Forbes, How To Take A 100% Tax Write-Off For A New Porsche, BMW or Cadillac, by Janet Novack:
Think you paid too much tax in 2010? Looking for a big break for 2011?
Thanks to the temporary tax cut deal President Barack Obama and Republicans struck last December, you can write off the full cost of purchasing a new luxury SUV—provided it’s used 100% for business and its gross weight is 6,000 pounds or more. Qualifying 2011 models include the Porsche Cayenne Turbo (MSRP: $106,000) [right], the BMW X6 M (MSRP: $89,200) and the Ford Lincoln Navigator (MSRP: $62,635).
