Macswain

Friday, April 28, 2006

Busted!



Does anyone doubt that Hastert also took advantage of the SUV tax loophole (a Section 179 deduction) on that big fucking rig of his? Another step - though probably a small one - toward a more fuel efficient America would be to get rid of that large incentive for the purchase SUVs.

Via Kevin Drum

3 Comments:

  • Macswain writes: "Another step - though probably a small one - toward a more fuel efficient America would be to get rid of that large incentive for the purchase SUVs."

    Rolly, what say you on this? (Don't you take a big fat deduction for a gas-hogging Landrover?)

    By Anonymous webhub, at 10:09 AM  

  • I'm all for getting rid of the incentive for buying heavy SUVs - it's bad tax policy.

    That said, *I* doubt that Dennis Hastert used the Section 179 deduction. Hastert's salary from Congress is compensation as an employee. He doesn't have an independent business, so wouldn't file a Schedule C or get a K-1, so Section 179 doesn't apply to his personal taxes.

    I suspect that members of Congress get an office allowance which includes vehicles. This is more like a company car, which are treated the same tax-wise however large or small they are.

    I read you regularly, McSwain. You continue to confirm my admiration for the tenacity of liberal opinion in the face of mere logic.

    Publius.

    By Anonymous Anonymous, at 2:29 PM  

  • Rolly, is that a photo of you getting out of the car?!

    By Anonymous Anonymous, at 2:10 PM  

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