Sunday, Aug 2, 2015
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Bill Introduced to Make Bonus Depreciation Permanent

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CoolEdge - Man killed Montana good Samaritans because daughter \'laughed\' at him, say cops - Quincy, IL News -
Seems it is just being pointed out now, that what they used to call just some "man", is now being recognized as Mexican or Central American. They have deliberately hidden the costs of both legal and illegal immigration. Coulter has been pointing this out, and it is probably why Trump got so much attention. Their cartels run the border towns of Mexico, and much is pouring over here.
Polling…
WarCry - QPD Blotter for July 30, 2015 - Quincy, IL News - QuincyJournal.com
Shocking how many people don't seem to understand the concept of sarcasm.
CoolEdge - Man killed Montana good Samaritans because daughter \'laughed\' at him, say cops - Quincy, IL News -
Many people just read the headlines. That's why I said "Up Front". The more significant point is not that this was a Native American family, but that he is another Mexican we brought in to work while we have high unemployment (and record low labor participation rate). Despite many being good people, many have no respect for our laws. We need to push some of the welfare people into these green…
Snarky_2 - Man jumps off Bayview Bridge - Quincy, IL News - QuincyJournal.com
In fact they have listed the names of the young people in the obituary section of the paper, they just don't put heroine or shotgun, or rope as the cause of death or list it specifically as a suicide... Word of mouth and social media is how we know who what when where and why... old people have killed themselves forever, we just don't list the cause of death out of deference to the family.
QuincyGuy - Man killed Montana good Samaritans because daughter \'laughed\' at him, say cops - Quincy, IL News -
Let's ask President Trump what he would do. Is it just me or are there more Mexicans involved in killings now than there were? Yes, I know there are more pouring out of the ant hill south of our border, but it seems that we are getting more and more of their scum.

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Will Congress fix depreciation?

1 year, 3 months ago from DTN AgDay

Anticipate that most of the items in the "tax extender" package will be renewed

QUESTION

What do you think the chances are for Congress to extend the 50% bonus depreciation another year? I am trying to make a decision on constructing a $100,000 machine shed. I am going to have a high-income year from liquidating a cow-calf herd, and the $50,000 deduction would be helpful. I need to move now on the machine shed decision and cannot wait for Congress on this for many more months. Or should I forego the needed shed to purchase other machinery that would be eligible to use against the Section 179 expected increase?

ANSWER

Your question is the classic illustration of how congressional inaction can paralyze business decisions. We are one-third of the way through 2014, and we still do not know what the depreciation rules are for this year's asset acquisitions!

We anticipate that most of the items in the "tax extender" package will be renewed. But these first-year depreciation deductions are less certain because they represent temporary incentives that Congress was using to spur a recessionary economy. Our expectation coming into 2014 was that Congress would finally let the 50% bonus expire, and scale back the first year Section 179 deduction to its pre-recession level. With inflation indexing, that would bring the Section 179 deduction to about $145,000. If this is the outcome in the tax legislation, there would be no 50% bonus for your new shed, and as a general-purpose building it is ineligible for Section 179. Your depreciation would be spread over a 20-year recovery period.

However, the Senate Finance Committee recently moved forward on renewing the 50% bonus for new assets for 2014 and the continuation of the $500,000 Section 179 deduction. But it's early in the process; this legislation hasn't yet moved to full Senate passage. And of course it also needs to pass the House, where spending concerns and the size of the deficit are occasionally acknowledged. So, long story short, it is probably a toss-up as to whether the 50% bonus gets renewed. I would be more optimistic about a larger Section 179 amount, as that deduction is only available to smaller businesses and does not have the budgetary cost of the 50% bonus deduction.

And finally, a business thought. Your question described the machine shed as a needed improvement. If so, you should put that improvement ahead of machinery acquisitions that might be more driven by their depreciation benefit. In the big picture, this is only about the timing of the deductions. You should really focus primarily on what is most important for the efficiency and growth of your business, with the taxes as a secondary aspect.


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