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Cattle Boards
Grasses, Pastures & Hay
It is better to buy hay?
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<blockquote data-quote="Caustic Burno" data-source="post: 1025781" data-attributes="member: 694"><p>I hate to tell you buy a 20,000 dollar hay baler you save maybe 3000 dollar's in taxes if you take the deduction in one year. Buying to depreciate is a game you can't win you were still out 17 grand.</p><p>Great deal if you need a new piece of equipment a true loser on your bank account if you think you are winning against the IRS . That 30,000 dollar's is deducted from your gross income that you pay taxes on if you depreciate it over five year's you reduced your gross income by 4000 dollar's a year. You saved pennies.</p></blockquote><p></p>
[QUOTE="Caustic Burno, post: 1025781, member: 694"] I hate to tell you buy a 20,000 dollar hay baler you save maybe 3000 dollar's in taxes if you take the deduction in one year. Buying to depreciate is a game you can't win you were still out 17 grand. Great deal if you need a new piece of equipment a true loser on your bank account if you think you are winning against the IRS . That 30,000 dollar's is deducted from your gross income that you pay taxes on if you depreciate it over five year's you reduced your gross income by 4000 dollar's a year. You saved pennies. [/QUOTE]
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It is better to buy hay?
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