Word: write-offs
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...borrowed, a large tax deduction is generated. Under the 1981 law, most of the write-off can usually be taken in the first year. An investor, for example, might put up $20,000, or 20%, of a $100,000 real estate deal and borrow the rest. The law then allows claims for depreciation, tax credits and everything else associated with a $100,000 investment. Also deductible is the interest on the borrowed money. In the end, a $20,000 stake could result in write-offs of possibly $90,000. For a person in the 50% bracket, that means...
The news came as something of a surprise to Wall Street, and with good reason. The day before, the company reported 1983 losses of $1.16 billion, of which $634 million came from steel operations and the rest from a huge write-off for plant closings last year. In a meticulous...
...The write-off will be made against 1983 profits, meaning that the company's earnings will be reduced by the $5.2 billion amount. Explaining the decision to apply the full write-down in a single stroke, Brown said: "It is generally considered more comfortable to take a dog'...
An added benefit for adults, but not children, is that the cost of a computer camp can often be a tax write-off. Many camps point out in their brochures that the Internal Revenue Service regards computer instruction as a tax-deductible business expense. -By Philip Elmer-DeWitt.
There are now more than 100,000 computers in U.S. schools, compared with 52,000 only 18 months ago. This is roughly one for every 400 pupils. The richer and more progressive states do better. Minnesota leads with one computer for every 50 children and a locally produced collection of...