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hypothetical Question
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<blockquote data-quote="kb5iod" data-source="post: 263721" data-attributes="member: 3302"><p>My wife is a CPA and some people get so intent on reducing their tax liability that they lose sight of the big picture and hurt themselves overall. Don't spend $10 to save $5. Example: Some people buy depreciable assets that they <em>don't need</em> only to sell them a few years later for pennies on the dollar. What if you pay the tax and invest the remainder of that money that you would have spent on that new pick-up(hypothetical purchase)? How will this effect your overall financial position in the long run? The fact that you can deduct the feed is only one component of the decision. How much will it benefit/hurt(profit) you overall to buy the feed?</p></blockquote><p></p>
[QUOTE="kb5iod, post: 263721, member: 3302"] My wife is a CPA and some people get so intent on reducing their tax liability that they lose sight of the big picture and hurt themselves overall. Don't spend $10 to save $5. Example: Some people buy depreciable assets that they [i]don't need[/i] only to sell them a few years later for pennies on the dollar. What if you pay the tax and invest the remainder of that money that you would have spent on that new pick-up(hypothetical purchase)? How will this effect your overall financial position in the long run? The fact that you can deduct the feed is only one component of the decision. How much will it benefit/hurt(profit) you overall to buy the feed? [/QUOTE]
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