"Harry Krause" wrote in message
...
Eisboch wrote:
Doug Kanter wrote:



Consider the opposite: We now have a tax incentive available which
included
Hummers. I have no idea when it was enacted, but at the very least, Bush
could interrupt his 18,000th game of Grand Theft Auto and spend a week
eliminating a law which is an embarrassment, considering the current
environment.



Do I understand this statement correctly ... that there is a tax
incentive to purchase a Hummer?

Last time I looked the opposite was true. There is a "Gas Guzzler" tax
paid on all new vehicles that do not meet certain fuel mileage
guidelines.

Eisboch

There was until very recently a huge incentive to purchase huge
truck-like vehicles. I believe it was a one-year write-off...in other
words, buy a huge pickup trick for your "business" (if you are a
dentist, picking up a tank of laughing gas), write the whole purchase
off in one year.

"There is no reason for a dental office to own a truck. It'd be a hard sell
to the IRS should you be audited."--Dr. NOYB's accountant in 2003.

Ergo, I don't claim my vehicle (which *would* qualify) as a deduction.

Some dentists that I know who own two offices, can claim the mileage driving
between the offices as a deduction. There's a grey area for those folks
when buying an SUV. The Section 179 expense limit was raised to $100,000
and should stay there...but the SUV deduction loophole portion of it should
(and has been) cut.