<DrumBeat: November 8, 2007The Oil Drum£1 per Litre Petrol Drives Peak Oil on Mainstream TV>

151 comments on Clinton's New Energy and Climate Policy

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musashi on November 8, 2007 - 3:53pm Permalink | Subthread | Parent | Comments top

Presumably PV means personal vehicles.
The great majority of strip mall stores that aren't money laundromats are tax dodges. Like the lawyers or whatever that set their kids or wives up in a cookie business that makes $3 a month in profit from the one non english speaking minimum wage employee but is good enough to write off the 60K monster SUV.
There is a reason many of these vehicles are so huge and have a 6201# GVWR. The tax code.
It would take a forensic accountant 10 minutes to prove this if regulators would do their job. Hard to see from ivory towers.

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robert2734 on November 8, 2007 - 4:28pm Permalink | Subthread | Parent | Comments top

I thought PV stood for photovoltaics. We wouldn't wanted businesses generating their own clean electricity.

RobertInTucson

I haven't escaped from reality. I have a daypass.

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musashi on November 8, 2007 - 6:17pm Permalink | Subthread | Parent | Comments top

My line of thought was that if it were photovoltaics and the business were legit, then it would be viewed as a good thing and it wouldn't make sense to repeal the tax credit.

I know for a fact that people use these tax dodges in vast quantities and it is one of the reasons why the super heavy vehicles are so popular. They can be depreciated much quicker then lighter vehicles. If this tax credit is repealed the number of oversized vehicles would fall like a rock. The tax code drives a lot of what appears irrational.

If you add the millions of one person LLC's that write all these vehicles off, you could get rid of them in very short order.

I guess we need to wait for clarification.

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eric blair on November 9, 2007 - 11:27am Permalink | Subthread | Parent | Comments top

http://www.irs.gov/publications/p946/ch02.html#d0e2211

you cannot elect the section 179 deduction for the following property.
Equipment that uses solar energy to generate electricity, to heat or cool a structure, to provide hot water for use in a structure, or to provide solar process heat, except for equipment used to generate energy to heat a swimming pool.

Thus you can not write down PV in one year, unlike other items.

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