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Nope, they let you deduct the sales tax for your state or county based off of what you paid for the vehicle...What a joke.
Yes they did. I think it was 09. In 08 you got 1/2 your equipment deducted. I got $10,000.. Now normally depending on how much your truck is vested into the busness.you deduct that percentage from the interest, fuel, maintance, de appreciation for 5yrs, repairs, and tax.p
gos
Yes they did. I think it was 09. In 08 you got 1/2 your equiment deducted. I got 10,000 RIGHT OFF THE TOP FORMY TRACTOR.. Now normally depending on how much your truck is bestedinto the busness.you deduct that perrcentage ffom the interresy, fjel, maintance, deappreciation for 5yrs, repairs, and taxes.
You're talking about business deductions? I was talking about buying a car when they had the cash for clunkers going on.
If I spent that money on mods you did it would not have a chance.
Bill, that's like saying if you spent the difference in money on a Camaro, that it would beat a Lamborghini in a top end run. It really doesn't matter. It's still a Camaro.
Did you let up at the end? Because it looked like he started to catch you (or at least close the gap) at the end.
I let up once I crossed the end. He would have passed me if this was a 1/4 mile race. As you can see, my truck is a lot heaver then his. I had my tool box full of crap and the 95 gal tank in the back was 1/3 full.
Originally Posted by bill11012
What time did you run?
I ran a 9.4 @75.87 mph. This was before I got the BTS trans and Live Tuning from Jody @ DP-TUNER. My truck runs better now.
If it is something that I am buying for personal use, I don't buy it unless I have the cash to pay for it. For a business, I can understand where borrowing the money is beneficial. For instance, say you are starting a new company(geophysical logging company here, since that is what I have experience with) and you need 20 trucks. Even buying stripped down XL models you are still looking at $600,000 just for the trucks. To outfit each truck with the tools and mods it needs to work requires an additional $1,500,000 per truck. You now have $1,530,000 per truck, or a total of $30,600,000. Not many people have that kind of cash just sitting around the house. These trucks make, on average, about $10,000 per day, or $300,000 per month total. Payments on a $30 million dollar loan come out to $150,000 per month, which leaves a profit of $150,000 per month for the owner(before paying employees). Without the loan, you don't even get the business. With the loan you make a good living.
Humm... A 1.5 million dollar truck with vinyl seats and no CD player... I think I would at least op for the XLT xince you are only talking about a $3000 increase at most, which is 0.2% increase in price. You might get happier employees that way
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