Pt5PastLight t1_itfcr63 wrote
Reply to comment by Vipershark01 in LPT B4 car gig work, divide car value by its life (miles) expectancy left. Add to $MPG for your TRUE costs. by [deleted]
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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