Jalopnik
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official car pundit drinking game
Gentlemen, Start Your Tabs: Wert On CNBC This Afternoon Talking SUV Taxes
Yet 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 to go? Is it blasphemy? Start the debate below. -
alternative energy
Buy Your Civic Hybrid Today: Tax Credit Halves Tomorrow
The 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 manufacturer sells 60,000 units of that particular hybrid vehicle. Then a phase-out process begins, eventually reducing the credit to nothing except that warm glow you getfrom the batteries explodingsaving the planet. More » -
offbeat news
NY Times Reveals Congressmen Have Bad Taste In Cars, No Eye For A Deal
Representative Michael R. McNulty pays $816 for a 2007 Mercury Mariner Hybrid, which he chose for its utility. Representative Redolphus Towns pays $715 a month for his Lincoln MKX, he bought it to save money on fuel. Representative Louise M. Slaughter needed a car that handled safely in the snow, so she picked a Buick Lucerne, for which the US Taxpayer pays $808 a month. All have chosen to take advantage of the benefit on offer to any member of the US House of Representatives: any car of their choice leased for them with no price limit and all expenses, including gas, paid for. More » -
novelties
Top Ways to Save On Taxes With Your Car
We're there again, that part of the year when the bony finger of Uncle Sam slips its way into your wallet and takes what it deems to be a fair share of your hard earned money. That's right, it's tax season. That time honored tradition of putting everything off until the last minute then filing as close to midnight on April 15th as possible will be once again in full glory, and local TV will once again run 11PM news coverage of the blessed event. But how about we talk about lowering those taxes the only way we know how *— with your car.
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4:41 PM on Fri Apr 11 2008
By Ben Wojdyla
7,887 views, 18 commentsLatest by PaperBoy: @eltonito: You can get 100% value if the charity is giving the car to people in need, and in some more »
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industry news
Toyota Tax Credit Goes Bye Bye
Remember all that money you were going to save on taxes thanks to that LS 600h L you bought last week? You don't? Good, because it doesn't exist. The federal tax credit for new hybrids is limited to a certain number of vehicles and Toyota has hit that mark. If you're the owner of a Toyota or Lexus purchased before October 1st you're still eligible (after that you're SOL). Of course, you still qualify for up to $3,000 in credits if you buy a hybrid from Ford, GM, Honda or Nissan. [Houston Chronicle via HybridCars] -
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carsharing
Car Sharing to Get More Tax-ing in Washington State
Flexcar/Zipcar users around Washington State are going to see the price of their car sharing rise this week as a nearly 10% car rental tax is going to be applied to their services. The rental car companies were displeased with the exemption for car sharing since they consider their services comparable, and the state's tax collectors agreed. There's an interesting balance at work here. On one hand, car sharing services (like rental car companies) utilize public roads and benefit from many public entities and should therefore pay taxes. On the other hand, the company does pay taxes on its income, gas, payroll, et cetera and helps the city lower its congestion by allowing numerous people to use one car. In the end, what happens will be a matter of who is willing to fight harder for/against the exemption. [Marketplace] -
news
Pressure Builds For eBay To Rat Out Sellers To IRS
Now I've bought quite a few car parts on eBay; in addition to having more used parts than the biggest junkyard you ever saw, eBay is also a great source for NOS stuff. It was a relief when the pawnbrokers weren't able to ram through their pet bill requiring California eBay sellers to get fingerprinted and licensed, but now there's pressure looming to get eBay to report all sellers' transactions to The Man. Since big-time eBay sellers already report their income to the IRS or face the steely glare of auditors- The Man knows when you're making real money on eBay, because unless your buyers pay cash (not bloody likely) the money's gonna hit a bank account at some point- this would have the effect of scaring away all the guys selling the box of old parts gathering dust in the garage. More » -
news
Something About England: London to Triple Congestion Tax on Large Cars
Holy crap. Has Red Ken gone entirely friggin' starkers? As reported previously, London mayor Ken Livingstone plans to increase the congestion charge on large cars and SUVs to 25 quid (currently $47.50), while ditching it for drivers of electric cars and hybrids. He's also planning to ditch the 90% discount for large-car drivers who live inside the zone. This just strikes us as crazy. Bonkers. Nuts. And entirely unfair. More »
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