01-04-2017, 07:04 AM | #89 |
Mr. OEM
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X5M as a company car?
I knew I was doing something wrong, now I know what!
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'1998 BMW M3 3.2 Cabrio • Alpinweiß III auf Schwarz • Deutschland-ausführung • 1 von 12 • SMG • SRA • PDC • AUC • GSM • HK • UURS • IHKA • FGR • MFL • |
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01-04-2017, 07:23 AM | #90 | |
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Drives: 16 F10, 19 xm40i, 24 x7
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01-04-2017, 08:34 AM | #91 |
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very cool!
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01-04-2017, 09:35 AM | #92 | |
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01-04-2017, 09:35 AM | #93 | |
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01-04-2017, 10:24 AM | #94 |
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So since I rent my other home out all year long and manage it, and its considered a business, can I take part in this 179 expense as well? If I can I am about to cry, because I have been renting my home out for quite a while now. Everything I read on the interwebs says I can.
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01-04-2017, 11:42 AM | #95 |
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wow, cool!
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01-04-2017, 01:04 PM | #96 |
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Wow! Congrats on getting them all ordered and delivered in time for a great price!
Don't know about the 21's, but the cars all look incredible even with those massive wheels! Especially the blue/silverstone combo.
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01-04-2017, 01:29 PM | #97 |
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Wow...just one-upped my company car set up. Have 4 X5 50i here...
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01-04-2017, 01:33 PM | #98 |
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Congrats. Cool story. Here's to continued success and enjoying your rides.
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01-04-2017, 02:00 PM | #99 |
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Well done!
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01-04-2017, 06:18 PM | #100 |
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Nice rides, but this shouldn't be celebrated on the backs of U.S. taxpayers.
This tax loophole needs to close. It needed to close 10 years when guys were using it to buy Hummers.
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01-04-2017, 06:35 PM | #101 |
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"on the backs of taxpayers" ha ha. As if somehow I am burdening the US taxpayer by saving a small piece of my own damned money that I only earned in the first place by saving the taxpayer money. Income taxes destroy the economy and have been deemed unconstitutional at several points in our countries history. The Federal Reserve (which basically operates as a private central banking cartel with the power to print money in secret by the trillion and hand it out overseas or here) required an income tax to pay the bankers interest on the national debt so they passed it in the same legislation in 1913. This is why we have so much spending and debt in this country. Industries like ours spring up around it.
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01-04-2017, 06:39 PM | #102 |
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Congrats on these beautiful cars as well as the successful company. I do have some questions on the payment part of the car buying transaction. Do you have to write the dealer a check in the full amount or can one finance the car? Also, how does the sale tax associated with the purchase factor into the 50% + 25k depreciation? THanks and congrats again!
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01-04-2017, 07:55 PM | #103 | |
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01-05-2017, 12:28 AM | #105 |
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Thanks. I'm an independent system admin myself, so it's great to see the fruits from your labor. I've never tried Jiu-Jitsu but I've been an athlete my entire life and now for over the past 3 yrs I've been into CrossFit & I love it.
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01-05-2017, 01:31 AM | #106 | |
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First of all, it might be nice if you'd kindly tell us about these poor souls that you are referring to when you talk about "the backs of U.S. taxpayer"? You do realize that top-earning 1 percent of Americans pay nearly half (50%) of all federal income taxes and that bottom 80 percent of Americans only pay about 15 percent of all federal income tax? We all drive on the same roads, have the same opportunity in terms of public schools, benefit from some sort of government system, law enforcement, emergency services, supplemented healthcare, etc... The value of the services and benefits that the majority of folks receive is much greater than what they have to pay for it. The expense for all these things is still there, it's just that all of those system-gaming SUV buyers are the ones making up the difference for the people who aren't paying their own way. Based on that reality, my way of looking at things is that the folks buying the expensive SUVs and the X5Ms in particular, are the real taxpayers carrying the burdon. How about get off our friggin backs! After all, is it really fair that just a few percent of tax payers have to support a system where the largest majority are net takers ? Secondly, please explain how taking an accelerated depreciation hurts your so-called "tax payer"? Either way, the vehicle gets depreciated. Depreciating the vehicle early creates an incentive to buy more vehicles. When you get rid of the vehicle, any value remaining in the vehicle goes back towards income and is taxed at the appropriate rate. If anything, more vehicles are purchased which in turn creates a job for someone. The section 179 and Bonus depreciation helps to create jobs. I know it's a novel idea, but at some point, having a job and actual income is more important than penalizing someone else for their hard work and success. |
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01-05-2017, 03:07 AM | #107 |
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Nice! Do you have some interior pics?
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01-05-2017, 08:11 AM | #108 | |
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YOU built it, YOU earned it. Take every legal advantage that you can from the political thieves. |
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01-05-2017, 08:40 AM | #109 | |||
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01-05-2017, 09:58 AM | #110 |
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You are majorly confused. My post SUPPORTS his position.
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