America Automobiles Awards Economy Money Photography Social The World Travel Workplace

You May Have $25,000 Coming to You


Buy a Hummer, Get a $25,000 Tax Break

Some Members of Congress Are Moving to Close the Tax Loophole; Auto Dealers Want to Keep It

from ABC News

Among the provision’s strongest opponents are automobile manufacturers and dealers who argue that repealing the exemption amounts to a tax increase.

“It’s an unwarranted tax increase on small businesses,” said Bailey Wood, spokesperson for the National Automobile Dealers Association, noting that the exemption list is not that complete.

I know many people who have large SUVs–Hummers, Escalades and such– and I’m bringing your attention to this article in case you don’t know about the tax write-offs that may be available. I’m aware the article actually is about trying to close what many consider an unwise loophole. Anyway, check it out here.

By Shirley Buxton

Still full of life and ready to be on the move, Shirley at 81 years old feels blessed to have lots of energy and to be full of optimism. She was married to Jerry for 64 years, and grieves yet at his death in August of 2019. They have 4 children, 13 grandchildren and 11 great-grandchildren...all beautiful and highly intelligent--of course. :)

One reply on “You May Have $25,000 Coming to You”

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s