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Comment I talked to the manager... (Score 1) 312

Jerry: Yeah, but that TruCoat--
Customer: I sat right here and said I didn't want no TruCoat!
Jerry: Yeah, but I'm sayin', that TruCoat, you don't get it and you get oxidization problems. It'll cost you a heck of lot more'n five hundred--
Customer: You're sittin' here, you're talkin' in circles! You're talkin' like we didn't go over this already!
Jerry: Yeah, but this TruCoat--
Customer: We had us a deal here for nine-teen-five. You sat there and darned if you didn't tell me you'd get this car, these options, without the sealant, for nine-teen-five!
Jerry: All right, I'm not sayin' I didn't--
Customer: You called me twenty minutes ago and said you had it! Ready to make delivery, ya says! Come on down and get it! And here ya are and you're wastin' my time and you're wastin' my wife's time and I'm payin' nineteen-five for this vehicle here!
Jerry: All right. I'll talk to my boss. See, they install that TruCoat at the factory, there's nothin' we can do, but I'll talk to my boss.

Comment Re:Easy solution (Score 4, Insightful) 312

California. As well as not banning direct sales by auto manufacturers, it provides more protections for employees (banning non-compete contract terms), limits on how short yellow lights can be at signals, and the state government is running a surplus.

That's what good, conservative governance will do for you.

Oh wait.

Comment Re:This would level the playing ground (Score 1) 359

The depreciation is $500,000 and only on assets above $2 million - and must be for business purposes.

That's only half. The owner can also expense $500,000 in the first year.

Not everyone was happy on January 2 when President Obama signed into law the American Taxpayer Relief Act, notably those whose first 2013 paychecks were smaller than the ones they’d received in 2012.

But the law gave Thoroughbred horse owners a reason to raise a glass in a belated New Year’s toast, as it enacted retroactively favorable provisions that had expired at the end of 2011.

“What was supposed to happen in 2013,” said Joe Bacigalupo, director of member development for the National Thoroughbred Racing Association, “was that the bonus depreciation for 2012, which was set at a 50% schedule, would disappear entirely. The passage of the American Taxpayer Relief Act extended it for 2013.

“There’s a significant improvement between what was expected to happen and what actually happened.”

According to an NTRA release, the bonus depreciation on purchases of race horses was reinstated at 50%, which was the 2012 rate. The expense allowance was increased to $500,000 for this year and retroactively increased from $125,000 to $500,000 for horses purchased in 2012.

Said Joel Turner, a member of Frost Brown Todd attorneys in Louisville, Kentucky, and a specialist in equine legal services, “These incentives are real.”

While conceding that the announcement of the retroactive provisions wasn’t great for tax planning, he said their beneficiaries will be “rewarded for legitimate reasons” and that the aggregate of benefits will mean that in some cases, 80% of the purchase price of a horse can be deducted in the first year.

“The ability to expense the first $500,000 and take depreciation on the next $500,000 means that essentially you’re almost getting a 100% write-off in the first year,” he explained.

Estimating the value of all aspects of the Thoroughbred racing industry to be worth about $4 billion dollars to his home state of Kentucky, Turner approved of the renewal of the provisions.

“Buying horses and writing them off was included in the law because of the ripple effect to the economy,” he said. “This encourages investment in assets.”

Comment Re:This would level the playing ground (Score 1) 359

Several of my coworkers here in the Ventura, CA area have horses (the hills around here are great for riding), and both of my neighbors own boats (20 to 30 foot boats).

Now you're really being disingenuous. It's not "horses and boats". The tax law is very specific about how horses and boats can be used as tax writeoffs. It's racehorces and dressage horses. And it's not just "boats", it's "yachts that can be used for charter".

Middle and working class people do not own racehorses, dressage horses or yachts big enough to have a crew that can be chartered out.

You wanna go for "private jets" too? You've got a lot of neighbors in Ventura, CA that have private jets?

"Free markets select for winning solutions." -- Eric S. Raymond