Vipershark01 t1_ite1oib wrote
1099 workers get a lot of that depreciation back on taxes, probably not actually good for a 50k car, but for something under 20k it's pretty good.
Pt5PastLight t1_itfcr63 wrote
Well for every dollar value you depreciate, you get back a fraction of a dollar equal to your tax bracket percentage. But yes if you lose 10k in depreciation you’ll get back say 20% or $2k and actually lose $8k in vehicle cost. You’re a real cup is 1/5 full kind of optimist huh?
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