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SUV Tax incentive ending.

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Old Oct 20, 2004 | 04:26 PM
  #1  
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SUV Tax incentive ending.

http://moneycentral.msn.com/content/...2.asp?GT1=5472

"For the last few years, a business owner who drove a luxury SUV as his or her company car got a lot of help in buying the vehicle. No, it wasn't from zero-percent financing, instant cash rebates and free round-trip airfares. The help came via federal tax incentives.

But a big roadblock has been thrown in front of that tax break, thanks to provisions in the American Jobs Creation Act of 2004 that was approved by Congress on Oct. 11. President Bush is expected to sign the bill into law."

It was an abused tax break for sure.
Old Oct 20, 2004 | 04:28 PM
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Agreed
Old Oct 20, 2004 | 04:29 PM
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About ****ing time
Old Oct 20, 2004 | 04:39 PM
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This won't reduce the amount of SUV's currently on the road but it will certainly slow sales from the dealer.
Old Oct 20, 2004 | 04:45 PM
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Wink

...I thought all you conservative republican types were all for tax cuts/breaks...hehehehe
Old Oct 20, 2004 | 04:54 PM
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We are, but even that one is a little absurd to me. Lower taxes for the sake of lowering taxes, not to promote SUV sales.
Old Oct 20, 2004 | 05:59 PM
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Allah Akbar!

Now, if the Feds would just remove max caps on SSI, FICA, et al, everything would be fair.
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