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Key:
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Joined: Sep 2003
Posts: 13,163 Likes: 196
Doing the best I can.
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Doing the best I can.
Joined: Sep 2003
Posts: 13,163 Likes: 196 |
Honest question Cowboy, did you take the 100% bonus depreciation tax write-off when you bought that truck?????? Or did you fully refuse that govt tax handout and stimulus and tell your tax guy that you didnt want it included on your tax return? There's a difference in a write off that just doesn't come out of your pocket and taking money that comes out of someone else's.
The true mark of a man is not how he conducts himself during times of prosperity, but how he conducts himself during times of adversity.
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Joined: Jan 2022
Posts: 4,221 Likes: 162
10 point
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10 point
Joined: Jan 2022
Posts: 4,221 Likes: 162 |
Honest question Cowboy, did you take the 100% bonus depreciation tax write-off when you bought that truck?????? Or did you fully refuse that govt tax handout and stimulus and tell your tax guy that you didnt want it included on your tax return? There's a difference in a write off that just doesn't come out of your pocket and taking money that comes out of someone else's. Thats how i feel about it. And when biden was king, he took back the 100% write off and you couldnt even do that! But in my opinion theres a huge difference in haveing a way to not give them your money, and taking someone else's. And as far as hand out goes theres a difference in taking it once because you meed help, and taking it every year to stay in business
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BearBranch |
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Joined: Nov 2011
Posts: 13,750 Likes: 257
Booner
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Booner
Joined: Nov 2011
Posts: 13,750 Likes: 257 |
Honest question Cowboy, did you take the 100% bonus depreciation tax write-off when you bought that truck?????? Or did you fully refuse that govt tax handout and stimulus and tell your tax guy that you didnt want it included on your tax return? There's a difference in a write off that just doesn't come out of your pocket and taking money that comes out of someone else's. No there's not. It's still, according to govt tax regs, the govts money and owed to the govt. That tax break is not really any different than when the govt decided to waste already collected or recently printed money on welfare, subsidies, war, or give it to an NGO or foreign country. The govt said, if you want to buy a new truck and give your money to, GMC in this case, we will reduce your taxable income (that you earned and do owe taxes to the govt on) and we will allow you to deduct the entire cost of that truck (at your highest marginal tax rate) from the money that you owe and are supposed to pay the govt this year. It's all money coming out of the same pot. In this case, the govt is just giving that money back to you by reducing your tax payment, instead of collecting it first and refunding it back to you. You got the money, it just did not come in the form of a check or payment. The money that you did not pay and got to keep, was the government's uncollected tax money, and by accepting the deduction and not paying that money to the govt, you accepted a govt subsidy payment. See how it works? In order for the govt to grant that tax break for buying the truck, the govt had to get that money elsewhere or make up the uncollected difference, which means they printed it or took if from monies someone else paid in. Ain't nothing free in this world. It's really all one and the same and the money is coming out of Uncle Sam's pocket either way.
Last edited by abolt300; 06/02/26 11:33 AM.
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Joined: Nov 2011
Posts: 13,750 Likes: 257
Booner
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Booner
Joined: Nov 2011
Posts: 13,750 Likes: 257 |
Honest question Cowboy, did you take the 100% bonus depreciation tax write-off when you bought that truck?????? Or did you fully refuse that govt tax handout and stimulus and tell your tax guy that you didnt want it included on your tax return? There's a difference in a write off that just doesn't come out of your pocket and taking money that comes out of someone else's. Thats how i feel about it. And when biden was king, he took back the 100% write off and you couldnt even do that! But in my opinion theres a huge difference in haveing a way to not give them your money, and taking someone else's. And as far as hand out goes theres a difference in taking it once because you meed help, and taking it every year to stay in business You are partially correct. The 100% was available for the first two years under Biden then in 23 it was reduced to 80% and in 24 dropped to 60%, then in 25 Trump took it back up to 100%.
