[Rhodes22-list] A stupid question.

[CarolN8 at aol.com]

Michael,

I'm not a tax person but this is what I understand about the new law passed 
this summer. This 100% tax deduction is part of a change to the 179 Expensing. 
It applies to other business expenses beside cars, but it's true, if it's a 
car or truck, it has to be over 8500 pounds. The good news is that this expense 
deduction is applicable until 2005, and then it reverts back to the old law of 
up to a $25,000 deduction. That's assuming Washington doesn't make another 
tax law change between now and then. So you have some time to decide what to do.

Carol
s/v Painkiller

========Original Message======== 
Subj:    [Rhodes22-list] A stupid question.     
 Date:   9/24/2003 9:58:32 PM Mountain Daylight Time    
 From:   <A HREF="mailto:mjm at michaelmeltzer.com">mjm at michaelmeltzer.com</A> 
 Reply-to:   <A HREF="mailto:rhodes22-list at rhodes22.org">rhodes22-list at rhodes22.org</A> 
 To:     <A HREF="mailto:rhodes22-list at rhodes22.org">rhodes22-list at rhodes22.org</A> 
 Sent from the Internet (Details)   
    


The car dealers have a new gimmick around me, 100% first year tax deduction 
for any car/truck over 8500 pounds gross weight, it
seems only the hummer h1/h2 and the ford Excursion meet thought limits. the 
h1 and the Excursion even come in diesel which have a
yearly tax credit(and might have better fuel milage at that size), the only 
problem is both are over priced. Any car mavans have
anouther ideas ????????????????. but not a pickup. would like to dosomething 
before this looppole is closed.

MJM

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