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Red River Valley | Please Mark what rate is capital gains vs Income Tax advantage Capital gains and in the fact that you get to delay the tax until after you are in need of using boat loads of capital Huge advantage Capital gains.
what does it matter if you call it capital gains or you expense it if there is no Income tax there is no reason to worry about it as an expense other than to your banker and he is mostly interested in what your available cash is not how your expense schedule looks. As far as the reason to expense or purchases an Item is to increase sales most every farmer in the corn belt a=has more than enough equipment to increase income two fold without needing to "expense" new stuff that's the point of my post IF FARMERS LOSE DEPRECIATION THEY WILL QUIT BUYING BECAUSE THEY ALREADY HAVE MORE EQUIPMENT THEN THEY NEED. You might be right taking away the tax deduction for depreciation and adding a national sales tax will have more farmers wanting to buy Machinery but I will bet that they don't.
It might be the right way to tax but it will be hell getting to that spot in the road IMHO | |
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Quite a bloodbath today.
