Blues Man
Diamond Member
- Aug 28, 2016
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The cost of anything is never less that the tax write offThat’s not at all what I posted.
Assuming the small business is an S corp , If you spend 10,000 on a piece of new equipment you don't pay 10000 less in taxes.
all you do is reduce the profit of the business by 10K so at most you'd save is 3700 and that's only if you were in the top bracket