TM
 
 Financial Calculators, Agronomy Wizards and other Interactive Web Services  Print Page
 Tax Reduction Calculators Instructions
   Jobs and Growth Tax Relief and Reconciliation Act Calculator    
           
The American Jobs Creation Act Calculator
 
 
Your Farm    
    Cost or Adjusted Basis of Qualifying Asset
    Depreciation Life of the Asset
    Depreciation Method
    Your Marginal Federal Income Tax Bracket
     
 
 
Section 179 Expenses    
    Amount qualifying under Section 179 $100,000  
    Amount over the Section 179 Limit $50,000  
     
Depreciation for Tax Year 2006    
    Section 179 Expensing $100,000  
    Additional First Year Bonus 50% Depreciation $25,000  
    Standard 7 Year Depreciation $2,679  
    Total First Year Depreciation $127,679  
     
Potential Tax Reduction based on 33% Tax Bracket      $42,134  
     
Schedule of depreciation by years    
2008   $127,679  
2009   $4,783  
2010   $3,758  
2011   $3,062  
2012   $3,062  
2013   $3,062  
2014   $3,062  
2015   $1,531  
   
       
 
Additional information from John Deere Farm Machinery  
   
   
     

Copyright 2008 ProfitableFarming.com Corporation. All use subject to Terms of Use Agreement and Privacy Policy.