The Tax Stimulus Legislation contains valuable provisions for investment in capital equipment when purchased in 2009!
- Increases in Section 179 Expensing Provisions from $128,000 to $250,000 through December 31, 2009 if total capital acquisitions are less than $800,000 this year.
- Provides a 50% Bonus Deprection write off.
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| The simple spreadsheet below will demonstrate your
potential Tax Savings: |
2010 |
| Estimated Machine Price (EMP) |
| Section 179 Deduction |
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| Balance to Depreciate over 7 Years (EMP - Section 179 Deduction) |
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| Standard Depreciation (14.29% Yr. 1 x (EMP - Section 179)) |
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| Total First Year Tax Deduction(Section 179 Ded. + Stand. Depreciation) |
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| Assumed Customer Tax Bracket |
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| TAX SAVINGS |
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