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Joined: Jan 2022
Posts: 4,221 Likes: 162
10 point
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10 point
Joined: Jan 2022
Posts: 4,221 Likes: 162 |
Honest question Cowboy, did you take the 100% bonus depreciation tax write-off when you bought that truck?????? Or did you fully refuse that govt tax handout and stimulus and tell your tax guy that you didnt want it included on your tax return? There's a difference in a write off that just doesn't come out of your pocket and taking money that comes out of someone else's. No there's not. It's still, according to govt tax regs, the govts money and owed to the govt. That tax break is not really any different than when the govt decided to waste already collected or recently printed money on welfare, subsidies, war, or give it to an NGO or foreign country. The govt said, if you want to buy a new truck and give your money to, GMC in this case, we will reduce your taxable income (that you earned and do owe taxes to the govt on) and we will allow you to deduct the entire cost of that truck (at your highest marginal tax rate) from the money that you owe and are supposed to pay the govt this year. It's all money coming out of the same pot. In this case, the govt is just giving that money back to you by reducing your tax payment, instead of collecting it first and refunding it back to you. You got the money, it just did not come in the form of a check or payment. The money that you did not pay and got to keep, was the government's uncollected tax money, and by accepting the deduction and not paying that money to the govt, you accepted a govt subsidy payment. See how it works? In order for the govt to grant that tax break for buying the truck, the govt had to get that money elsewhere or make up the uncollected difference, which means they printed it or took if from monies someone else paid in. Ain't nothing free in this world. It's really all one and the same and the money is coming out of Uncle Sam's pocket either way. You're only correct if you assume it was their money to begin with.
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Joined: Nov 2011
Posts: 13,750 Likes: 257
Booner
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Booner
Joined: Nov 2011
Posts: 13,750 Likes: 257 |
Honest question Cowboy, did you take the 100% bonus depreciation tax write-off when you bought that truck?????? Or did you fully refuse that govt tax handout and stimulus and tell your tax guy that you didnt want it included on your tax return? There's a difference in a write off that just doesn't come out of your pocket and taking money that comes out of someone else's. No there's not. It's still, according to govt tax regs, the govts money and owed to the govt. That tax break is not really any different than when the govt decided to waste already collected or recently printed money on welfare, subsidies, war, or give it to an NGO or foreign country. The govt said, if you want to buy a new truck and give your money to, GMC in this case, we will reduce your taxable income (that you earned and do owe taxes to the govt on) and we will allow you to deduct the entire cost of that truck (at your highest marginal tax rate) from the money that you owe and are supposed to pay the govt this year. It's all money coming out of the same pot. In this case, the govt is just giving that money back to you by reducing your tax payment, instead of collecting it first and refunding it back to you. You got the money, it just did not come in the form of a check or payment. The money that you did not pay and got to keep, was the government's uncollected tax money, and by accepting the deduction and not paying that money to the govt, you accepted a govt subsidy payment. See how it works? In order for the govt to grant that tax break for buying the truck, the govt had to get that money elsewhere or make up the uncollected difference, which means they printed it or took if from monies someone else paid in. Ain't nothing free in this world. It's really all one and the same and the money is coming out of Uncle Sam's pocket either way. You're only correct if you assume it was their money to begin with. Unfortunately, according to the current laws and regulations, the govt says it is their money to begin with. Until that changes, the above, is 100% correct.
