re: This is why I will NEVER vote for a tax increase of any kind!

quote:

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Another friend, who is an engineer with the Corp of Engineers, chimed in and told us about the new fleet of Yukons they just received. He said the average price of each was about $80,000! I have no problem with the Corp of Engineers driving a nice vehicle, but I guess a $35,000 Camry is beneath them.

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There are tax reasons for buying the fleet of yukons and not the Camry. Section 179 of the tax code allows for a tax deduction for company vehicles bought and put into use that business year. This tax deduction is based on weight of the vehicle

Light vehicles (those under 6,000 pounds) are allowed a deduction of $12,200 PLUS bonus depreciation can be deducted in the amount of $8,000, totaling $20,200 for 2023
Heavy vehicles (between 6,000 and 14,000 pounds) are allowed a $28,900 limit. HOWEVER, heavy vehicles also qualifies for 100% bonus depreciation through the end of 2022, thanks to the TCJA. BUT beginning 2023, that rate drops 20% each year. So, for 2023, bonus depreciation of 80% can be taken.

There are also incentives for buying "clean vehicles" and EVs