wrong."--Voltaire

Edited by silversoul7 (01/21/03 02:22 PM)

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Re: Bush SUV Tax Break [Re: EchoVortex]
    #1237275 -

Canyon-Arrow Canyon-Arrow

It's a squirrel crushing, deer smacking, driving machine
Top of the line in utility sports, unexplained fires are a matter for the courts

Canyon-Arrow Canyon-Arrow

Yaa Canyon-Arrow

* Whip crack*

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Re: Bush SUV Tax Break [Re: Anonymous]
    #1237279 -

Well StonedFish, I may actually agree with you on this one.

If this is a tax writeoff deal for business owners to get the vehicles they need, it isn't a bad thing, as long as cars and vans and any other vehicles are able to be written off just the same. If it's SUV exclusive, well.... why the fuck should it be SUV exclusive?

And LDS, you are still scum, and I thought that long before that post, so that rules out jealousy. Do you even own an SUV as part of your small business?

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Re: Bush SUV Tax Break [Re: ]
    #1237361 -

It's not SUV exclusive. It's exclusive to vehicles over 6000 pounds. This includes commercial pickup trucks, semi-trucks, and cargo vans. In fact, very few SUVs even reach this 6000 pound limit - the Excursion and H2 are the only ones that are well over 6000, Suburbans and Navigators exceed this limit only with 4WD and the largest engines available to the vehicle.

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Re: Bush SUV Tax Break [Re: Anonymous]
    #1237395 -

Why did it have to be vehicles over 6000 pounds? It's like Bush wants us to guzzle as much gas as possible so we'll have to take over the entire Middle East.


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"It is dangerous to be right when the government is wrong."--Voltaire

Edited by silversoul7 (01/21/03 02:57 PM)

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Re: Bush SUV Tax Break [Re: silversoul7]
    #1237417 -

Because very few non-comercial vehicles are over 6000 pounds. This plan is designed to give a break to business. There are instances where inefficient vehicles must be used, to transport goods. There are good arguments against fuel inefficient vehicles, but those arguements should be against individuals who buy big vehicles so they can see a red light easier over a Beetle, not against those who buy large vans to move matresses.

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Re: Bush SUV Tax Break [Re: Anonymous]
    #1237461 -

So it's over 6,000 because most vehicles of this size are used for business.
But the jerk down the block who has to own an Excursion to drive around him and his girlfriend still gets the break?
Why don't they just make it a tax break for vehicles used for business. Is that such an outrageous idea?

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Re: Bush SUV Tax Break [Re: EchoVortex]
    #1238052 -

the worst part is that SUV's have a tax loop hole already!!!!!!

thats why they are so poular, when the industry realized that a law (a ver old one ) to increase the ammount of commecial transport trucks on the road ,lets the industry out of huge ammounts of taxes , because the law is for trucks that are heavy they started to heavily market trucks that "no one" seemed to buy before

its sad really , the industry gets more money(aviods taxes),oil companys make more(bush-exxon) and all so
PEOPLE CAN LOOK LIKE THE RICH FROM TIMES PAST "WITH A TWIST"
INSTEAD OF LOOKING FAT , AND PALE TO SHOW YOUR CLASS YOU CAN DRIVE A HUGE TRUCK AND USE LARGE AMMOUNT OF GAS AND NOT LEAVE THE CITY, OH IS THE POLLUTION GIVING YOU A HEADACHE JUST TURN ON YOUR FILTER AHH DRIVE PAST THE RUIN OF CIVILLIZATION "THE PUBLIC SHPERE AS YOU PUMP CHEMICALS BEHIND YOU
OH IS MY LARGE TYPE A PROBLEM
sorry its really bad when some asshole uses more than they should at others expense
WHAT was I thinking


SUV's make good sling shot practice , go down to the local dealership and give it a try ,
at night
one a hil
smash!


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Re: Bush SUV Tax Break [Re: ]
    #1238146 -

Quote:
Do you even own an SUV as part of your small business?


Two actually.


Quote:
And LDS, you are still scum, and I thought that long before that post


Oh the pain.


--------------------
You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity. What one person receives without working for another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for that my dear friend is the beginning of the end of any nation. You cannot multiply wealth by dividing it. ~ Adrian Rogers

Edited by luvdemshrooms (01/21/03 09:58 PM)

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Re: Bush SUV Tax Break [Re: EchoVortex]
    #1238262 -

i think i'll buy another SUV, to do my part.


--------------------

America....FUCK YEAH!!!

Words of Wisdom: Individual Rights BEFORE Collective Rights

"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." -- Thomas Jefferson

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Re: Bush SUV Tax Break [Re: luvdemshrooms]
    #1238272 -

****And LDS, you are still scum, and I thought that long before that post ****

great, now he's not going to take you for a ride in his Yugo.


--------------------

America....FUCK YEAH!!!

Words of Wisdom: Individual Rights BEFORE Collective Rights

"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." -- Thomas Jefferson

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North Spore Shop: Cultivation Supplies

General Interest > Political Discussion
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