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Why do all the rich people drive G wagons? Tom runs a small business and just walked into a Mercedes dealership in Beverly Hills He's about to drive home in a brand new G wagon worth $160,000. But here's the crazy part Tom isn't really paying for it. The IRS is. There's a hidden rule in the US tax code called section 179. Under section 179 if you buy a vehicle that weighs more than 6,000 pounds and you use it for business more than 50% of the time You can write off the entire cost as a business expense in the same year you bought it

Why do all the rich people drive G wagons? Tom runs a small business and just walked into a Mercedes dealership in Beverly Hills He's about to drive home in a…

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Rich People Driving G Wagons
Tom's Purchase
Tom's Business
Mercedes Dealership
G Wagon Cost
IRS Payment
Section 179
Vehicle Weight Requirement
Business Use Requirement
Tax Write-off

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Why do all the rich people drive G wagons? Tom runs a small business and just walked into a Mercedes dealership in Beverly Hills He's about to drive home in a brand new G wagon worth $160,000. But here's the crazy part Tom isn't really paying for it. The IRS is. There's a hidden rule in the US tax code called section 179. Under section 179 if you buy a vehicle that weighs more than 6,000 pounds and you use it for business more than 50% of the time You can write off the entire cost as a business expense in the same year you bought it

Marie Beaulieu

"Why do all the rich people drive G wagons?"

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