Maybe 33%. But then there is sales tax. And the tax deduction is only if there was a profit. Many farmers are having a bad year, again.
You don’t know what your are talking about
32% fed income tax
15% Self employment tax
8% state tax income tax
ok, I rounded up, just easier that way.
Bottom line, do you want $37,000 in the bank or a “$75,000 pickup. 45% discount drives a lot of decisions. Whether they are good decisions is another matter.
Not everyone who needs a new pickup will fall into the highest tax bracket. A 33% deduction figure, if eligible under 179, assuming you actually made a profit in the particular endeavor you're making the deduction against (whether farm or business,) is a good rule of thumb. As for your other question; I prefer things I need verses excess dollars in a bank, created out of nothing, and taxed every time they change hands. Many states also have tax brackets. The self-employment tax and alternative minimum tax are separate considerations, of course.
Kudos for taking all into consideration tho. Most folks only think of federal income taxes when considering costs.