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re: Do you reflexively think luxury car = rich driver and old car = poor driver?
Posted on 8/1/21 at 4:57 pm to VADawg
Posted on 8/1/21 at 4:57 pm to VADawg
quote:
These are people who feel like they have to look successful on social media.
This is so true, its not really brag worthy but my wife recently got a new honda pilot that I was putting the down payment on and I said my only rule is that you can't post about it on facebook. It about killed her to not make that post.
From I everything I know about wealthy people, the truly rich people don't give a shite about the look of being rich. They already know that they are. Their kids on the other hand...
0
Posted on 8/1/21 at 11:33 pm to StealthCalais11
quote:
One key factor being missed in here is the tax advantage of purchasing a vehicle enabled by The Tax Cuts and Jobs Act of 2017. Vehicles over 6,000 ibs GWVR qualify for 100% bonus depreciation through December 31, 2022.
File this among one of the many reasons I chuckle at the hand ringing over throwing some money at people with kids and stimulus checks. At the end of 2017, after 7 consecutive years of economic expansion and near full employment, congress passes a tax bill with incentives like this.
I blame no one for taking advantage of this, but the policy rationale for this change to the tax code at the end of 2017 is awfully flimsy.
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