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Reply to "The $120K pickup truck"
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[quote=Anonymous][quote=Anonymous]My neighbor has one of those super fancy pickups and he hardly ever drives it. He was explaining that he bought it through his business and saved a lot of money on his taxes.[/quote] If they are over a certain weight amount, the business can fully depreciate the vehicle in a year or two (section 179 bonus depreciation). Huge tax savings for a small biz, can shield like $100K in income from the tax man if they buy one of these American made luxury bulldozers [/quote]
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