General Trump's Running Shit Like a Motherfuckin BOSSS

Welcome to our Community
Wanting to join the rest of our members? Feel free to Sign Up today.
Sign up

Rambo John J

Baker Team
First 100
Jan 17, 2015
78,240
77,437
This is the dumbest shit he's done yet.
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.
 

BeardOfKnowledge

The Most Consistent Motherfucker You Know
Jul 22, 2015
62,017
57,157
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?
 

Rambo John J

Baker Team
First 100
Jan 17, 2015
78,240
77,437
  • 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.
Applicable for 2025 ^^^, I believe used vehicles qualify as well as new

Talk to a tax professional of course
 

Uncle Tom Doug

Official TMMAC Racist
Jun 24, 2022
2,552
4,251
I dont know if Trump is trolling the press with this, or if he's serious. I personally tend to think he's serious because he's alluded to a 3rd term many times. Wouldn't that be something if it came to fruition?


View: https://twitter.com/factpostnews/status/1906412648343695431



View: https://twitter.com/Breaking911/status/1882572659395002664



View: https://twitter.com/Breaking911/status/1906769398331035706
No extra terms. The next time dems win, they'll rig shit and be in control permanently.
 

Mutant

Citizen of the Infernal Empire
Oct 20, 2015
1,483
2,624
They are now floating if Trump can run for a third term they'll run Obama for a third term.
 

megatherium

el rey del mambo
First 100
Jan 15, 2015
11,281
14,675
And of course we also recently had the Romanian election annulled after the nationalist Georgescu won.

I'm not sure what he did, but it must have been something terrible.

I don't want to spend a lot of time on this, but I'm sensing a trend. Just to say.

And I'm worried about the upcoming election in my country of Canada.