The Mudcat Café TM
Thread #64272   Message #1050599
Posted By: JohnInKansas
09-Nov-03 - 09:55 AM
Thread Name: BS: SUV Tax Break?
Subject: RE: BS: SUV Tax Break?
The classification as a truck rather than as a car does not affect whether they're a business vehicle. The only thing that matters is that they are used in the business and that you're prepared to prove it if the tax man comes to ask.

Having congess "change the classification" would have NO effect on the applicable tax regulations. The same deduction is available if someone buys a fleet of golf carts, or bicycles, to run a messenger service.

The same deduction, in kind if not in amount, is available if your employer requires you to buy a hard hat and steel toed shoes, if you can prove that you only wear them at work.

All you're seeing here is a "supersalesman" who's figured out that his customers aren't very smart - and he doesn't care how many of them go to jail as long as they make the down payment and he gets the note sold before they get caught. Since some people might be able to claim what he sells as a business expense, he can say "you can deduct $$$$$$ ..." and the generic "you" can always be "well, not you specifically, but some you's."

It's called advertising.

(He's probably assuming that their tax prep people will explain it to them before they get in trouble - and since he's not in the tax return business, they probably can't even sue him for bad tax advice.)

John