Stupid Q: should I buy n EV?

[teodor995]

https://imgur.com/a/p9kBItW

My brain is not smart and not getting the concept.

I have a 6 figure job. I took gig delivery which I do for a few hrs on the weekend and adds an approx $15k/yr gross.

I have a 10 yo car which costs me approx $400/mostly fuel at 80% business utilisation.

So my figures are in the above link if i buy a $50k ev vs a $70k ev.

Business is GST registered so i can get up to $5800 gst refund and accessories etc.

Based on my figures linked. I can lower the $15k gross profit say down to $5k gross and only pay taxes on the $5k - is that correct?

 

[bracketdash]

@teodor995 Would recommend talking to an accountant and not taking tax advice on reddit

 

[bracketdash]

@molika Shit. I am what i despise

 

[gmaof6]

@molika Just like Fight Club. The first rule of Reddit, you don't take advice from Reddit.

Just like Fight Club. No one obeys the first rule.