A Luxury Bus Stop Is A Perfectly Sane Way To Spend $1 Million In…

If there's one thing federal taxpayers love, it's the misappropriation of their funds. That's why nothing should warm the hearts of federal taxpayers nationwide than hearing that federal transportation grants are funding $1 million bus stops in Arlington, VA.

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Chinese Customs Seizes Smuggled $5 Million Hypercar Named After A…

Impossible-to-spell-correctly-on-the-first-try supercar maker Koenigsegg recently made a one-off version of their Agera supercar for a Chinese customer. Named after a delicious sandwich, the Agera R BLT allegedly cost the owner nearly $5 million.

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Why Obama's plan to tax cars by the mile is wrong

A draft of a transportation bill written by the Obama administration sets out a plan for taxing drivers for every mile they drive. The idea has backers in Congress who say fuel taxes won't keep paying for roads much longer. It won't work. But here's a plan that will. Update!

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IRS Takes Nissan To Court Over Bermuda Tax Shelter

The U.S. Internal Revenue Service suspects Nissan North American may have used Bermuda to wrongly shelter some income from U.S. taxes. The agency won a federal court order last week forcing Nissan to surrender paperwork on contracts worth $45.9 million.

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Nebraska Car Collector Busted For Avoiding Tax on 150 Cars

A Nebraska car collector has been charged with avoiding sales taxes on 150 vehicles in his private collection. Nebraska State Troopers say Mark Pieloch, 52, will turn himself in on one felony charge of tax evasion. [ConcoursBlog.com]

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Gentlemen, Start Your Tabs: Wert On CNBC This Afternoon Talking SUV…

WertSUV.jpgYet another round of the official car pundit drinking game today at 2:20 pm (EST) as our very own Wert wrestles with the topic of taxing them big-ass sport utility vehicles on CNBC. While it may not be as much fun as what Siler is wrestling with, we get to watch the destruction live. Do you think taxing SUVs is the way …

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Buy Your Civic Hybrid Today: Tax Credit Halves Tomorrow

suv.pngThe Honda Civic hybrid is the latest victim of the hybrid tax break exemption. Beginning on July 1, the tax credit for owning a Honda Civic hybrid will be sliced in half, from $1,050 to $525, on its way down to zero. If you recall, owners of hybrid vehicles are only eligible for the full tax credit until the…

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