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talked to banker yesterday
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workinonjunk
Posted 3/3/2016 14:01 (#5152576 - in reply to #5152287)
Subject: RE: talked to banker yesterday


If they used the 179 as it should be used and payed cash for the machinery you are correct. I personally know of people who 179ed the machinery, put it on payments and pissed away the money on new homes, lake homes , 60000 suv's, etc, etc. Now they have to make the payments on the machinery which comes from after tax dollars.....making the payments on machinery when they don't have the income to do so.
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