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Joined: Feb 2013
Posts: 8,618 Likes: 20
14 point
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14 point
Joined: Feb 2013
Posts: 8,618 Likes: 20 |
Honest question Cowboy, did you take the 100% bonus depreciation tax write-off when you bought that truck?????? Or did you fully refuse that govt tax handout and stimulus and tell your tax guy that you didnt want it included on your tax return? There's a difference in a write off that just doesn't come out of your pocket and taking money that comes out of someone else's. No there's not. It's still, according to govt tax regs, the govts money and owed to the govt. That tax break is not really any different than when the govt decided to waste already collected or recently printed money on welfare, subsidies, war, or give it to an NGO or foreign country. The govt said, if you want to buy a new truck and give your money to, GMC in this case, we will reduce your taxable income (that you earned and do owe taxes to the govt on) and we will allow you to deduct the entire cost of that truck (at your highest marginal tax rate) from the money that you owe and are supposed to pay the govt this year. It's all money coming out of the same pot. In this case, the govt is just giving that money back to you by reducing your tax payment, instead of collecting it first and refunding it back to you. You got the money, it just did not come in the form of a check or payment. The money that you did not pay and got to keep, was the government's uncollected tax money, and by accepting the deduction and not paying that money to the govt, you accepted a govt subsidy payment. See how it works? In order for the govt to grant that tax break for buying the truck, the govt had to get that money elsewhere or make up the uncollected difference, which means they printed it or took if from monies someone else paid in. Ain't nothing free in this world. It's really all one and the same and the money is coming out of Uncle Sam's pocket either way. Seems like a pretty significant difference to me.... 1. Instance 1, you want to pay as little as legally possible in taxes. You have a legitimate business expense, which can be used to reduce your taxable income. You believe the government is a bloated, wasteful organization, which consumes a huge amount of the GDP, and produces only a fraction of positive benefit from it. You don't want to "enable" any more of this bad behavior, than you are required to, to stay out of prison. 2. Instance 2, you operate a for profit business, while regularly being on the receiving end of the government's wasteful handouts & market manipulation. You use the tax money of others, to prop up your business and personally benefit from the handouts. But you are a "farmer", so everyone looks at it with a kind heart. I don't blame farmers for partaking. They are between a rock and a hard place, and it's awfully hard to turn down free money.... This trap has been carefully laid for years & it would collapse the sector to reverse it at this point. But I can pretty well assure you, if we flip back to some threads from the recession, very few were as kind hearted towards other sectors receiving subsidies.......... Just call a spade a spade. Most farmers are on the government tit. I'd dang sure rather see them get it over many of the other welfare programs and waste going on in this country.
Last edited by Atoler; 06/02/26 12:59 PM.
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Joined: Sep 2003
Posts: 13,163 Likes: 196
Doing the best I can.
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Doing the best I can.
Joined: Sep 2003
Posts: 13,163 Likes: 196 |
Honest question Cowboy, did you take the 100% bonus depreciation tax write-off when you bought that truck?????? Or did you fully refuse that govt tax handout and stimulus and tell your tax guy that you didnt want it included on your tax return? There's a difference in a write off that just doesn't come out of your pocket and taking money that comes out of someone else's. No there's not. It's still, according to govt tax regs, the govts money and owed to the govt. That tax break is not really any different than when the govt decided to waste already collected or recently printed money on welfare, subsidies, war, or give it to an NGO or foreign country. The govt said, if you want to buy a new truck and give your money to, GMC in this case, we will reduce your taxable income (that you earned and do owe taxes to the govt on) and we will allow you to deduct the entire cost of that truck (at your highest marginal tax rate) from the money that you owe and are supposed to pay the govt this year. It's all money coming out of the same pot. In this case, the govt is just giving that money back to you by reducing your tax payment, instead of collecting it first and refunding it back to you. You got the money, it just did not come in the form of a check or payment. The money that you did not pay and got to keep, was the government's uncollected tax money, and by accepting the deduction and not paying that money to the govt, you accepted a govt subsidy payment. See how it works? In order for the govt to grant that tax break for buying the truck, the govt had to get that money elsewhere or make up the uncollected difference, which means they printed it or took if from monies someone else paid in. Ain't nothing free in this world. It's really all one and the same and the money is coming out of Uncle Sam's pocket either way. Although I don't go along with it being "Uncle Sam's" pocket, I do see your train of thought. The only pocket Uncle Sam has is mine and yours and he shoves his hands into them way too deeply.
The true mark of a man is not how he conducts himself during times of prosperity, but how he conducts himself during times of adversity.
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Joined: Sep 2003
Posts: 13,163 Likes: 196
Doing the best I can.
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Doing the best I can.
Joined: Sep 2003
Posts: 13,163 Likes: 196 |
I had to look back to see who started this downward spiral from a "show your rig" thread into a political, tax deduction thread.
Marshmud, you should be ashamed. I call upon you to ask for forgiveness.
The true mark of a man is not how he conducts himself during times of prosperity, but how he conducts himself during times of adversity.
