Real estate investors, both individual and institutional, bought one-third of all single-family residential properties sold in the second quarter of 2025.
Since I’m on this tangent, the same should apply to cars. Work vehicles should be subject to far higher scrutiny as far as compliance goes, and no, Kyle, your brand new Dodge 3500 on 22" wheels and 12" lift with pristine bedliner and a shitty smoke tune does not count as a work vehicle just because you haphazardly slapped a shitty magnetic company logo on the door.
This is funny because in my country we actually have a system that you can use your company car for personal use only if you pay an extra tax, based on the power rating. This makes for two sorts of people who use company cars for personal usage: Those who get small economical company cars so the tax is as low as possible… And those whose Lamborghini Urus is registered for company use only (Yeah right, I saw you use it on a fucking Saturday).
Technically the tax authority should occasionally investigate these, but unless you really stick out, they don’t have the bandwidth.
I assume it would be the same in the US: Those who want big powerful trucks for personal use with less tax paid, will just lie. All you have to do is make up stories about your miles. IRS don’t have time to check.
What could actually be done? Just tax all cars, company car or not, based on weight. Oh there will be a LOT of whining. But heavy trucks do more damage to the roads, and it’s not linear or even quadratic. And just allow personal usage, because it’s difficult to enforce rules about that. People would be less incentivized to get heavy work trucks. Fuck it, get a luxury car for your company car, at least that is way less dangerous to pedestrians + way less wear to the roads compared to a truck.
This is funny because in my country we actually have a system that you can use your company car for personal use only if you pay an extra tax, based on the power rating. This makes for two sorts of people who use company cars for personal usage: Those who get small economical company cars so the tax is as low as possible… And those whose Lamborghini Urus is registered for company use only (Yeah right, I saw you use it on a fucking Saturday).
Technically the tax authority should occasionally investigate these, but unless you really stick out, they don’t have the bandwidth.
I assume it would be the same in the US: Those who want big powerful trucks for personal use with less tax paid, will just lie. All you have to do is make up stories about your miles. IRS don’t have time to check.
What could actually be done? Just tax all cars, company car or not, based on weight. Oh there will be a LOT of whining. But heavy trucks do more damage to the roads, and it’s not linear or even quadratic. And just allow personal usage, because it’s difficult to enforce rules about that. People would be less incentivized to get heavy work trucks. Fuck it, get a luxury car for your company car, at least that is way less dangerous to pedestrians + way less wear to the roads compared to a truck.