2005 V8 4x4, gross weight of 6001lb

[jharris2]

The 03 4x4 V8 weighted in at about 5500lbs and the 04&05 model gained 500lbs, wonder if toyota was adjusting their weight ratings for the ever increasing waistbands of the American public

Please supersize my azz:awais:

That's also why they needed to increase the V8 horsepower :

Unbelievably, I was on a flight 2 weeks ago that almost had to return to the gate because they didn't have enough seatbelt extensions :bugeye: Fortunately, one woman decided to give up one of her extensions so someone else could have one.

 

[EDGE]

Not enough seatbelt extensions please let me off:nervous:

 

[Hitman]

The '04 V8 4x4 is 5710 pounds. So maybe the extra ponies in the new '05 won't be felt since it has to pull around an extra 300 pounds?

Did they increase the curb weight of the vehicle, or add to the cargo capacity?

 

[Bouncnb]

Not enough seatbelt extensions please let me off:nervous:

EEK.......I agree with EDGE, that is one flight I would not want to be on. Especially if they ran out of peanuts!!!!!!

 

[Hitman]

Faeylyn,

I have read (from several different sources) that the orginal law was intended to provide tax relief for farmers. Of course people of other occupations could also take advantage of the law, as long as the rules pertain to them. But from what I know, the original law was to help farmers.

The reason that this tax law becomes a loophole is because a lot of people are taking the deduction that do not really qualify. Big, heavy SUVs used for personal use were not nearly as popular as they are today when this tax law first went into effect. The tax law may still be legitimate, but a lot of people are using it as a loophole.

Anyone can become an instant entrepreneur these days by simply registering a business as a sole proprietership and using his or her social security number as a business tax number. Then he or she can buy one of these SUVs, use it for business, and take a fat tax deduction. This was not the original intent of the tax law, so it becomes a loophole.

You know as well as I do that "proving" the use of XXX amount of miles is almost impossible, whether it be legitimate business use or personal use. This is exactly why we will soon see big changes to this tax law, especially with the recent popularity of heavy SUVs.

 

[rando]

Anyone can become an instant entrepreneur these days by simply registering a business as a sole proprietership and using his or her social security number as a business tax number. Then he or she can buy one of these SUVs, use it for business, and take a fat tax deduction. This was not the original intent of the tax law, so it becomes a loophole.

Sure they can but they still have to show a business income to take the deduction. IIRC, you cannot take the deduction in excess of your business income (i.e the deduction cannot be used to generate a net business loss). So ultimately there isn't a loop hole. Either you are/were entitled to it, or you're not.

Whethor or not this regulation has increased SUV sales is purely speculative. I know I've heard that argument on the major media channels but I've yet to see any data to support it. Maybe I'm the only one that gets frustrated with this kind of baseless propganda.

 

[Hitman]

Sure they can but they still have to show a business income to take the deduction. IIRC, you cannot take the deduction in excess of your business income (i.e the deduction cannot be used to generate a net business loss). So ultimately there isn't a loop hole. Either you are/were entitled to it, or you're not.

Whethor or not this regulation has increased SUV sales is purely speculative. I know I've heard that argument on the major media channels but I've yet to see any data to support it. Maybe I'm the only one that gets frustrated with this kind of baseless propganda.

A saavy business-minded individual could simply calculte his or her maximum possible deduction and put up his or her own money as a buisness-generated income. If you cut this number in half, you'd still be way ahead of the game.

 

[Faeylyn]

I have no doubt that there are a lot of saavy-minded individuals out there that take this deduction but who really should not. Personally, I would not risk it unless I had a legitimate claim. Setting up a fake business for the purpose of getting this deduction wouldn't be worth the risk, IMO.