Posted by John_PA on February 01, 2014 at 11:39:08 from (71.182.166.45):
In Reply to: Farm Bill thoughts posted by rrlund on February 01, 2014 at 09:07:57:
" On May 22, 2008, Congress passed The Food, Conservation and Energy Act of 2008 (also known as The Farm Bill). This law allows special bonus depreciation under section 1400N(d) of the Code. "
picked that off the internet quickly.
I remember being excited couple years ago when I could get a nice used corn planter from the money I didn't have to pay in taxes because I bought a tractor that had bonus depreciation for the first year.
I'm not saying I evade taxes. I'm saying that I am thankful for every opportunity I get to keep the money I earn.
Right now in Pennsylvania, locally, gasoline is $3.599 a gallon. Diesel fuel is $4.499 a gallon. 44 9/10 cent road tax just got a buddy in the form of separate road tax that add 9 cents per gallon to gas, but 13 cents per gallon to diesel fuel.
The bulk of new construction and repairs is not happening in any rural areas, but closer to the city of Pittsburgh and all the shopping centers that surround it. It's like I have to pay so other people can shop. Nifty...
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