Take advantage of the new tax credit laws on new Kluge equipment purchases beginning in the year 2003. The income tax savings should be considered when calculating the return on investment from the purchase of new equipment. Actual benefits will vary depending on cost of equipment and the effective income tax rates for each buyer.
You should consult your income tax advisor to determine the actual income tax benefits available to you.
Below are examples of how the Tax Savings are calculated (sample figures are shown for all fields):
Example 1 – An equipment purchase of less than $100,000:
Initial Purchase Price: $60,000
Income Tax Rate: 40%
First Year Savings: $24,000
New Effective Price: $36,000
RECEIVE ADDITONAL TAX CREDIT WHEN YOU SPEND OVER $100,000
Example 2 – An equipment purchase of more than $100,000:
Initial Purchase Price: $120,000
Income Tax Rate: 40%
For further information You should consult your income tax advisor to determine the actual income tax benefits available to you.