Posted by jimg.allentown on June 13, 2016 at 10:14:26 from (108.2.196.109):
In Reply to: Re: Motorhomes... posted by massey333 on June 13, 2016 at 05:58:24:
I'll take exception on that statement that it costs nothing in the end.
Tax wise, perhaps. BUT, the money comes from somewhere. You can't just pull $100,000 or more out of thin air, make payments for X number of years, and then try to tell me it cost NOTHING.
Write-offs are for tax purposes for money already spent. The operative word here is ALREADY SPENT. And, a write-off is a business tool that simply amounts to taking money out of one pocket and putting it into another. The money is still spent, and it had to come from somewhere. Write-offs are not even a good business tool. They amount to throwing away money for tax savings. Money is thrown away by overpaying for goods or services and then declared as a business expense to lower tax liability.
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Today's Featured Article - George's Fordson Major - by Anthony West (UK). This is a bit of a technical info to add on to the article about George's Major in the "A Towny Goes Plowing" article. George bought his Major from a an implement sale about 18 years ago for £200.00. There is no known history regarding its origins or what service it had done, but the following work was undertaken by Harold alone to bring it up to show standard. From the engine number, it was found that the major was produced late 19
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