Bad Tax Policy-Big Tax Deductions for Business SUVs // 11.24.2008 at 9:30 PM
Do you know that over the past few years that businesses can get huge tax deductions for SUVs? That's right. Buy an SUV for your business of $50,000 and your business can write-off as much as $40,000 in the first year. This deduction expires at the end of 2008.
I advise my clients to take advantage of this deduction, even though it so enviromentally unsound and not GREEN!
Fortunately, Obama will not be renewing this behemoth of enviromentally unhealthy tax policy. The limit on hybrid credits are much more limited and more difficult to take.
I can't wait for the Oil Boys (Bush and Cheney) to be goneth!
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