Advertise on Bikeforums.net



User Tag List

Results 1 to 9 of 9
  1. #1
    KDB
    KDB is offline
    Senior Member KDB's Avatar
    Join Date
    Aug 2005
    Location
    Buffalo, NY
    Posts
    325
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    tax credits for biking to work?

    I suppose this could go into the commuting section, but I never seem to post there...anyways, a friend sent me this link to see if I had heard of this proposed tax credit for people who bike to work.

    I hadn't heard about and I am not sure what has become of the bill to which this is attached, but I will see if I can find out.

    To keep this C&V oriented, I do bike to work on my old Schwinn Traveler every once in a while and I plan to use the Peugeot now that I have a new set of wheels that use clinchers (I will save the tubulars for special rides).

    Here is the youtube link: http://youtube.com/watch?v=e1-nK-n1UsE

    right/left politics and who is gonna win the presidency aside (i.e. lets not get into all that) will such a credit spur more commuting on bikes, especially C&V bikes?

    It is about 22 miles from my house to campus; I average about 24 mpg in my Toyota, so a little less than a gallon of gas each way, plus a $0.25 toll each way. Thus with gas at $3.27 per gallon it is costing me about $6.50 (in round numbers) per day times 5 equals $32.50 per week to commute.

    I wonder if a tax credit would encourage me and others to commute by bike more often?
    Quotes I Like:
    By convention, indicators should have pattern coefficients (factor loadings) of .7 or higher on their latent factors.
    Statnotes from NCSC

  2. #2
    Senior Member
    Join Date
    Jan 2005
    Posts
    1,225
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    $ 240 every 15 months is a strange proposal. Sounds more like $196 per year, which won't even pay for my tire wear and tubes. It would be alot more beneficial IMO, if the government would encourage businesses to relax their ban on bikes in stores and much more strict law enforcement observation of the traffic/driver vs.bike/rider tensions. It's almost hopeless tough, in that regard, with the current/poor attitude of established law enforcement towards bicyclists.

  3. #3
    Senior Member
    Join Date
    Jan 2005
    Posts
    1,225
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Found this today:

    Legally Speaking - with Bob Mionske: Look! It's a bike; it's a pedestrian; it's a...
    By Robert Mionske JD
    Filed: December 20, 2007

    Dear Readers,
    The past week has seen cycling in the news again: The Senate stripped the bicycle commuter tax benefit from the Energy bill, while reinstating the Hummer tax benefit, which the House had removed from the energy bill; meanwhile, in Portland, yet another cyclist was killed in a collision with a motor vehicle. Finally, the State of Iowa may be poised to limit the rights of cyclists. I will be exploring these and many other issues in upcoming columns in the new year.

    http://velonews.com/news/fea/13818.0.html

  4. #4
    KDB
    KDB is offline
    Senior Member KDB's Avatar
    Join Date
    Aug 2005
    Location
    Buffalo, NY
    Posts
    325
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Interesting. I think I will contact Schumer and Clinton to see if they have a stance on the bike credit. I think any sort of credit for using a bike is worth supporting. I wonder if there are any lobbying groups pushing it?
    Quotes I Like:
    By convention, indicators should have pattern coefficients (factor loadings) of .7 or higher on their latent factors.
    Statnotes from NCSC

  5. #5
    Wrench Savant balindamood's Avatar
    Join Date
    Mar 2006
    Location
    61 Degrees North
    My Bikes
    www.2nd-cycles.com
    Posts
    2,148
    Mentioned
    2 Post(s)
    Tagged
    1 Thread(s)
    Disapointing.
    "Where you come from is gone;
    where you are headed weren't never there;
    and where you are ain't no good unless you can get away from it."

  6. #6
    Member
    Join Date
    May 2006
    Location
    Brussels
    Posts
    35
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Belgian tax law allows companies and obliges all public administrations to give their employees a non taxable allowance for travelling to their workplace of about 14 eurocent/km,regardless whether they use a big BMW,carpool or use a bike.And even more convincing some companies and administrations provide showers for cyclists.

  7. #7
    Senior Member miamijim's Avatar
    Join Date
    Aug 2003
    Location
    Tampa, Florida
    Posts
    11,603
    Mentioned
    9 Post(s)
    Tagged
    1 Thread(s)
    Quote Originally Posted by jaakfrans View Post
    Belgian tax law allows companies and obliges all public administrations to give their employees a non taxable allowance for travelling to their workplace of about 14 eurocent/km,regardless whether they use a big BMW,carpool or use a bike.And even more convincing some companies and administrations provide showers for cyclists.
    European taxes cannot be compared to U.S. taxes. Two vastly different systems.

    Regardlesss of what politicians do with taxes they're going to get you one way or another. For every credit theres a tax.
    WWW.CYCLESPEUGEOT.COM 2005 Pinarello Dogma; 1991 Paramount PDG 70 Mtb; 1976? AD Vent Noir; 1989 LeMond Maillot Juane F&F; 1993? Basso GAP F&F; 1989 Terry Symmetry; 2003 Trek 4700 Mtb; 1983 Vitus 979

  8. #8
    Senior Member Bill Kapaun's Avatar
    Join Date
    Feb 2007
    Location
    Mid Willamette Valley, Orygun
    My Bikes
    86 RockHopper,2008 Specialized Globe. Both upgraded to 9 speeds.
    Posts
    6,486
    Mentioned
    2 Post(s)
    Tagged
    0 Thread(s)
    You already get a "credit" by not spending the Federal & State tax on gasoline! That's almost $.50/gal.

  9. #9
    Senior Member melville's Avatar
    Join Date
    Jul 2007
    Posts
    483
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by dannyg1 View Post
    Found this today:

    Legally Speaking - with Bob Mionske: Look! It's a bike; it's a pedestrian; it's a...
    By Robert Mionske JD
    Filed: December 20, 2007

    Dear Readers,
    The past week has seen cycling in the news again: The Senate stripped the bicycle commuter tax benefit from the Energy bill, while reinstating the Hummer tax benefit, which the House had removed from the energy bill; meanwhile, in Portland, yet another cyclist was killed in a collision with a motor vehicle. Finally, the State of Iowa may be poised to limit the rights of cyclists. I will be exploring these and many other issues in upcoming columns in the new year.

    http://velonews.com/news/fea/13818.0.html
    Wasn't there a Bob Mionske who was a 1988 road Olympian? Same guy?

    My unfortunate punishment for being good at math is that I'm a tax accountant these days. ANY item to do with bikes is going nowhere for at least (counting down) 13 months.

    Edit: went to the link. Same guy. Cool.
    Last edited by melville; 12-27-07 at 03:07 PM. Reason: actually read something

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •