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The "loophole" states that a business can deduct LEGAL EXPENSES for vehicles. The "SUV" label is a LIE! It doesn't say that you can deduct a SUV.

POLITICIANS - LAWYERS = Bunch of Liars.! Come to think of it, that was redundant, wasn't it?

This might be the wrong thread to post this, but if all the enviro-weanies lived in bamboo houses, peed outside, drove yugos or walked - AND shut the H-e-double ell up, enough energy would be saved to satisfy, at least, THEMSELVES!

Actually, the "loophole" is an allowable deduction for business EQUIPMENT. Up to $100,000. A bidness may buy any equipment it needs and, rather than depreciating it out, expense it in one year. Equipment includes printing presses, examination tables, compooters, telephone systems, tool-and-die making equipment, lathes, mill saws, laser eye surgery devices....list is endless. Included are motor vehicles.

The Left has simply seized upon that one item of allowable equipment to label the entire law as an SUV law.

Michael

You're right.
People don't know what they're talking about with this issue.
Everybody thinks there is some "SUV Loophole", and there isn't.
We understand that some of you haven't run a business, but don't make some big objection when you don't really understand.

This "deduction" is not even limited to vehicles. These are normal business deductions, that businesses make all the time. Deductions are made for equipment of ALL sorts, and there has always been a way to deduct this stuff. One of the things could be vehicles needed for business use, but it could be computers, machines, whatever. Businesses spend most of what they make just to keep things running. They can't pay tax on all this stuff, because it's not profit. You can't tell a business owner which kind of "die-cutter" or "plastic-injector" he should buy, only he knows the best one for his industry. And you can't tell him what car would be most efficient for his industry. The SUV has long been a good choice for small business owners, as you're always running around and picking up carloads of stuff that you don't want rained on, yet you need something to take clients to meetings with that's not an empty van. The deductions allows owners to invest in their companies, which propels the economy, helps the employees, and creates more profit that can be taxed anyway! I know most of you here know all this, but in case somebody doesn't get it, it's just that simple. It's NOT an "SUV" deduction...it's a business deduction just like any other. And if the author's "deduction of up to $100,000" is the regular business deduction, it wouldn't matter if this were lowered, because the buyer could STILL deduct the cost over 5-years anyway...it's a "loophole" to take the deduction at one time (which stimulates the economy too) instead of over 5-years, but doesn't even change the fact that it's a deduction! So it's not an SUV loophole, it's a "regular business expense take-it-in-one-year-instead-of-five" standard deduction. If a doctor doesn't really need an SUV as a normal business deduction then he can be audited and busted. But to exclude ALL small business owners from certain expenses YOU don't like is to tie the hands of those who know best.

And if this whole stink is REALLY just because you think SUVs are "bad for the environment", then just say that and try to ban them completely (is it really better for the environment if they just pay more of your taxes or is it just a cover for more "tax the successful"!)...and consider this about how "bad" they are (from a previous post I made):

I always shake my head when I hear about some SUV hater. Beyond the "he earned it", which is obvious, are further facts that are ignored. One is that I know people who commute hours every day, and even if their car gets 50% better gas mileage, I know they're "wasting" 5 times more gas (and polluting 5 times as much, or whatever) than I am because I choose to live near my job. Also, my girlfriend's old Civic got about the same mileage as my SUV, beause it was old and was getting poor mileage. Not to mention that during the crazy LA floods this week, there were many SUVs who made it home, while others were stuck in Watts or Compton in the water. So the SUV-phobes should alter their attack on SUVs by saying "...those gas-guzzling, unless you live close to your work, oversized, unless you need to be safe in an emergency, polluting, unless you compare it to many older cars next to them on the road, SUVs...".
And people who want to spraypaint SUVs to show how "green" they are, should remember to stop along the way and spraypaint all the older cars, cars of people who commute, and cars who are made in countries who's environmental laws are more lax than ours, go park in Watts overnight, and THEN start spraypainting the SUVs - which means they'll never GET to the SUVs.