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
posted by Macswain at
1:38 PM
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, 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, at 2:29 PM
Rolly, is that a photo of you getting out of the car?!
By
Anonymous, at 2:10 PM
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