"NOYB" wrote in message
.net...

"Gould 0738" wrote in message
...
And Kerry said he is going to raise the Gas tax by 50 cents a gallon
immendiately and another 50 cents a gallon in 6 months. That will
really
help gas prices and the economy.

Unless you can substantiate that with something stronger than "Sean
Hannity
says........", I call bull****


http://www.johnkerry.com/pressroom/r...2004_0525.html

WOW! How ground-breaking!

"As part of his plan to do this, Kerry said he will invest in new
technologies and alternative fuels, and establish a realistic fuel economy
standard coupled with tax incentives for consumers to buy and
manufacturers
to build the efficient vehicles of the future. Specifically, Kerry said
he
will offer $10 billion in new incentives for the American automobile
industry to lead the world in building Advanced Technology Vehicles and
offer consumers a $4,000 tax credit to help them afford the vehicles.

Kerry also said he will help families by managing the strategic petroleum
reserve to protect our security without driving up prices and engaging in
diplomacy to ensure US consumers are not held hostage to instability in
the
Middle East. "

-------------------------------------------------------------------------

So which part of his plan will lower the price of gas in the immediate
future? And how is his plan different from Bush's?



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.

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

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

There is, or very recently was, a tax write off for vehicles above a certain
GVW purchased by businesses. I think it was 7000 pounds. The auto industry says
that the most significant impact of the law was a huge increase in the number
of people buying the largest SUV's for use as executive vehicles.

"Gould 0738" wrote in message
...
Do I understand this statement correctly ... that there is a tax
incentive to purchase a Hummer?

There is, or very recently was, a tax write off for vehicles above a
certain
GVW purchased by businesses. I think it was 7000 pounds. The auto industry
says
that the most significant impact of the law was a huge increase in the
number
of people buying the largest SUV's for use as executive vehicles.

An owner of an S-Corp who bought a $100,000 Hummer in 2003 and 2004 could
deduct every penny of it...effectively saving himself in the neighborhood of
$30,000 in taxes. He/she could essentially buy a large SUV for 70 cents on
the dollar.

On Mon, 11 Oct 2004 13:10:56 -0400, Eisboch wrote:


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.

Besides the tax deduction for businesses, it's my understanding that
Hummers are exempt from cafe standards.

http://www.commondreams.org/news2004/0428-03.htm

http://seattlepi.nwsource.com/local/...hummer17.shtml

Eisboch wrote:

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


Yup. A business owner may purchase any vehicle with a GVW over 6,000
pounds for business purposes (wink, wink,) and take a deduction of up to
$106,000 in the first year after buying a $110,000 Hummer H1. Right now
the "opportunity" expires in 2006, but who knows...

Go to http://www.selfemployedweb.com/suv-tax-deduction.htm for all the
gory details.

Who ever said life was fair....

"John Wentworth" wrote in message
...
Eisboch wrote:

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


Yup. A business owner may purchase any vehicle with a GVW over 6,000
pounds for business purposes (wink, wink,) and take a deduction of up to
$106,000 in the first year after buying a $110,000 Hummer H1. Right now
the "opportunity" expires in 2006, but who knows...

Go to http://www.selfemployedweb.com/suv-tax-deduction.htm for all the
gory details.

Who ever said life was fair....

Hey...if a hard working bricklayer needs the biggest pickup truck on earth
and actually uses it to haul tons of stone, that's one thing. But, some
asshole who buys a hummer just to tool around in, that's bull****,
especially since he probably whines as much as everyone else about oil this,
oil that, OPEC's a bunch of crooks...blah blah blah.

"John Wentworth" wrote in message
...
Eisboch wrote:

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


Yup. A business owner may purchase any vehicle with a GVW over 6,000
pounds for business purposes (wink, wink,) and take a deduction of up to
$106,000 in the first year after buying a $110,000 Hummer H1. Right now
the "opportunity" expires in 2006, but who knows...

Congress removed the loophole just last Friday.

"Doug Kanter" wrote in message
...
"NOYB" wrote in message
.net...

"Gould 0738" wrote in message
...
And Kerry said he is going to raise the Gas tax by 50 cents a gallon
immendiately and another 50 cents a gallon in 6 months. That will
really
help gas prices and the economy.

Unless you can substantiate that with something stronger than "Sean
Hannity
says........", I call bull****


http://www.johnkerry.com/pressroom/r...2004_0525.html

WOW! How ground-breaking!

"As part of his plan to do this, Kerry said he will invest in new
technologies and alternative fuels, and establish a realistic fuel
economy
standard coupled with tax incentives for consumers to buy and
manufacturers
to build the efficient vehicles of the future. Specifically, Kerry said
he
will offer $10 billion in new incentives for the American automobile
industry to lead the world in building Advanced Technology Vehicles and
offer consumers a $4,000 tax credit to help them afford the vehicles.

Kerry also said he will help families by managing the strategic petroleum
reserve to protect our security without driving up prices and engaging in
diplomacy to ensure US consumers are not held hostage to instability in
the
Middle East. "

-------------------------------------------------------------------------

So which part of his plan will lower the price of gas in the immediate
future? And how is his plan different from Bush's?



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.


Agreed.

"Doug Kanter" wrote in message
...
"NOYB" wrote in message
.net...

"Gould 0738" wrote in message
...
And Kerry said he is going to raise the Gas tax by 50 cents a gallon
immendiately and another 50 cents a gallon in 6 months. That will
really
help gas prices and the economy.

Unless you can substantiate that with something stronger than "Sean
Hannity
says........", I call bull****


http://www.johnkerry.com/pressroom/r...2004_0525.html

WOW! How ground-breaking!

"As part of his plan to do this, Kerry said he will invest in new
technologies and alternative fuels, and establish a realistic fuel
economy
standard coupled with tax incentives for consumers to buy and
manufacturers
to build the efficient vehicles of the future. Specifically, Kerry said
he
will offer $10 billion in new incentives for the American automobile
industry to lead the world in building Advanced Technology Vehicles and
offer consumers a $4,000 tax credit to help them afford the vehicles.

Kerry also said he will help families by managing the strategic petroleum
reserve to protect our security without driving up prices and engaging in
diplomacy to ensure US consumers are not held hostage to instability in
the
Middle East. "

-------------------------------------------------------------------------

So which part of his plan will lower the price of gas in the immediate
future? And how is his plan different from Bush's?



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.


I agree with you...and apparently so does Bush and the Republican-controlled
Congress:

"Small business owners who want to purchase Hummers won't be so lucky, since
lawmakers agreed to sew up what's been labeled a loophole in current tax
law, which lets such businesses deduct up to $100,000 from their taxable
income for purchasing a sport utility vehicle or a light truck weighing at
least 6,000 pounds.

This tax break became known as a loophole for business owners wanting to buy
a Hummer or other large vehicles for personal use. Hummer models cost
between $50,000 and $100,000. "



http://www.investors.com/breakingnew...23448126&brk=1