View Single Post
  #4 (permalink)  
Old 11-23-2004, 12:26 PM
xcel's Avatar
xcel xcel is offline
Ridiculously Active Enthusiast
 
Real Name: Wayne Gerdes
Location: Northern Illinois
Posts: 2,567
Default

Hi Ogakor:

___IIRC, the H2 1 year write off was pulled but it wasn’t meant for H2’s in the first place. Imagine if I were to really expand my business and needed a 1-ton dually with dump that was over the tax advantaged weight limit. Instead of stretching its depreciation out over years, the tax break was to let me write off the entire amount in one fell swoop. Yes, it would help the small business man as there are tens to hundreds of thousands of these purchases per year. The H2 just happened to fall into this category. With that, even though these automobiles are gas pigs, businesses should be able to deduct there capital expenses because it is a business expense taking away from business income on which they are taxed in full (minus the deductions of course).

___In my case, the Ranger XLT 4 w/ a stick is barely large enough to do the job yet is Greenercars guides #1 choice for small P/U’s (albeit just a LEV) in the 2003/2004 MY’s. With that, not only is the Ranger capable of FE far exceeding that of the Ford Escape Hybrid in the real world, it also moonlights as a nice landscape truck.

___Good Luck

___Wayne R. Gerdes
___Hunt Club Farms Landscaping Ltd.
___Waynegerdes@earthlink.net

.



Reply With Quote