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Joined: Jan 2022
Posts: 4,221 Likes: 162
10 point
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10 point
Joined: Jan 2022
Posts: 4,221 Likes: 162 |
I had to look back to see who started this downward spiral from a "show your rig" thread into a political, tax deduction thread.
Marshmud, you should be ashamed. I call upon you to ask for forgiveness. Im the one who usually gets blamed for this, but if you look back, its usually not me. All i did, was get someone to post a picture of my truck. I really like my truck lol
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Joined: Sep 2003
Posts: 13,163 Likes: 196
Doing the best I can.
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Doing the best I can.
Joined: Sep 2003
Posts: 13,163 Likes: 196 |
An offering of sausage made upon an altar of charcoal should be made for atonement.
The true mark of a man is not how he conducts himself during times of prosperity, but how he conducts himself during times of adversity.
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Joined: Nov 2013
Posts: 4,194 Likes: 49
10 point
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10 point
Joined: Nov 2013
Posts: 4,194 Likes: 49 |
I’m pretty sure backwards cowboy lives rent free in a bunch of folks heads.
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Joined: Nov 2011
Posts: 13,750 Likes: 257
Booner
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Booner
Joined: Nov 2011
Posts: 13,750 Likes: 257 |
Honest question Cowboy, did you take the 100% bonus depreciation tax write-off when you bought that truck?????? Or did you fully refuse that govt tax handout and stimulus and tell your tax guy that you didnt want it included on your tax return? There's a difference in a write off that just doesn't come out of your pocket and taking money that comes out of someone else's. No there's not. It's still, according to govt tax regs, the govts money and owed to the govt. That tax break is not really any different than when the govt decided to waste already collected or recently printed money on welfare, subsidies, war, or give it to an NGO or foreign country. The govt said, if you want to buy a new truck and give your money to, GMC in this case, we will reduce your taxable income (that you earned and do owe taxes to the govt on) and we will allow you to deduct the entire cost of that truck (at your highest marginal tax rate) from the money that you owe and are supposed to pay the govt this year. It's all money coming out of the same pot. In this case, the govt is just giving that money back to you by reducing your tax payment, instead of collecting it first and refunding it back to you. You got the money, it just did not come in the form of a check or payment. The money that you did not pay and got to keep, was the government's uncollected tax money, and by accepting the deduction and not paying that money to the govt, you accepted a govt subsidy payment. See how it works? In order for the govt to grant that tax break for buying the truck, the govt had to get that money elsewhere or make up the uncollected difference, which means they printed it or took if from monies someone else paid in. Ain't nothing free in this world. It's really all one and the same and the money is coming out of Uncle Sam's pocket either way. Although I don't go along with it being "Uncle Sam's" pocket, I do see your train of thought. The only pocket Uncle Sam has is mine and yours and he shoves his hands into them way too deeply. We agree 100% + on that !!!!
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Joined: Nov 2011
Posts: 13,750 Likes: 257
Booner
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Booner
Joined: Nov 2011
Posts: 13,750 Likes: 257 |
I had to look back to see who started this downward spiral from a "show your rig" thread into a political, tax deduction thread.
Marshmud, you should be ashamed. I call upon you to ask for forgiveness. Im the one who usually gets blamed for this, but if you look back, its usually not me. All i did, was get someone to post a picture of my truck. I really like my truck lol You should, it's a really nice truck.
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Joined: Mar 2012
Posts: 5,231 Likes: 45
12 point
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12 point
Joined: Mar 2012
Posts: 5,231 Likes: 45 |
Dammit, some of y'all need to get a hobby or get laid.
Or both.
I ain't fightin nobody that swings around in trees with a running chainsaw like Tarzan. - FurFlyin
Oh I just thought u were a dumba$$ 🤣 my apologies… - jb20
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1 member likes this:
odocoileus |
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Joined: Jan 2013
Posts: 701 Likes: 9
4 point
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4 point
Joined: Jan 2013
Posts: 701 Likes: 9 |
You damn Right Okatuppa - damn can't we just ALL get along - how about You do You and I'll do me !! Until the Schitt hits the Fan and then I will rely on my - Brothers / Sisters who Bleed the Red , White and Blue thru their Veins !! I mean Damn - WE are ALL Americans - Damn Illegals stick together and so do the Libs !!
