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Old 06-09-2011, 10:45 PM
Fisher Fisher is offline
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Caleb. They depreciate the price each year. I'll have to look at an old schedule but I think the first year that depreciation is over 30%. So 20k will be depreciated to about 13k next year and then keep going down from there. Also keep in mind all city, county and state taxes are deductible I believe dollar for dollar on your federal tax return as well of course as the purchase price so in the end it is a very small amount that these taxes actually cost you.

My concern now about taxes in TN is the change in gas tax I'm hearing about on the news that will be the one to watch out for.
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