Advanced Corporate Income Tax
Category: Business and Money > Accounting
Asked by: sljames822-ga
List Price: $3.00
28 Sep 2005 07:29 PDT
Expires: 28 Oct 2005 07:29 PDT
Question ID: 573699
What is the tax savings from an additional $100,000 deduction if a taxable corporation faces a flat 35% marginal tax rate?
Re: Advanced Corporate Income Tax
Answered By: omnivorous-ga on 28 Sep 2005 07:53 PDT
Sljames822 -- The tax savings from additional deductions (typically changes in depreciation rules) are the deduction * marginal tax rate or $35,000 here. Here's an example of it being demonstrated for agricultural equipment: Utah State University "Agricultural Tax Issues" (Ward, 2005) extension.usu.edu/files/publications/multiyear.pdf Google search strategy: "tax savings" "additional depreciation" "marginal tax" Best regards, Omnivorous-GA
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