Income Tax Mileage Deduction
September 18th, 2008
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Question: Anyone with good ideas how the government can help us with the gas price ripoff? I have a few.?
ways government can help citizens who are strapped because of the gas price gouging ripoff:
1- Mileage tax deduction: based on odometer readings over a year. This will also help truckers, taxi drivers, & others who make their living by driving. This would be based on the IRS standard mileage allowance. That way, those who have to drive a long way to work or buy groceries will get some tax relief. It would also help the economy by helping those who want to go on a vacation trip.
2- Tax deduction if you buy a car that gets good mpg: 25+ (Not just Bugs and Echos)
3- Anyone who makes less than a million dollars and doesn’t own a car would pay no income tax.
4- Tuneups and other expenses to improve car performance and gas mileage would be deductible.
5- Those who take trains or buses to work could deduct fares.
6- Tax breaks for businesses who let their employees work from home as much as possible.
Can you think of others?
Answer: The gas tax pays for metro transit and sidewalks in parks, bridges, tunnels, etc so why give a discount to walkers or city dwellers who have access to these things and don’t pay for them anyway? Why penalize the rural area people who have to driver greater distances (keep in mind, they at least contribute to the transportation system). Your plan gives an unfair advantage while creating another economic deficit.
Reagan did give tax incentives to alternative energy homes etc. A plan that worked and those homeowners are still reaping the benefits. Explore algae bio-fuels, this keeps our corn in supply so it doesn’t tax the food system and it’s a much higher production. This technology is very new though. Give environmentalists the giant boot! They are one of the biggest reasons why we don’t have new refineries and why other companies don’t start their own. The habit creates non-competition which is what we see now. Open up US oil reserves rather than an OPEC dependence. This means we have to repair the Alaskan pipe line. Incentives for people who do carpool. NUMBER ONE, remove tax shelters for the oil business. Simply passing the fuel taxes onto them just means they will pass it back onto us but if they are taxed fairly, the more profit they make the more they get taxed it would control it a bit better. Simply tossing the fuel tax out the window means it will have to be collected elsewhere though so there is no logic in that.
Items on Amazon Right Now for Income Tax Mileage Deduction:
5 Things You Should Do Before You Have Your Taxes Prepared
Last year was a prosperous year for some, while a struggle for others, but one situation remains certain: it is time to prepare for tax season. Getting your small business taxes prepared can be a chore.
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Posted in Mileage Tax Deductions | 
Tags: car, cars, deduction, income, income tax mileage deduction 2009, irs