Section 179 allows you to deduct the entire purchase of a vehicle over 6000 lbs gvw if it’s used for at least 50% business use. Farmers are notorious for not paying taxes. I guarantee they use untaxed, dyed diesel in their truck that they drive on roads too.
How is that relevant? Farmers are such a small percentage of the population (3.4M, so 1-2% of America) that they’re not moving the needle much at all. So even if they’re all cheating (highly unlikely) all the time, that’s still not going to change much of anything for the average person.
It’s still a problem, but it has nothing to do with current car prices, gas/diesel taxes, or anything that would impact the average person.
Section 179 allows you to deduct the entire purchase of a vehicle over 6000 lbs gvw if it’s used for at least 50% business use. Farmers are notorious for not paying taxes. I guarantee they use untaxed, dyed diesel in their truck that they drive on roads too.
How is that relevant? Farmers are such a small percentage of the population (3.4M, so 1-2% of America) that they’re not moving the needle much at all. So even if they’re all cheating (highly unlikely) all the time, that’s still not going to change much of anything for the average person.
It’s still a problem, but it has nothing to do with current car prices, gas/diesel taxes, or anything that would impact the average person.