| >1. We should tax vehicles according to their road damage, i.e., O((weight/axles)^4*axles); Fair, though keep in mind that EVs and specifically their batteries are damn heavy putting them as sedans right up there with the bigger pickups and SUVs. Taxes on EVs will also have to compensate for fuel taxes that would not apply to them. >2. Vehicles with bumpers/hoods higher than Xcm should never be allowed in the left lane; Here in America we deal in freedom units, not metric. Also, Americans love their RVs and big muscle trucks (both pickups and 18 wheelers). >3. Vehicles with gas mileage worse than 3g/100miles shouldn't be allowed to go over 45mph. Hope you'll like your groceries and all other shopping becoming quite a bit more expensive to make up for slower transport. 18 wheelers are the life blood of the American economy. >slap their business sticker on their 100k$+ 250s & 350s and then take the whole cost as a "write off" for "tax purposes". What they are doing is buying the vehicle using company funds as company equipment and then writing it down as a loss on their Income/Loss sheet. There's nothing wrong with it and you should do so for any company purchases. You might complain that the line between personal and commercial is being blurred and you would be right, but in the small business world that line is blurry for both practical and "less than justifiable but tolerated" reasons. Obligatory disclaimer: I'm not a CPA, none of this should be understood as financial advice. Consult a proper CPA or financial advisor for financial advice. |
I think the "fraud" comes from the fact that they use it for personal purposes but fail to declare it on their income tax returns as they should[1]. For the typical case of a general contractor or an electrician using their "work" pickup truck to buy groceries or even to commute, that expense is not tax-deductible and must be declared as a fringe benefit.
[1] https://www.irs.gov/publications/p15b#en_US_2024_publink1000...