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Old 05-07-2005, 07:16 AM
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xcel xcel is offline
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Real Name: Wayne Gerdes
Location: Northern Illinois
Posts: 2,567
Default Re: Lexus RX 400h Luxury Hybrid Vehicle Is Eligible for up to $2,000 Tax Deduction

Hi Jason:

___I am getting really tired of this tax deduction for luxury automobiles myself. It is not nearly as bad as an H2 owner receiving a larger business deduction as was the case a few years ago but a $49,185 automobile owner receiving a tax deduction for the RXh which has an EPA rating of just 31/27?

___It would be better for all if the US government allowed a $2,000 tax deduction for someone purchasing a PZEV based Ford Focus instead. Better because of its higher FE and better because of its lower emissions. Although a tax deduction is not a credit, those that can afford a $50K automobile are more then likely picking up a nice $650 + net return vs. a smaller amount for those residing in lower brackets picking up the HCH or stripped Prius II as an example.

___It is just starting to irk me given our absolutely ridiculous budget deficits is all.

___Good Luck

___Wayne R. Gerdes
___Waynegerdes@earthlink.net

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