The teacher's piano

kam544@earthlink.net kam544@earthlink.net
Thu, 6 May 1999 11:53:49 -0600


>...They get to write off the instrument so it costs
>them...nothing!
>Regards,
>Don Rose

You must live in a different world than the rest of us, Don. <g>

In the USA writing off an instrument means only that at the end of the year
a teacher may choose to deduct part or all of of the initial cost from the
gross receipts line, depending on what the tax laws allow, thereby reducing
*only* the overall amount of personal tax liability to be paid.

The dollar difference between the intial tax liability and the reduced tax
liability is decidedly smaller than the initial purchase price for the
piano.

The teacher still has to pay.

Keith McGavern
kam544@earthlink.net
Registered Piano Technician
Oklahoma Chapter 731
Piano Technicians Guild
USA
http://www.ptg.org/1999/conv/
PTG Convention, Kansas City, July




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