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who you should talk to about Sec 179
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Posted 12/15/2015 19:59 (#4962546 - in reply to #4962468)
Subject: RE: Hell yes. Some of us are still operating in the black


southwest illinois
Depreciation schedule is merely prepaying future tax liabilities, hence lending government money

You do realize tax cuts made in 2001 could lapse at any time.......and social security maximums are raised annually?

And in Illinois we are at 3.25% with pretty good odds it will go up

And BTW if you are buying anything that drops in value quicker than the general IRS depreciation schedules, makes the purchase have to increase net profits by a greater percentage
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