For example, a lease payment of $500 per month would give you a tax deduction of $6,000 against corporate income. Whereas interest at 5% on a $40,000 loan is about $2,000 a year. There's a whole lot more to it than just interest and lease payments. Along with the interest goes depreciation expense. And that is another whole bag-o-worms. Congress keeps mucking around with vehicle depreciation. So some cars have limits on the annual depreciation expense, light trucks have different limits, heavy trucks have a third set of rules, and SUV's have a fourth set of rules.I'm surprised your agent friends haven't all flocked into purchases of SUV's for driving your homebuyers around in. At the moment, those have become very popular vehicles.--Peter
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra