Posted by Texasmark1 on December 10, 2016 at 07:58:22 from (99.198.13.55):
In Reply to: My new loader posted by showcrop on December 10, 2016 at 05:00:07:
Buying something just for the sake of the tax deduct is only the difference in percentage of the would be brackets between the two choices. If you are in say the 15% bracket and through profits moved to the 35% (assumed numbers, not actuals but close enough) you would be required to pay 35K-15k = 20k in additional taxes on a $100k additional profit leaving you $80k in your pocket to spend on something you need or to invest.
So, how do you justify buying just for the sake of buying? I never could figure that one out and that's why I am my own "tax expert, consultant, CPA, money manager" or whatever you choose to call it.
However, if you have an item fully depreciated and the maintenance costs are rising, and you are considering a replacement having the amenities to work more productively and make you more profit and pay less tax as a result then.............what are you waiting for?
Upload one or more videos to your post. Photo filesizes should be less than 300K and Videos, less than 2MB. Formats allowed are gif, jpg, png, ogg, mp4, mov, and avi. Be sure to use filenames without spaces or special characters, and filetypes of 3 digits lower case.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - 12-Volt Conversions for 4-Cylinder Ford 2000 & 4000 Tractors - by Tommy Duvall. After two summers of having to park my old 1964 model 4000 gas 4 cyl. on a hill just in case the 6 volt system, for whatever reason, would not crank her, I decided to try the 12 volt conversion. After some research of convert or not, I decided to go ahead, the main reason being that this tractor was a working tractor, not a show tractor (yet). I did keep everything I replaced for the day I do want to restore her to showroom condition.
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
