Originally Posted by Shannow
Originally Posted by edyvw
[Sure I would. If my vehicle was making profit, meaning I was using vehicle as a business, and I am able to deduct that completely from taxes, why not?
I'm assuming that you need at least one of these vehicles to earn an income, if not for the commute, but to keep yourself fir and healthy enough to earn an income...profit is the part that's left over after you take expenses away from income.
But you are operating these vehicles, in and around other people, 300 million of them...so why should you NOT be required to maintain the currency of the emissions standards ?
Some other countries they limit the road lifetime of vehicles to keep the fleet current...I take it that you are an advocate of pertpetual replenishment at your cost for the good of the other 300M Americans.
Energy companies (coal, oil, utilities, solar etc.) have a seat at the table when these decisions are made. Not only that, any investment in equipment that is necessary for companies to meet any new standard is deducted from tax bill. Actually a lot of companies in the US do not pay income tax at all (unlike individuals) and if they report loss (which is complex scheme purposely done by a lot of companies in order to lower future tax bills), they can offset a lot of taxes in the future. GM for example still does not pay income tax due to the losses that stem decade+ ago.
Yes, vehicle is used to generate income (profit if you want). But, one is already paying taxes on that profit or income without being able to deduct any amortization+gas+tires+brakes+etc. from their PERSONAL vehicle. At the same time, any mandatory requirement to meet new standards by energy companies are also involving generous deductibles in ANY country that has sensible economic policy.
EPA does not have to require retrofitting vehicles (except VW dieselgate) with updated emission equipment bcs. average age of vehicle is not as average age of coal power plant or something else. Average age of personal vehicles or commercial trucks in the US are not 30-40years or more.
As you said some countries limit average age, in the US that is not necessary bcs. for most people it does not make sense to keep their DD for such long period of time, plus the US constitution is of semi-rigid nature and very hard to change, hence I can guarantee you that mandating people to ditch their vehicles at certain age will end up at the Supreme court.
But, to go back. Yes, I will retrofit my vehicle to new standards as soon as I get same tax incentives as energy companies, plus equal subsidies:
https://www.rollingstone.com/politi...ICv4qcRBrF8UIgkuGYRy6z_IlUJ48Ngn4FIwjVx4