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In reply to the discussion: Seriously, they need to give it up. Who do they think is buying this crap?! [View all]NashvilleLefty
(811 posts)40. A couple of things ...
As you said, a lot of equipment can be "depreciated" and loses it's value over time. This makes sense, if I have a car that is older it requires less insurance than a newer car (or at least, it should). simply because it requires more maintenance. Further, it ensures that I use newer equipment rather than older equipment which would probably be more dangerous. Again, this would lower my insurance rates as well as my tax deduction. And, seriously, as a Business Owner concerned about cost I will find my Insurance Costs much higher and of more importance than Taxes.
Bottom line, if you are paying the full 35% then you need to fire your accountant.
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Seriously, they need to give it up. Who do they think is buying this crap?! [View all]
Playinghardball
Dec 2012
OP
Just as the Russian Communists couldn't see how much they had screwed themselves.
randome
Dec 2012
#11
but trickle-down and recouping losses are two entirely different things
socialindependocrat
Dec 2012
#18