fkittred
join:2002-01-24
Biddeford, ME
| *Expense* not write off
I think you all are missing the point. From the story it
appears that what the bill would allow is for the companies
to Expense the equipment. This means they can subtract all the cost of the equipment from profits the first year, rather than over three years. After three years, you end up paying the same amount of taxes...
So the cost of the equipment would be treated as an operating expense, not a capital expense. In the case of current generation equipment, that is probably 50% write off vs 33% write off. Not that big a deal.
regards,
fletcher |
