this post was submitted on 28 Oct 2024
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Not The Onion

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[–] [email protected] 70 points 1 day ago (3 children)

Quality post. I really did think I was reading an Onion headline.

And I have to admit, the first time I saw the guy in my neighborhood who bought one driving it around, I pointed and laughed too.

[–] [email protected] 11 points 1 day ago (1 children)
[–] [email protected] 7 points 1 day ago (1 children)
[–] [email protected] 1 points 17 hours ago

Or the one who catered my wedding

Bitch almost made me laugh

[–] [email protected] 7 points 1 day ago

Wow! I skimmed through the article and legitimately thought it was an onion article until I read your comment.

[–] [email protected] 6 points 1 day ago (2 children)

The only one I see regularly is owned by a sneaker shop and has a tacky vinyl wrap with their logo.

[–] [email protected] 2 points 1 day ago

Those ones we just refuse to acknowledge, corporations pay through the nose for attention, so don't give it to them

[–] [email protected] 1 points 1 day ago (1 children)
[–] [email protected] 8 points 1 day ago (1 children)

That's not really how that works, just because it's a business expense doesn't mean it's free money.

[–] [email protected] 2 points 1 day ago (1 children)

It does mean it's cheaper to put a wrap on the truck than pay taxes. That's all I was getting at.

[–] [email protected] 8 points 1 day ago (2 children)

That doesn’t really make sense, even if they’re in the 37% tax bracket if the wrap costs $100 they only save $37 on taxes.

[–] [email protected] 5 points 1 day ago

They're probably claiming the entire truck as a business expense because of the wrap. Therefore, they're able to basically buy it with untaxed money, saving whatever their effective business tax rate is on the $100k or whatever. Of course, stuff like that is usually a bit of light tax fraud, because many small business owners just want a big expensive truck, but putting advertising on the car you drive for personal use doesn't make every mile a business mile. You can deduct the wrap itself, and if you are diligent you can deduct a reasonable and justifiable amount based on the advertising value and actual business use, but especially for shop owners, this is just tacky business owners hoping they don't get audited.

[–] [email protected] 4 points 1 day ago

They probably think "tax deductible" means you take the entire value off your taxes or something.