An SUV-sized Tax Loophole

An intentionally-overlooked tax loophole will allow any self-employed person to claim tax deductions for the purchase of an SUV.

1 minute read

June 2, 2003, 10:00 AM PDT

By Chris Steins @planetizen

" It kicks in for individuals with small businesses, potentially anyone merely filing as self-employed. Depending on the tax bracket, and especially for those affluent enough to afford street behemoths with big price tags, this generous depreciation deduction could be enough to cover the cost of another vehicle, say a middle-class stalwart sedan like the Honda Accord or Ford Taurus."

Thanks to Chris Steins

FULL STORY: A Hummer-Sized Loophole

Sunday, June 1, 2003 in The Los Angeles Times

Government / Politics United States

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