Quote:
Also bonus of these are pollution regulations that keep changing especially in California. |
Much like the current cars, one of the fascinating parts of this will be all of the things they start adding that haven't been around before - even after purchase. I have to imagine assisted driving and backing will be coming, for example.
If too much acceleration becomes an issue, I bet a software option with company control would take care of it. |
It does not have to be new to take "section 179" as long as its a HD truck and is used 50% for business. Bonus is only for new but you would have to be buying a small SUV to capture it. On a small truck/ suv the 179 is capped at 25K and bonus on a new vs used would be $10K Trucks over 6Klbs are 100% write off new or used.
Quote:
|
Quote:
I’m not going to speak to notorious’ tax planning but you asked the difference between new and used and bonus depreciation is the difference. |
Quote:
I need to look at section 179 and bonus together for equipment vehicles, |
|
My pickup cost around 59k after sales tax. That saves me around 15k+in federal taxes in 2 years. It goes beyond just federal income tax too. Drops income lower so that health insurance is (was, now) cheaper, etc.
I get a brand new 59k truck for essentially 44k, trade in for $35-37k at a $6-8k total loss. That's pretty awesome for a truck with 65-70k miles when I'm done. I could have bought a Chevy Diesel 2500 with 170k miles for $20k, no warranty, pay for repairs, and been stuck with an unsellable truck after 2 years. I would have lost way more than 6-7k over 2 years with it. Also, I got to drive a new, badass vehicle for the 2 years instead of a 10 year old vehicle. That's why you see guys driving new pickups every year. |
yeah if it is a heavy work truck you get a 59K deduction dropping your earnings that much, It you are in a moderate tax bracket 28% + 15.3 you just saved $25K in fed and fica,(ss) payments.
If I buy a used truck w/ 6' bed that is 2 years old for $30K I get to write that much off also saving 29K and at 28% plus FICA or 13K totalizing 42K plus I get lower insurance, property taxes, and still get mileage or expense deduction. I like it, I didn't really run the numbers as to new vs used, but I think I see a 4 door truck with a 6 ft bed in my future. I always wanted a an El Camino SS |
Quote:
All the tax numbers are one thing but you still gotta write the check. Tax accountants give no ****s about cash flow. Many a mother****ers get strung on cash flow deficiencies. |
Quote:
Thanks for sending me that direction, |
Quote:
|
Quote:
Have you looked at the gains made in batteries and solar over the last 5, hell, even 2.5 years? Now realize that Tesla has the auto industry flailing to catch up after they all downsized to the point of having essentially zero electrical engineering in house, opting instead to focus on making engines with a fast approaching ceiling "better". Enter dieselgate. Facts are, the auto industry all buy from the same parts manufacturers and basically just assemble parts off the shelf. They own the engine, but that's about it. The investment to catch up is much larger than they assumed. Don't believe me, just ask Porsche CFO Lutz Meschke. https://www.teslarati.com/porsche-mi...le-investment/ To add to their ire, none of them know anything about software. Ford a bit with Sync and MAYBE GM has a partner with investment in Lyft, but both are essentially on the bench. That's why all auto systems UI suck so badly. It's developed by the parts supplier to "work". It's a bigger distraction on the road than Teslas giant screens. By a long shot. Musk has a giant advantage there in that he owns 2 of the most attractive companies in the world to software programmers and software engineers as well as engineers at large. https://www.recode.net/2017/10/26/16...s-tech-workers https://www.forbes.com/sites/kathryn...dents-in-2016/ These guys missed on Apple, Google, Amazon, Nvidia, Broadcom, IBM, Netflix, Adobe etc. Anything they haven't seen before, they believe is a fad, a bubble or they explain it away some other way. They're old, out of touch and don't care about the future they won't be around for. Short term investors scoffing at long term potential. It's criminal what they do to investors. So when it's cheaper to buy an EV than an ICE car, and cheaper to add solar to your house than to pay the electric bill every month, are you still going to throw good money after bad? Mind you the two together represent a $6,000+ annual savings plus energy independence for the average 2 adult household. Not to mention the equity the solar system adds to your property. Both of these things will happen, without subsidy by 2027 at the latest. Prices are falling FAST. Now that nearly half the world's populations representative governments have set dates for ICE car sales death, and forced the auto industry at large into the battery electric arena against their will, investment in battery research is skyrocketing. There's absolutely a Moore's law for everything. Now, with bigger investment in research, the investment/progress timeline for batteries is accelerating. |
Quote:
https://www.theverge.com/2017/9/11/1...ar-lineup-2030 |
Quote:
Besides that. Most BRAND NEW Deere shit would max out the 179 limits anyway. ****ing Deere. It’s going to be one hell of a long time before I can buy any factory Deere paint. Someone else has to knock the new off (and the good in most cases) before I’m going to have it. |
Quote:
http://blog.caseih.com/wp-content/up...teiger-600.jpg |
All times are GMT -6. The time now is 10:40 AM. |
Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2024, vBulletin Solutions, Inc.