January 28, 2004

This Sucks

[Taken from an article on AI.com]

Under IRS expensing rules, an owner who uses a vehicle with a GVWR of more than 6,000 pounds more than 50 percent in his or her business can write off up to $100,000 of the purchase price. The largest deduction allowed for smaller cars or trucks is only about $11,000. The Sierra Club estimates the savings for a small-business purchase of an H1 to be over $33,000. The tax break for purchasing a fuel-efficient hybrid vehicle? A mere $3,700.
Read the rest of the article here. [15:14]  [ ]