Posted on 09/10/2010 10:54:32 AM PDT by lowbridge
” I can write it all off in the year it occurred.”
Yes, and there may be an advantage for you. But you won’t be able to depreciate your investment over 5 years. So, after writing it all off in the first year, you’ll be paying a higher amount in taxes over the next four. At least that’s what I read yesterday. And with this gooberment, who knows what they might do? Wasn’t there a thread earlier about that “first time homebuyer’s deal?” About a million people getting screwed with taxes? I make no attempt to understand taxation law. It confuses the heck outa me! IOW, I may be completely mistaken! 8^)
That’s why I pay my accountant, Loophole Larry, the BIG bucks!
See why we can’t allow Castle to be elected!
It’s great that another RINO weasel is on his way out. Let’s hope he remembers to bring his Obama knee pads with him.
“Hold on? Are we against the small business tax cuts too? Seriously? I thought that is what conservatives believe....small business and tax cuts. Well I know it is small government, but small businesses are the ones who hire people. I must be way off here or we are just not approving of anything. I am totally confused as to why this Senator is being called a RINO for this......Trust me I know he is a RINO overall but this topic????? Help me understand.....lol.”
The bill is another RAT scam, that will not help small business but will result in higher taxes.
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