RE: [ST] Resources and Gas....

["Andrew F. Kay, Jr. " <captainquack@xxxxxxxxxx>]

So THAT's why I bought a GMC 2500 4x4 with the 6.6 litre Turbo Diesel?
And then installed the Banks Stinger system (ECU, exhaust and wastegate
actuator) for another 100 ponies and 60 Ft-Lb of Torque that makes it
spin the tires on the painted lines in the road?

And all this time I thought I was just having fun.

The new 5th wheel, with TWO ramps for the Triumphs, arrives at the end
of the month.  Hurricane Jeanne ate the last one.

Andrew F. Kay, Jr.
Riders of the Lost Empire, LC,  13355 79th Street, Fellsmere, FL 32948
www.lostempire.com   andy@xxxxxxxxxxxxxx 
"Sound, sound the clarion, fill the fife, throughout the sensual world
proclaim, one crowded hour of glorious life is worth an age without a
name." Thomas Osbert Mordaunt, 1730-1809



- -----Original Message-----
From: owner-st@xxxxxxxxxx [mailto:owner-st@xxxxxxxxxx] On Behalf Of
Thomas Emberson


First of all, you could always deduct the cost of the vehicle, without 
the incentive you just had to amortize the deduction over 5 or 7 years. 
So the only change is how quickly you can deduct the amount.

Secondly, if they sell the vehicle, they are selling a fully depreciated

asset, so they then have to pay tax on the capital gain of selling 
something that is supposed to be worthless because it was full 
depreciated. MY head hurts.

Very few people realize these 2 points.

BTW, I don't like the H2. If I where going to go for the exemption I 
would go for a F350 diesel and run bio-diesel, and get about 18-22mpg 
pulling 5tons.  But that's just me, since I don't have a trailer, yet, 
my Ranger sitting at home will do just fine .....

cheers,
Tom


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