Dude, I never said it was “evasion” - I said people like Max have used the “evasion” rule to delete real/legal dialogue around how people can reduce their tax liabilities.
Look, lots of people can take advantage of tax rules and save big bucks. And such smart moves would be a topic for TaxHackr.
If this site starts to allow section 179 savings on up front bonus depreciation and 60 month recapture, then every time someone posts a deal or signed, there would be this big asterisk that says "you can save an additional 20% on tax liability due to the way depreciation could work on this vehicle should you have a profitable business and claim the benefits of section 179.
It simply makes zero sense for LeaseHackr to allow someone to spam in the subject line of their topic on a purchase that they received 27.5% off effective and bury the important bit in the body of the post that most of the % off effective was because they evoked 179.
There was a thread where people were talking about how a lot of companies use leases to reduce their operating costs; which effectively lowers the cost of the lease since it’s a business expense. This “demand” drives up the costs of those vehicles to normal non-business buyers.
Like those Escalade Sports and Sport Plats I keep posting about with markups - they’re almost all leases around here. The 4 in our day-care and another 4 in our neighborhood that I know about are run through a family businesses.
I don’t know what CPA they use, but they’re all ok with how the miles are tracked and how the use of the vehicle supports business operations. All this talk got landfilled. It wasn’t about “evading” taxes, it was about how the supply of these vehicles isn’t keeping up with the demand of people that can lease them. Which would drive up retail transaction prices.
Separately, I distinctly remember posting that for those people, it’s not about whether their construction company needs an S-Class, but it’s more of a question on why wouldn’t that construction company need an S-Class. You landfilled that one.
The off topic landfill can’t be searched… at least I can’t search it. I see the Tesla landfill though.
Anyway, someone cleaned up the headline of this post to remove the 27.5% effective. I think that’s all we were at odds about.
Everything else is just people re-hashing the dead horse. LH by and large seems to encourage smart lease/buy conversations without business tax savings (beyond the IRA $7,500) coming into play.
There was a bagel store I used to go to in the Los Angeles area, and there were always 3 or 4 expensive company passenger cars parked there. I assume they were being written off as a business expense, and were not being used to deliver bagels.
