Is there real value in buying a piece of equipment for a tax deduction?

There may have been an economic climate where financing made sense with low rates or even zero rates. But we are not in that climate now.

We now have 60 year old companies threatening to shut down when obamacare is implemented. We have banks that extend and pull credit on a whim. That may not mean much to you, but some of your customers may rely on that credit to remain operational.

It is much too easy to take what is available now, go out and get that $15k warehouse cleaning job and pay cash for your truck than it is to rely on what might be here tomorrow.

In the Bible one of God's promised blessings to the Israelites was that if they obeyed him they would not have to borrow from anyone and their neighbors would have to borrow from them. The curse if they didn't obey would be that they would have to borrow from lenders who would become their masters.

Now if God considered borrowing a curse yet the IRS tries to pass it off as a blessing, I think I would rather trust God that it is, in fact, a curse. No matter how anyone tries to spin it or justify it.

I have been in that curse. It's a lot better to wake up knowing that the tools I use for work belong to me.

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