How much of a tax-break do you get from the Government for purchasing a Hybrid or similar car?
473193
Not enough.  If you want to be environmentally friendly, then a Hybrid may be the way to go, but not if you want to save money.  I've read several studies, and the cost to buy and take care of a Hybrid vs. a regular car is much higher than anything you save in gas or tax credits.  One of the studies looked at the Civic, and in order to break even (make total cost to own over like 5 years the same for both a hybrid and a standard model), you needed to drive something like 40,000 miles a year, or the cost of gas needed to be around $10 a gallon.
260034
Go with 6 mo t-bills. 4.775% and tax free from state taxes will give you an effective rate above 5.0% if you live in a state with average tax rate.
648641
It depends on the local sales tax rate--you pay the sales tax rate for the area where the vehicle has been registered (this is true not just in Texas but everywhere else). I was moving to the Dallas area (sales tax = 8.250%) but purchased my car in San Antonio before I left (sales tax = 7.750%) since the sales tax would be a bit cheaper.
682696
Yes, go to a government website and they'll give you taxes- FOR FREE!!!!!
205150
There are a couple of ways of looking at this.\n\nSuppose they are leasing the car for you, at $350 per month, and covering all expenses, including gas. Let's also assume you use the car 60% business, 40% personal. Then you're earning:\n\n1. The lease cost: $140 per month;\n\n2. The monthly insurance cost: If your premimum is, say, $800 per year, then that's $27 per month;\n\n3. If the gas tab for all uses is $40 per week, that's $70 per month;\n\n4. If you figure an average maintenance cost of $300 per year, that's $10 per month.\n\nFor a grand total of about $250 per month, or about $3,000 per year, if you figure it on your actual use of the vehicle and what percentage of their costs you are using for your own purposes. That's how the IRS figures your taxable deduction for a business car that's also used for personal stuff.\n\nOr, you could look at it this way: Take the total cost of operating your car last year. If you had a $300 per month payment, $800 in insurance, $800 in gas and $500 in maintenance, then you're getting an extra $5,700 per year in salary.\n\nOr, you could compute it the way the IRS would if you used the mileage-based system of auto reimbursement: They allow you to take 40.5 cents per mile for business use.\n\nSo, if you put 5,000 miles on the car for personal use in a year, you've gotten $2,025 in extra salary.\n\nIt's also important to note that since you are receiving this as a fringe benefit, it's not taxed.\n\nFor example, let's suppose your 2005 adjusted taxable income is $45,750 and you file single. You then owe the IRS $8,109. \n\nIf you add $2,500 cash to that, making your taxable income $48,250, you owe $8,734 -- a difference of $625.\n\nSo, if you got $2,500 worth of car use from your employer, it's like getting another $625 on top of it -- because that form of compensation isn't taxed.
673860
To an extent yes as the loan is tax deductible.  The problem arises if the loan is for 15 years and the car only lasts 5.  That means you are paying an additional 10 years for something that you no longer have.
701667
£504.30 tax & £380.16 NI per year\n\nCalculator on site below\n\nhttp://www.listentotaxman.com/
385411
the government offers some help with down payments for first time buyers. there may be some criteria though. may be worth checking into.
369709
buy it, the keep it out of the country for 3 months to avoid sales tax.  im not sure if they have banned that or what, but thats what i did, and i got away with tax.  my yacht was like 1.3 million, so that would have a been a lot of tax.
335398
it depends upon what state u r in ...... some states promote sale of Hybrids by allowing them on HOV lanes with one passenger while others dont ..... u will have to check with ur local DPS
376231
yeah. Think of the tax you save!
1000471
Looking at your answers so far, mine might be a bit generous, but I got the accountant who sits by me to work it out - so here goes:\n\n£5,035 is not taxed (this has recently gone up)\n£2,150 is taxed at 10% (£215)\n£11,815 is then taxed at 22% (£2,599)\n\nThat means that £2,814 is deducted each year, leaving you with £ 16,186 which is £1,349 per calendar month take home pay.
1033684
First of all, there would most likely be about $7000 taken for taxes, leaving only $13,000. I'd have to invest most of it into a tax-defered shelter to retrieve some of the $7k back.\n\nRetirement plans or real estate.\n\nIf you buy a car for $20k, in ten years it'll be worth about $2500. Not good.\n\nReal estate generally appreciates, so I'd have to go with that for an average person out there. No modulars or mobile homes. They are like cars...they generally depreciate.\n\nIf you are working and have good credit, it'd make a great downpayment on a nice house....if you bought a $100,000 house, in ten years it would probably be worth around $118,000-$125,000. You could have as much as $45,000 in ten years if you sold (also depends on how much your house appreciated).
480837
From the IRS website:\n\nFor tax years beginning in 2006, the allowable deductions for the standard mileage rate are as follows:\n\nBusiness miles. The standard mileage rate for the cost of operating your car changes to 44.5 cents a mile for all business miles driven. \n\nCharitable services. The standard mileage rate allowed for use of your car when you use your car to provide charitable services to a charitable organization is 14 cents a mile. \nCharitable services — Hurricane Katrina relief services. If you used your vehicle in giving services to a charitable organization to provide relief related to Hurricane Katrina, the standard mileage rate allowed for use of your car is 32 cents a mile. \n\nMedical reasons. The standard mileage rate allowed for use of your car for medical reasons is 18 cents a mile. \n\nMoving. The standard mileage rate for determining moving expenses is 18 cents a mile.
172061
nothing on the first-ok, around $7000.  15% on the next $7000 to about $25000 (sorry, i didnt look these up).  $25K to $45K about 25%.  35% max.  But dont forget 7.5% social security, and 4.5% (?) medicare, both on $0-86000.  And dontdont forget, if you have dependents, each cuts out about $5000 (?) of income from being taxed.
450810
It is up to you. The government will provide the rest.\n\nExample: you pay 35 cents per mile, the feds say it should be 45 (current price), they claim that extra 10 cents per mile on their taxes.\n\nThis actually sort of screws your employee if they don't meet the full deductable for filling the long form.
176594
You failed to negotiate this at the outset but if you don't ask then you STILL won't get it.  You have nothing to lose by asking for "some" assistance.  Maybe asking for a "partial" allowance may make it easier for the bosses to say yes!  Check with your tax preparer on what exactly you can claim for mileage, I know that you can't claim miles to and from work (and MOST travel allowances don't pay that either), but I don't know about miles during work.