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To: Paul Atreides
There is a VERY good reason for self-employed people to drive an SUV that weighs more than 6000 Lbs: these vehicles are not subject to the luxury auto limits as imposed by the IRS.

You know, the rules that say any car over $15,000 is a 'luxury' vehicle, which means your annual depreciation on the vehicle is limited.

So, go ahead and buy that $50,000 Escalade this year. You'll be able to depreciate it at 20% this year, 32% next year, etc. (as allowed by MACRS).

Check this out with your tax advisor: you'll be glad you did.

53 posted on 01/09/2003 11:27:51 AM PST by Night Hides Not
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To: Night Hides Not
There is a VERY good reason for self-employed people to drive an SUV that weighs more than 6000 Lbs.....

That's true and why we purchased the SUV.

68 posted on 01/09/2003 11:43:16 AM PST by isthisnickcool (A flat tax makes a lot more sense than a flat women.)
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