General Trump's Running Shit Like a Motherfuckin BOSSS
- Thread starter Papi Chingon
- Start date
Almost posted that yesterday lol
I'm tired of them taking dick pics everytime I board a plane.
It's embarrassing
US auto industry stunned by tariffs meant to save it
While the implementation of the tariffs had been anticipated for weeks, their details surprised manufacturers and experts as the levies will not only apply to imports of finished vehicles but parts as well.
www.thedailystar.net
Because it's making the citizens the middle men for the government to give money to banks.
That doesn't make sense. Seller/lien holder gets it's interest from buyer. Buyer is then allowed to deduct said payments from their overall tax burden.
Gov isn't paying shit, its collecting less.
Gov isn't paying shit, its collecting less.
Ford charges 10% interest. You give that money to them, the government gives it back to you. Whether they hand cash to you, or take less from you, there's no practical difference.
Trump also says the point of tariffs is to get rid of income tax. So that part doesn't make a whole lot of sense either.
Ford does not charge 10%. Are you just making numbers up? Ford is doing 2.9% for 72 months financing right now on f-150's for the month of march.
I was making up a manufacturer and an interest rate for the sake of the explanation. I figured most people weren't mentally retarded and could sort that out, but I digress.
If you think interest rates won't skyrocket when the government is footing the bill for, then I've got a bridge to sell you. It's going to spiral the same way student loans did. Companies have a funny way of charging exactly what the government says they can. What would be genius by the manufacturers would be to sell $1000 cars with $50k loans, but I doubt they'll be that brazen.
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That is the concerning part.
I didn't agree with your original premise as the banks/ car finance would be getting that money anyway for the most part.
The fact that they will now up the intrest rates is highly likely.
Not sure if I'd say this is the dumbest thing he's done but it's far from the smartest.
Do you understand the difference between income tax, sales tax, and interest?
No idea why you introduced sales tax but, yes.
Weight requirement was higher a few years ago, but you can get huge write offs first and/or second year I believe.
"You can get a tax write-off for vehicles over 6,000 lbs if they are used primarily for business purposes, through the Section 179 deduction. This allows you to deduct a significant portion of the vehicle's cost from your taxable income, with specific limits based on the vehicle's weight and usage"
After that, if mostly business you can write off the loan interest. I paid off in 2 years after a big downpayment so the interest write off was very low. , but forms of that type of write off have been around quite awhile.
Why you quote me?
- Passenger Vehicles (< 6,000 lbs. GVWR): These follow standard depreciation rules with a lower first-year deduction cap.
- Heavy Vehicles (Over 6,000 lbs. GVWR): SUVs, trucks, and vans that exceed 6,000 pounds Gross Vehicle Weight Rating (GVWR)qualify for a larger tax write-off for vehicles over 6,000 lbs. For 2025, the maximum Section 179 deduction for SUVs is $31,300, with the remaining cost depreciated over time.
- Work Trucks & Vans (>6,000 lbs. GVWR, Beds 6+ Feet Long): Vehicles that meet these criteria—such as certain cargo vans, heavy-duty pickups, and box trucks—may qualify for 100% Section 179 expensing, meaning you can deduct the full purchase price in the year you place them in service.
Talk to a tax professional of course
I quoted two people
Because I used a write off like that.
Business of course, but just wanted to let folks that didn't know that they could do that if they weren't already.
Cheers.