Susan Davis (futabachan) wrote,
Susan Davis

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I <heart> NY

In the US, there's a quirk in the federal tax system that lets small business owners (including doctors, lawyers, and the like) claim a fairly sizeable tax credit for vehicles over 6,000 pounds which are used for business purposes. The original intent was to give farmers a break on tractors, combines, farm trucks, and the like, but in recent years, it's become a huge handout to rich yuppies, because the tax break for a top-tax-bracket person can equal or exceed the cost of the vehicle. Which is why the Lincoln Navigator, Ford Expedition, Hummer, and the like are suddenly so popular on US roads.

It turns out that New York has a special state tax to recapture this, thereby ending the free monster SUV handout, if only in one state.
Tags: politics, rochester

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