IRS vs Fitzgerald

Discussion in 'Truckers News' started by Long FLD, Aug 13, 2019.

  1. jamespmack

    jamespmack Road Train Member

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    Seen this the other day. From what I know is ########, if they reused 2/3 of major components your exempt period that was the IRS law. But they made a new market and drew attention and uncle Sam the molester wants his piece. You know excise tax was a way to fund WW1. Trucks and trailers are some of the last things paying this.
     
    Opendeckin and nikmirbre Thank this.
  2. Opus

    Opus Road Train Member

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    Frankly, I love it when people try to "game" the system and get their butts handed to them.
    I paid my taxes when I bought my trucks, they should too.
     
  3. jamespmack

    jamespmack Road Train Member

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    You dont get it do you. There has been a tax law that everyone follows with gliders, now they want more! It's a part not a truck. Guess you love government control and was a spokesman for eld?
     
    nikmirbre and Rubber duck kw Thank this.
  4. Long FLD

    Long FLD Road Train Member

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    The law is that the cost of a glider has to be 75% or less than a comparable new truck to avoid FET. They were advertising their gliders anywhere from high $120’s to around $140 depending on what they were, transmission choice, etc. So if they were selling a 389 with a 500 Detroit and 18spd for $138k then a 500hp 18spd new truck would need to be $185k to avoid FET. It’s a simple equation.
     
    larry2903 Thanks this.
  5. Opus

    Opus Road Train Member

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    No, actually I do get it.
    Fitzgerald was trying to skirt the EPA regs and the tax laws and got busted.
    Meanwhile, the rest of us are playing by the rules.
    I don't mind rules as much as I mind playing by them just to see the guy next to me not and get away with it.
     
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