<div class="gmail_quote">On Mon, Apr 21, 2008 at 11:44 AM, Dean May <<a href="mailto:deanmay@pianorebuilders.com">deanmay@pianorebuilders.com</a>> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex;">
<div lang="EN-US" link="blue" vlink="blue">
<div><div class="Ih2E3d">
<p><font size="3" face="Times New Roman"><span style="font-size:12.0pt">>>Example: you buy a tool for $1,000.00. It's a business
expense, yes, but it just cost you $1,000.00. The tax on $1,000 might be
around $150.00 (just a guess). Had you not bought the tool, you would
still have in your pocket the $850.00. ($1000.00 - $150.00 = >>$850.00).
In effect, yes, you got the tool for $850.00, but you no longer have the
money that was used to purchase it. :-) </span></font></p>
<p><font size="2" color="navy" face="Arial"><span style="font-size:10.0pt;font-family:Arial;color:navy"> </span></font></p>
</div><p><font size="2" color="navy" face="Arial"><span style="font-size:10.0pt;font-family:Arial;color:navy">But you do have the equity of the tool.
</span></font></p></div></div></blockquote><div>Oh, to be sure. My point was that we shouldn't go on a wild buying spree <span class="Apple-style-span" style="font-style: italic;"><span class="Apple-style-span" style="text-decoration: underline;">just for</span></span> the deduction.</div>
<div> </div><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex;"><div lang="EN-US" link="blue" vlink="blue"><div><p><font size="2" color="navy" face="Arial"><span style="font-size:10.0pt;font-family:Arial;color:navy">This may prove to be more valuable than the cash if the devaluation of the dollar
continues to escalate.</span></font></p></div></div></blockquote><div>Yeah, is it called "hard assets"? :-) If we continue on our present national course, we will see the end result of a baseless dollar. Dollars will be worth less (worthless??), and real stuff will be worth more.</div>
<div><br></div><div> </div><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex;"><div lang="EN-US" link="blue" vlink="blue"><div><p><font size="2" color="navy" face="Arial"><span style="font-size:10.0pt;font-family:Arial;color:navy">Investing in tools is an investment, not an expense. It
is an investment that will not only be a tax write off, but hopefully (if done
wisely) will actually contribute to the bottom line and give you more free
time. And good quality tools will have resale value when you retire.</span></font></p></div></div></blockquote><div><br></div><div>Absolutely. I love tools, too. <G> </div></div><br>-- <br>JF<br>