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Americans can no longer afford their cars (www.newsweek.com)

submitted 10 months ago by Blaze@lemmy.zip to c/personalfinance@lemmy.ml

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[–] PlasterAnalyst@kbin.social 16 points 10 months ago

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.