According to the Detroit News, a business owner who purchases a Hummer H1 (MSRP $106,185) for business purposes could write off $25,000 of the purchase price as an equipment investment. Another 30% of the remaining purchase price (or $24,356) could also be deducted under a provision passed in Congress last year to stimulate the economy. The Hummer owner could then deduct 20% of the remaining purchase price (or $11,366) under regular depreciation rules. That's a total deduction of $60,722. Under the Bush plan, the total deduction for a Hummer H1 would go up to a potential $88,722.
