Future motorcycle Purchase Plans.

[GeorgeS]

Was hoping to get a new bike in about 3 years , based on my planned Milage accumulation on my present bike, About 15K per year, about 4 years from now will be looking for a new one.

 

However, with OBC --- penalties --- looming and the IRS staring down the barrell , well not so sure it will be possible. ( new bike that is )

 

Lets see? 2014 -- $95 per adult or 1 percent

--------- 2015 -- $325.00 per adult or 2 percent

--------- 2016 -- $695.00 per adult or 2.5 percent of houshold income.

 

Also, 1/2 that amount for each Child you have ( I know we are all " Old Guys" here, so not to worry about that )

 

Yes, I know, I'm 70 yrs, old and on Medicare, But---- IF?? I was only 55 or so ????

Depending on your circumstances this could effect your ability to buy a new motorcycle :whistling: , maby even new tires for the " Old motorcycle " ??

 

:whistling:

Edited October 12, 2013 by GeorgeS

[Bob Myers]

Was hoping to get a new bike in about 3 years , based on my planned Milage accumulation on my present bike, Atou 15K per year, about 4 years from now will be looking for a new one.

 

However, with OBC --- penalties --- looming and the IRS staring down the barrell , well not so sure it will be possible. ( new bike that is )

 

Lets see? 2014 -- $95 per adult or 1 percent

--------- 2015 -- $325.00 per adult or 2 percent

--------- 2016 -- $695.00 per adult or 2.5 percent of houshold income.

 

Also, 1/2 that amount for each Child you have ( I know we are all " Old Guys" here, so not to worry about that )

 

Yes, I know, I'm 70 yrs, old and on Medicare, But---- IF?? I was only 55 or so ????

Depending on your circumstances this could effect your ability to buy a new motorcycle :whistling: , maby even new tires for the " Old motorcycle " ??

 

:whistling:

Or shoes for the wife, or food for yourself.

What happened to the clause that if you made under XX dollars you would be exempt. I know that was in the original discussion of the farce care package