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Joined: Dec 2009
Posts: 11,195 Likes: 138
Booner
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Booner
Joined: Dec 2009
Posts: 11,195 Likes: 138 |
I did start it because I wasn’t sure if it really was his truck or, I know it’s hard to believe, someone was just goofing around. It’s a dang fine truck and I’m glad he’s able to ride around in a nice truck. I’m also glad that most farmers can ride around in a nice truck also. My truck is old but in my small brain I also ride around in a nice truck. I actually have a better truck now than when I was farming. I refused to by a nice truck because rice farming is hard on a truck. The whole thing on my part is a farmers truck is a tool just like his tractors. However the truck gets used year round on the farm unlike most tractors on a farm where they are used seasonal. So the truck depreciates really fast and after a few years they have no tax value left to them. I’m more concerned about the farmers who pay more in technology fees per year than a what the truck notes are. And when it doesn’t work they’re dead in the water. I would like to know how many actual farmers are on this sight and actually receive government handouts. I know when I was farming we’d get a very small deficiency payment every so often but it didn’t amount to a tank of diesel fuel. Most years when things are “normal”, farmers do ok but not when most of the inputs are more than the price of the crops. I’m not defending farmers getting assistance. I was just wondering what a farmer is driving had to do with him getting assistance. I’d understand if he took the assistance payment and bought a new truck with it. I’d also be pissed. I don’t know any farmers who used assistance payments to buy a new truck. How many of yall know of a farmer that received the assistance payments and actually used it to buy a ew truck?
Last edited by marshmud991; 06/02/26 06:23 PM.
It's hard to kiss the lips at night that chews your a$$ all day long.
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Joined: Nov 2010
Posts: 25,782 Likes: 66
Freak of Nature
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Freak of Nature
Joined: Nov 2010
Posts: 25,782 Likes: 66 |
I had to look back to see who started this downward spiral from a "show your rig" thread into a political, tax deduction thread.
Marshmud, you should be ashamed. I call upon you to ask for forgiveness. Im the one who usually gets blamed for this, but if you look back, its usually not me. All i did, was get someone to post a picture of my truck. I really like my truck lol Damn fine truck and I’m saying this Tim Allen Tim the tool man testosterone voice. lol I miss my dually.
Proud Army and ALNG veteran
God Bless America!
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Joined: Dec 2009
Posts: 11,195 Likes: 138
Booner
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Booner
Joined: Dec 2009
Posts: 11,195 Likes: 138 |
I had to look back to see who started this downward spiral from a "show your rig" thread into a political, tax deduction thread.
Marshmud, you should be ashamed. I call upon you to ask for forgiveness. I guess I can ask for forgiveness. I guess I could have left in the poor farmer’s thread. And I’m pretty sure it won’t be the last time I ask for someone to explain their thoughts behind their posts. And just far the record, our sausage is not real bad cooked over a bed of good hardwood charcoal. Make a mean poboy.
It's hard to kiss the lips at night that chews your a$$ all day long.
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Joined: Sep 2003
Posts: 13,163 Likes: 196
Doing the best I can.
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Doing the best I can.
Joined: Sep 2003
Posts: 13,163 Likes: 196 |
I had to look back to see who started this downward spiral from a "show your rig" thread into a political, tax deduction thread.
Marshmud, you should be ashamed. I call upon you to ask for forgiveness. I guess I can ask for forgiveness. I guess I could have left in the poor farmer’s thread. And I’m pretty sure it won’t be the last time I ask for someone to explain their thoughts behind their posts. And just far the record, our sausage is not real bad cooked over a bed of good hardwood charcoal. Make a mean poboy. I'm sure it's absolutely amazing cooked that way. That's why I suggested it.  You know I'm just messing with you. 
The true mark of a man is not how he conducts himself during times of prosperity, but how he conducts himself during times of adversity.
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