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Country Discussion Topics
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SUV Tax Advantage
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DHunter n NOLa    Posted 01-03-2003 at 03:46:58       [Reply]  [No Email]
I'm sure a lot of you know of the tax loop-hole associated with pick-up's and SUV's that weigh over 6000#.
If not, check the site below which is an article that appeared in USA Today.

Lynch in E.TX    Posted 01-05-2003 at 02:19:03       [Reply]  [Send Email]
My 2000 K3500 4X4 crewcab weighs 6800lbs empty and my CPA gets me every cent. Lynch

Greg S    Posted 01-03-2003 at 11:58:18       [Reply]  [No Email]
After my Dad passed away and I was settling up the estate the accountant and I got to talking about a similar subject. My Dad was a farmer and while he didn't always have the newest equipment he got by. The accountant (without giving any names) indicated that some of the more "successful" farmers in the area-always driving new trucks, new tractors and machinary-had this mentality-buy new, get the depreciation and save on the taxes. Some where along the line they forgot that you still have to make the payments, consequently most of them had debts in the 6 and 7 figures. a couple of the locals always drove beaters, junk equipment but good farmers had postive bank accounts in the same ranges. The wheat we raise around here doesn't care if its planted with a 830 John Derre pulling a 25 year old set of drills or a brand new 9420 4wd John Deere pulling a $150,000 air drill-Still makes the same yield and sells at the same elevator for the same price.

Jim (Mi)    Posted 01-03-2003 at 08:06:28       [Reply]  [No Email]
Darn my new truck only weights #5500 lbs

DHunter n NOLa    Posted 01-03-2003 at 14:27:17       [Reply]  [No Email]
That'll probably work...give it a try.

DeadCarp    Posted 01-03-2003 at 06:59:38       [Reply]  [No Email]
Hmmm - Now i'm wondering if my B John Deere would qualify - if it wasn't quite 6000#, i could dump an extra tree on the trailer. It's not exactly an SUV but i have heard it referred to as an SOB, (sport-something-something i reckon). And the ads keep urging me to "define sport", so okay, sport is pulling stumps, plowing fields and belching out the JD mating call while driving over SUVs, ATVs and any other V that crosses my fence. And the whole thing cost $500! There, that oghta be worth something! :)

Salmoneye    Posted 01-03-2003 at 04:06:51       [Reply]  [Send Email]
Dodge dealer here had radio spots advertising this fact for the last month of the year and targeting local contractors specifically...

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