The teacher's piano

[Don]

Hi Keith,

In Canada it is a declining depreciation allowance. The end result is that
the teacher has a good instrument and 10 years later it is worth more than
they paid for it, if they choose to sell it. That is my definition of
*nothing*. In fact it should be a definition of *investment*

At 11:53 AM 5/6/99 -0600, you wrote:
>>...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
>
>
>
>
Regards,
Don Rose, B.Mus., A.M.U.S., A.MUS., R.M.T., R.P.T.

Tuner for the Saskatchewan Centre of the Arts

drose@dlcwest.com
http://www.dlcwest.com/~drose/
3004 Grant Rd.
REGINA, SK
S4S 5G7
306-352-3620 or 1-888-29t-uner