Quote:
Originally posted by SlowToady
I think he's a subcontractor, because of the 1099, so he is able to write it off as a "Cost of doing business" basically.
|
This is correct- the write-off isn't as big a deal as I made it sound- the money written off deducts from the total $ I can be taxed on. So, in laymans terms, I don't get $3000 for free. I get the taxes I would have paid on the $3000 for free.
As for the leased car on the track comments, yes, this was another impulsive and not necessarily smart decision of mine. The rationalization is that "oh- there isn't much of a chance of anything happening- I am a good driver". So yeah, if I wrecked i would be up poopy creek.
So far, I am suprised to be hearing from some to keep the RX8. Yes, the car is fantastic. As far as buyout goes, it is pretty much at market value. Particularly because I am significantly under market for it. I got a pretty favorable buyout- but at the expense of more $ up front. No free lunch there.
Its a new car, so as for reliability it SHOULD be bulletproof at this point, and it has been. Its also suspiciously fast, and pulled considerably on other RX8s at the track (not just due to my super awesome skills). Part of this is that fact that I got a stipped version. Low weight makes me happy. RX8s get pretty horrific mileage (if I get over 20mpg it is cause for celebration), but for the amount I drive this is negligible.
I dunno- I just don't want to be strapped for cash anymore. I want to be in a surplus situation, but thats easy to say when I will be driving home tonight in my car. I have 2 months to decide, but I don't see how it is going to be any easier.