Conveniently timed to follow up on Oregon’s knuckle-headed debate over whether the state should tax bikes, the IRS announced today that anyone who buys a car this year will receive a tax break of up to $49,500! Because acres of free parking, thousands of miles of highway and a $15 billion bailout apparently weren’t helping the nation’s most honored industry enough!
If they’re going to give tax breaks to SUV owners, they should at least install a national fat tax so there’s no revenue loss…
“…It’s also why, whenever something exciting happens at the ballpark, everyone stands up to see better and nobody succeeds. We all jump up out of exquisite concern for our own interests and none at all for the damage we inflict on our neighbors.”
Somewhat flawed principle. People jump out of their seat to cheer. Watch a game’s first row. They stand also, without the need to do so.
Note that the IRS is giving a tax break that allows you to write off state and local sales taxes when you buy a car. Since Oregon doesn’t have any sales tax, this makes absolutely no difference to anybody here.
Stu – It will make a difference in sales at Oregon dealerships when the folks from Vantucky can stay on their side of the bridge and not have to pay sales taxes. Expect Vic Alfonso to fold his Hummer dealership immediately.