The owners of heavy vehicles get a subsidy as the fuel flows

[donsu]

http://www.chron.com/cs/CDA/ssistory.mpl/business/3137818


Guzzle away — Uncle Sam's buying
The owners of heavy vehicles get a subsidy as the fuel flows


How would you like the U.S. government to send you a check that would pay for five years' worth of gasoline?

Well, it can be arranged.

Not everyone is eligible, of course. But if you use a vehicle 100 percent for business and purchase a vehicle, new or used, from a select list of big-time gas guzzlers, Uncle Sam is ready to help you out.

Yes, I'm talking about the well-publicized special tax break for vehicles with a gross weight of at least 6,000 pounds. Gross weight is the weight of the vehicle including fuel, passengers and payload. Because of this, gross weight can be a good deal more than the empty weight of the vehicle.

Forty-one domestic and 15 foreign SUVs qualify for this tax break. The Porsche Cayenne, a notably businesslike vehicle, is among them. As a consequence, while the depreciation write-off for any passenger car used for business is limited to only $2,960 in 2005, down from $10,610 in 2004, those claiming 100 percent business use of these SUVs could deduct 100 percent of the $89,665 price of the Porsche Cayenne Turbo during 2003 and until late October 2004.
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read on to see how its done.

the writer sums up with:

If we were going to devise a formula for wrecking the country, it would be difficult to improve on this one.

america is a crime scene

[ragin_acadian]

1. there. you see? poor people wouldn't be poor, if they just

bought a hummer.