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Tax Savings Calculator
Enter an amount for Equipment Cost and click "Calculate."
MouseOver items on the left for explanations.
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Copyright©
2005, Jaffe Finance Company, LLC. All Rights Reserved. |
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Site
Design: Effective Technologies |
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| Total cost of the equipment you would like to lease. |
| The maximum Section 179 deduction for property placed in service
in 2005 is $105,000. This limit is reduced by the amount by which
the cost of Section 179 property placed in service in 2005 exceeds
$420,000. |
| Amount of depreciation that can be claimed for the asset during
the first year of service (20%). Calculated under IRS MACRS, 5 year
life, 200% declining balance. |
| Total depreciation you may claim in first year of service (includes
Section 179 deduction). |
| Tax savings are calculated at a 40% marginal rate for the aggregate
of federal, state and local taxes. |
| Depreciation remaining for following four years. |
| Bottom line cost of equipment in the first year after all tax
savings are taken into consideration. |
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