Politics

Out of context: Reply #14251

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    Tax cut plan passes

    http://www.bloomberg.com/news/20…

    "The tax-cut plan extends through 2012 all Bush-era tax reductions on income, capital gains and dividends. It continues expanded unemployment insurance benefits through 2011, cuts payroll taxes by 2 percentage points during 2011 and lets businesses write off 100 percent of capital investments between Sept. 9, 2010, and Dec. 31, 2011."

    That's interesting, I didn't know about the 100% write off. So as a freelancer, does that mean you can deduct the full value of a new Macbook from your taxes?:)

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    • you can if you have a clever attorney
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    • accountantBattleAxe
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