What you HATE the most on your FR-S/BRZ/GT86/FT86?

[tahdizzle]

Originally Posted by Dadhawk

I never have completely understood the "spend more money to avoid taxes" thing anyway. I realize business rules are more complicated than personal finances, but its like I explain to people that don't quite understand why I was happy to pay off my mortgage, I'd rather send $100 to the government than pay $400 to a mortgage company to avoid the $100. I have better use for the $300 net difference, and if I really want the deduction, I'll find a charity to give it to.

Originally Posted by Koa

To get the most out of one's tax strategy, whether business or individual, one must acknowledge and understand the four pillars of taxation:

Entity, Jurisdiction, Timeframe, and Character. The first three are pretty easy to subscribe, but the last one... the why we do it, is open to interpretation and that is where judges and IRS in particular will pay attention to when reviewing or contesting an action that affects their tax filing.

The Why We Do It must make sense. That "paid off" feeling is not easily quantified, but it is real and has purpose. Businesses must make decisions that have a purpose, and simply construting activities or decisions around tax shielding leaves a lot on the table. There are valid purposes for spending more to enter into a lower tax bracket. Just as there are valid purposes for the business to pay off their entire bank note/loan to skip the hassle and feeling of owing money. Different strokes, which is what makes the world so beautiful and diverse


Just to clarify, I'm no tax guru and I don't make taxation my specialty. I am not a proponent of big government and have sentiments against the IRS as it currently operates. Just trying to spread the perspective

This is exactly why i hate my brz :p

[Tcoat]

Originally Posted by Koa

The advantage of leasing versus owning in the company sense is not that simple. While you indeed CAN deduct lease or leasehold payments as expenses, you do not take into consideration financing's expenditure advantages: MACRS accelerated depreciation, section 179 deductions, section 168 allowance %, and other allowances that frontloads the depreciation expense allowed by the business to take. Also remember that throughout the life of the lease, you are effectively amortizing the vehicle anyway. The expense per month is the only thing allowed to be taken. One can't lease and then frontload the whole expense up front like straight out buying and then utilising the aforementioned allowances and deductions can.

In many cases, this modified depreciation amortization is favorable to leasing IF we, the business, only are after maximum tax shielding through expenses.

As with everything, it's not as simple as that, and contrary to popular belief businesses' most effective tax strategies don't simply look for how much they can load on the expenses and conversely shield from taxation. If you want to get really into it, research is showing that is adverse to the business to think in that mindset; even further, it is showing that tax incentives for businesses to load up on depreciable assets and cap expenditures aren't driving growth how the bill makers envisioned it would- particularly at the small to medium business level, which covers the vast majority of businesses in the U.S. I got a bit of literature on the subject if you want any thrilling bedtime reading

source: accounting manager for a billion dollar distribution company

.

[Lateral G]

Originally Posted by Tcoat

WOW how tall are you? Or conversely how big are your keys?

Lol. I'm 6'3" so yeah I am used to it. Single key on a homemade paracord keychain. The world isn't build for people my size!

[Koa]

Originally Posted by Lateral G

Lol. I'm 6'3" so yeah I am used to it. Single key on a homemade paracord keychain. The world isn't build for people my size!

6'3 here as well and no problems- definitely a proportion problem sounds like, lanky legs I'm guessing!

[Lateral G]

Originally Posted by Tcoat

We all have them whether we want to acknowledge it or not though.
I sat for 5 minutes trying to figure out how to turn the clock back an hour last week! Was a classic case of too easy and figured there should be more to it.

The ease of use is the clocks redeeming quality. I travel a lot between time zones.

[Lateral G]

Originally Posted by SuperGTS

I don't really like the centre console... the cup holders are out of place. Also the stupid rear pillar... when i change lane I look about 13543562487594354 times -.-

Use your side mirrors and lean forward towards the steering wheel. Takes one second and shows blind spot. Learned this driving an AT&T van for 5 years.

[manualmotive]

Why does only the passanger seat have a pocket in the back of it? I NEED MORE FUCKIN POCKETS

[BRZZZZZZZZZZ]

Originally Posted by Lateral G

The key hits my knee while driving. I'm constantly adjusting wheel and seat position. I can live with it but it's a gripe.

Solution: trade up for a BRZ?

[ogrowup]

Originally Posted by Burrcold

I don't know where you are shopping but the interest rates are not 12-15% higher. In some cases the lease rates are on par or even lower than a standard finance.


If you really did mean "internal rate" I don't even know what you're talking about then...

\

The internal rate is real and is often higher, sometimes much higher than the interest rate on a loan. The PAYMENT is lower, but not the interest rate. Do not confuse the payment with the interest rate.

You won't see it because it's buried in the calculation of what the lease payment is, but there are roughly 14 line items that have to be calculated to determine the lease rate. In every instance I've seen, leasing costs more in the long run.

The biggest advantage for a business owner to lease equipment or car is they don't have to do a large (or sometimes any downpayment). Most importantly, a business owner can write off 100% of the cost of the lease as an expense. That can help reduce taxes.

If you finance that same car, equipment etc, you cannot write of the entire expense the year you bought it. You must depreciate it over a 3,4 5 year schedule based on what the IRS deems to be the correct depreciation schedule, thereby losing some of the tax advantage.

Hands down the cheapest way to buy a car is to do it cash and hang on to it for 10 years, all the while saving for the next car.

Of course, if you are on this forum, you are clearly the lunatic fringe, because let's face it, we are all nut jobs for buying these cars and modding the crap out of them.

[tennisfreak]

Originally Posted by manualmotive

Why does only the passanger seat have a pocket in the back of it? I NEED MORE FUCKIN POCKETS

Not sure if serious

[tahdizzle]

the passenger seat has a pocket?!

[Tcoat]

Originally Posted by tahdizzle

the passenger seat has a pocket?!

There's a passenger seat???

[manualmotive]

What, you're saying the FRS doesnt have pockets in the rear of the passanger seat? I'm in a BRZ

[xamgin]

I love everything about cars