Before I began my second project, I needed to give my wife the illusion that this hobby is not going to bust us financially. Today I donated my first Cab to my children's school for their annual fundraiser auction.
In the U.S., you can write off donations to schools on your income tax. I did a little research and determined that my cab is worth somewhere around $1,500 to $2,500. The tax rate (again in the U.S.) is approximately 30%. I