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To: Kiss Me Hardy

only self-incorporated people can deduct their car lease payments. that should be eliminated by the way, its a major abuse in the tax code. these people lease a car for personal use and get to write it off, while regular wage earners have to pay for it with after tax dollars.


71 posted on 04/05/2005 1:50:48 PM PDT by oceanview
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To: oceanview

You've got it backwards. It's the tax cosde that should be done away with, not the provisions that encourage entrepreneurial activity.

In the meantime, if you're in a position to lease, take advantage of what little grace the revenuers permit. I lease a much nicer car than I would ever consider buying. And, yes, I do use it for business -- extensively, actually.


76 posted on 04/05/2005 2:03:49 PM PDT by Kiss Me Hardy
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