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Does this tax deduction apply to other vehicles or just to large SUV's? Is there a website I can visit to learn the details?
I own a small business, but a large SUV doesn't make economic sense for me because:
1. The company is new and my income isn't yet large enough that the tax deduction would cover enough of the cost of the SUV, even if it meant I paid no taxes that year thanks to the deduction. Seems like this deduction is only for the already-wealthy and successful established businesses who are paying a lot of taxes.
2. Rising fuel prices and large liscensing fees would make a large vehicle a millstone for my company.
3. Even when hauling large loads, I'd really feel like I was hurting my children and grandchildren by driving such a gross polluter. Are there any hybrids or more efficient vehicles covered by the tax deduction?
So, no, I won't be buying a large SUV this year. For now, unless I can find some information that proves my assumptions wrong, I'll keep packing my sub-compact to the gills every time I need to move some stock. It's fairly amusing when I pull up at various sales events. Other vendors unload about 1/3 less cargo than me from vehicles that are 2-3 times bigger than mine.
The deduction requires a minimum gross vehicle weight (I think it's 6,000 lbs but I'm not sure of that), so it doesn't matter whether the vehicle is a truck or SUV.
3. Even when hauling large loads, I'd really feel like I was hurting my children and grandchildren by driving such a gross polluter. Are there any hybrids or more efficient vehicles covered by the tax deduction?
There are tax credits for for hybrids. Here is link to the IRS info on the models and amounts.
http://www.irs.gov/newsroom/article/0,,id=157632,00.html (broken link)
My husband is self-employed but we wouldn't get an SUV if it was free...heck, even if they paid us to take it
There are tax credits for for hybrids. Here is link to the IRS info on the models and amounts.
http://www.irs.gov/newsroom/article/0,,id=157632,00.html (broken link)
My husband is self-employed but we wouldn't get an SUV if it was free...heck, even if they paid us to take it
Can you explain to me how a hybrid is so much more environmentally friendly than a conventional gasoline-powered automobile? Don't forget to include the manufacturing and disposal processes of each type of vehicle in your evaluation (batteries included, of course).
If that is directed to me I didn't say I favored buying any sort of new vehicle. I replied to another poster's question about tax credits for hybrids then said I would not buy an SUV. IF I were to buy anything it would certainly not be an SUV. I do not like them and don't really understand why so many people feel they need them.
If that is directed to me I didn't say I favored buying any sort of new vehicle. I replied to another poster's question about tax credits for hybrids then said I would not buy an SUV. IF I were to buy anything it would certainly not be an SUV. I do not like them and don't really understand why so many people feel they need them.
It's directed at anyone who wants to offer a rebuttal.
Maybe where you live, not where I am. As to comfort, I guess I can't say. I might be big but I'm not that big
I live in Arizona and Nevada. We camp. We have a boat. We go into the forest and up skiing. Starting next year, we will be summering in Sitka Alaska - an SUV is an all around great choice for us. My wife and I each have one plus another smaller car -
As for comfort: It is not necessarily the size YOU are - but, all around, we find the SUV's we have very comfortable
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