[ham] Re: [Rhodes22-list] A stupid question.

Michael Meltzer mjm at michaelmeltzer.com
Sat Sep 27 01:51:09 EDT 2003


yes and no on the time, the income is configured correctly this year, seems I have to make more income in the business than I can
deduct from it :-) I am not sure about next year with the new job. So no car ideas people.

BTW I found the perfect Elton van in my search,
http://www.daimlerchrysler-vans.com/index.html, it really would fit his needs and taste.

MJM

BTW look like I will be at the boat show on sunday

----- Original Message ----- 
From: <CarolN8 at aol.com>
To: <rhodes22-list at rhodes22.org>
Sent: Friday, September 26, 2003 4:14 PM
Subject: [ham] Re: [Rhodes22-list] A stupid question.


> Michael,
>
> I'm not a tax person but this is what I understand about the new law passed
> this summer. This 100% tax deduction is part of a change to the 179 Expensing.
> It applies to other business expenses beside cars, but it's true, if it's a
> car or truck, it has to be over 8500 pounds. The good news is that this expense
> deduction is applicable until 2005, and then it reverts back to the old law of
> up to a $25,000 deduction. That's assuming Washington doesn't make another
> tax law change between now and then. So you have some time to decide what to do.
>
> Carol
> s/v Painkiller
>
> ========Original Message========
> Subj:    [Rhodes22-list] A stupid question.
>  Date:   9/24/2003 9:58:32 PM Mountain Daylight Time
>  From:   <A HREF="mailto:mjm at michaelmeltzer.com">mjm at michaelmeltzer.com</A>
>  Reply-to:   <A HREF="mailto:rhodes22-list at rhodes22.org">rhodes22-list at rhodes22.org</A>
>  To:     <A HREF="mailto:rhodes22-list at rhodes22.org">rhodes22-list at rhodes22.org</A>
>  Sent from the Internet (Details)
>
>
>
> The car dealers have a new gimmick around me, 100% first year tax deduction
> for any car/truck over 8500 pounds gross weight, it
> seems only the hummer h1/h2 and the ford Excursion meet thought limits. the
> h1 and the Excursion even come in diesel which have a
> yearly tax credit(and might have better fuel milage at that size), the only
> problem is both are over priced. Any car mavans have
> anouther ideas ????????????????. but not a pickup. would like to dosomething
> before this looppole is closed.
>
> MJM
>
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