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@druxee.bsky.social
200 followers 470 following 24 posts
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This Stewart Lee bit but replace ‘Harry Potter’ with ‘Star Wars’
February 6, 2025 at 2:20 PM
This is real! The US tax code is designed to encourage giant cars. Part of it is a business tax deduction for huge cars - this article is really good www.vox.com/future-perfe...
The Hummer Tax Loophole In 1984, Congress stopped allowing small business owners to take a tax deduction for the purchase price of cars used for work. But the bill included a giant loophole: To protect those who need a heavy-duty vehicle (think farmers or construction workers), Congress made an exception, known as Section 179, for cars that weigh over 6,000 pounds when fully loaded with passengers and cargo. Today such behemoths are eligible for a tax deduction of up to $30,500, while business owners who opt for a smaller car can claim nothing at all. Few car models were heavy enough to qualify for the tax break 40 years ago, but that is no longer the case: A Hummer 1, for instance, weighs about 10,300 pounds (leading Section 179 to be dubbed the “Hummer Tax Loophole”). Other huge cars, such as a Chevrolet Suburban or an F-250 Ford Super Duty truck can qualify, too
January 26, 2025 at 6:00 PM
December 5, 2024 at 11:09 AM