Paul KrugmanIt's Thanksgiving weekend. I'm not driving, but many Americans are, confronting gasoline prices that ... aren't all that high 1/
Taking the historical perspective, here's the gas price relative to wages, which is higher than 2014-2020, but not in a longer-term view 2/
And as some have pointed out to me, mileage has risen a lot over time, so the actual cost of driving isn't especially high at all 3/
scf@pkrugman an awful lot of people bought very large vehicles, at least in part for the tax credits.
https://finance.zacks.com/6000pound-vehicle-tax-deduction-3484.html
One of many lists of vehicles:
https://www.pineapplemoney.com/save-money/vehicles-that-qualify-for-6000-lb-tax-credit/
What Is the 6,000-Pound Vehicle Tax Deduction?
A 6,000 pound vehicle can qualify for valuable tax deduction opportunities through Section 179 of the federal tax code. Understanding how these deductions can be claimed is absolutely indispensable for all business owners who may be considering making a significant purchase in the near future.