Remember, it’s a deduction when you can take it.

obligatory

the dealer drew a lot of reservations by pricing the Bronco $1,000 below MSRP

NOL carryforward provisions have existed for ages, to incentive companies to continue spending and operating when in a loss position by letting them offset future liabilities with those losses. There are personal NOLs as well but since the super majority of people earn income through employers it never comes into play…

As a tax lawyer, I cringe every time a non-professional attempts to talk tax. It’s bad even when major outlets like the New York Times or Wall Street Journal do it. It’s even worse when a car blog does it.

The government you elect is government you deserve.

As Bill Cosby once said “I’ll make another one that looks just like you”.

“I would prefer that you die rather than bang”

All of us are commenting and clicking, so once again we have fallen into the trap.

That or Flight of the Valkyries.

It’s a recall because that’s the legal term for it. Everyone already knows Tesla can do OTA updates.

Yeah, this is the third place I have seen this in a day and a half. Pretty soon, everyone will know Carvana is throwing money at people, whether true or not.

Loved the running gag throughout the episode of Stan increasingly over-correcting his pronunciation of Tolkien’s name. "Hey, Tolllll-keeeeen...?"

Mocking abject stupidity. It’s what we do best here. 

If there’s one thing you don’t want to blow up, it’s train cars full of shit. 

Steelies for the win. Beat them back into shape to get off the trail. Paint them whatever color. $90 to replace.

Exactly this. Many companies have said exactly this.

Fun story about a bassy car. I used to work at a test lab that made the world’s loudest speakers. (They simulate the noise of a rocket launch for testing).

[Ralph Nader] Ask yourself: why is it that there’s never been a meaningful, impactful, or challenging exposé written by a car journalist?