Posted by oldtanker on November 17, 2016 at 15:13:10 from (66.228.255.59):
In Reply to: OT: CPA's posted by Gary H. on November 17, 2016 at 09:48:28:
Quoting Removed, click Modern View to see
I think what he was referring to is that once it's all said and done, depending on income levels, it's not a 1 for 1 deduction, rather a percentage. IF you are in the 15% tax bracket and those deductions knocked that down from 20% you save 5% of each dollar spent. So a guy running a small business that buys 500 worth of office supplies a year may not save any money with the extra accounting and such.
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