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.

Evan Wins National Spelling Bee

Congratulations for winning this spelling bee go to both this fine young man and his mother, Jennifer, who schools him at home. I’m encouraged with our world when I read of such people; their brilliance, their dedication, and their accomplishments. Here’s to the upstanding and focused young people among us.

 AP Photo

Having spelled “serrefine” to win the Scripps National Spelling Bee, Evan O’Dorney is ready to tackle an even more unusual challenge for a 13-year-old boy.

“In the fall,” said his mother, Jennifer, “he’ll be taking calculus.”

Evan, a home-schooled eighth-grader from Danville, Calif., breezed through the competition Thursday night to become the nation’s top speller. He said he knew the winning word — a noun describing small forceps — the moment the pronouncer said it, but he was more enthusiastic when he spoke about an upcoming math camp this summer and the calculus class he’ll be taking at the University of California at Berkeley.

Read the entire article here.