Re:Tesla Cybertruck Pricing and Specs
by pjot on Thursday November 30, 2023 @06:44PM
(#38480889)
Can you explain more? Not sure how that’s possible
[ Parent
| on HN ]
Re:Tesla Cybertruck Pricing and Specs
by voidfunc on Thursday November 30, 2023 @06:57PM
(#38481009)
Standard tax deduction for businesses as a work truck. Technically you need to be using it only for business reasons but we all know how fuzzy small business owners get with that kind of stuff sometimes.
Re:Tesla Cybertruck Pricing and Specs
by shampine on Thursday November 30, 2023 @07:01PM
(#38481050)
Probably referring to a section 179 deduction which gives you a $25k deduction on your taxable income for vehicles that weigh more than 6000lbs.
Re:Tesla Cybertruck Pricing and Specs
by toomuchtodo on Thursday November 30, 2023 @08:18PM
(#38481710)
https://www.tesla.com/support/incentives
> Qualifying businesses can claim a deduction of up to $28,900 when purchasing a new Tesla vehicle with a gross vehicle weight rating (GVWR) of at least 6,000 pounds. To qualify for the tax deduction, vehicles must be operated for legitimate business use >50% the time.
Re:Tesla Cybertruck Pricing and Specs
by solardev on Thursday November 30, 2023 @08:28PM
(#38481790)
Why are we incentivizing huge vehicles, sigh =/
Re:Tesla Cybertruck Pricing and Specs
by toomuchtodo on Thursday November 30, 2023 @08:30PM
(#38481817)
We’re incentivizing business capital investments. Certainly, it’s not always efficient (Hummers that used this tax treatment), but that is the intent. It would be more optimal if trucks didn’t keep getting bigger, but trucks are still needed for work purposes.
Re:Tesla Cybertruck Pricing and Specs
by solardev on Thursday November 30, 2023 @09:18PM
(#38482219)
Then why not just incentivize work vehicles, be they large trucks or electric sedans?
Re:Tesla Cybertruck Pricing and Specs
by toomuchtodo on Thursday November 30, 2023 @10:42PM
(#38482860)
Because that is not the criteria codified in statute.
Seems like a tautology
That’s called incentivizing large vehicles
The reason was to avoid tax advantaging sports cars or luxury sedans for executives. At the time SUVs were utilitarian and unfashionable so dividing by weight seemed an easy way to distinguish between "real" work vehicles and "fake" work vehicles.
Of course it backfired so now 6500 pound SUVs (and even luxury sedans!) are easily acquired.
aka the Benz AMG exception: https://www.mbotw.com/section-179-tax-exemption/
Brb, about to start “Get a Free Truck, LLC.”
Wow.