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Floyd Mayweather shows off 7 of his 15 Rolls Royce

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 5 days ago '05        #26
barber 
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Floyd’s a material girl!
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 5 days ago '19        #25
maranello550 
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7 rolls royces = ray j rant
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 2 weeks ago '17        #24
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StanlitoTheFly 282 heat pts282
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Floyd Mayweather shows off 7 of his 15 Rolls Royce
 

 
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 4 days ago '04        #23
Duntaz 69 heat pts69
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Did he walk pass the indoor pool outdoor pool
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 4 days ago '04        #22
thegod 
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Don't ever disrespect The Money Team. They got 7 Rolls Royce's outside. They got an indoor pool and a outdoor pool. An indoor basketball court and a outdoor basketball court...lmao.

Ray J rant is still comedy.
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 5 days ago '04        #21
JayR04 123 heat pts123
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And they probably never get driven.



Let me borrow one of em


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 5 days ago '17        #20
Gucci2x 12 heat pts12
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I hope Floyd is leasing them, but probably not lol .



"A Rolls Phantom can easily cost upward of $500,000 new and tends to lose up to 30 percent of its value in the first couple of years"
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 4 days ago '05        #19
projectd06 2 heat pts
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 qutaboi225 said
Leasing.Write off depreciation and lease payments. All these BX millionaires and accountants should know this
Write off depreciation of a leased car
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 4 days ago '05        #18
projectd06 2 heat pts
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 qutaboi225 said
yes...
Wasnt aware you could deduct depreciation on a leased vehicle but Im pretty sure you cant deduct depreciation AND payments, i think its one or the other.

Edit: Looked it up, its one or the other, and its different for luxury vehicles.


Last edited by projectd06; 02-11-2019 at 06:12 PM..
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 4 days ago '05        #17
projectd06 2 heat pts
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 breezeus313 said
Have it in a business, write off the payments under your business usage

leasing the car you're just paying for that depreciation of what you use.
Yea i didnt think you could deduct depreciation of sometbing you dont own, but you actually can. Your right tho, and you will probably get more if you deduct the payments instead of mileage.
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 5 days ago '04        #16
qutaboi225 53 heat pts53
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Leasing.Write off depreciation and lease payments. All these BX millionaires and accountants should know this
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 4 days ago '14        #15
breezeus313 
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 projectd06 said
Write off depreciation of a leased car
Have it in a business, write off the payments under your business usage

leasing the car you're just paying for that depreciation of what you use.
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 4 days ago '17        #14
92baby 2 heat pts
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 GHova315 said
7 Bentley's...7....what da fvck reason does he have to have 7 Bentley's?

Another example of you can be rich but you can't by class or swag.
Stupid sh*t people say

Why isn't it class cuz Bill,Zach,Elon or Jeff dont show their rides?
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 4 days ago '14        #13
breezeus313 
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 projectd06 said
Yea i didnt think you could deduct depreciation of sometbing you dont own, but you actually can. Your right tho, and you will probably get more if you deduct the payments instead of mileage.
You can

Maintenance and repairs
Tires
Registration fees and taxes*
Licenses
Vehicle loan interest*
Insurance
Rental or lease payments
Depreciation
Garage rent
Tolls and parking fees*

But I would have a good accountant to do it
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 4 days ago '05        #12
OG T Gutta N 13 heat pts13
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 qutaboi225 said
yes...

no

Luxury Autos

Congress decided years ago that the taxpayers should not subsidize extravagant vehicles used by business. To prevent that, the law squeezes otherwise allowable depreciation deductions for “luxury cars.” But don’t think Rolls Royce or Ferrari. Congress has a much less extravagant view of luxury. For 2018, the maximum first-year depreciation write-off for a new or used car is $10,000 plus up to an additional $8,000 in bonus depreciation. (These figures a*sume 100% business use.)

The limit is higher for SUVs with loaded vehicle weights over 6,000 pounds but no more than 14,000 pounds. For such vehicles put into use in 2018, 100% of the cost can be expensed using bonus depreciation, a*suming 100% business use.

Leased vehicles are not depreciated. Instead, the business portion of the lease payment is deducted. When the value of the leased vehicle is above a certain amount, you must also subtract an "income inclusion" amount from the deductible amount. For vehicles first leased in 2018, the threshold is $50,000. This income inclusion rule is an attempt to equalize the tax benefits from leasing and owning business vehicles.
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