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11-02-2012, 05:49 PM
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#12
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Chemofski
Drives: '13 ZCP M3 Coupe
Join Date: Feb 2008
Location: West Coast, U.S.
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Quote:
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Originally Posted by Spaceman Spiff
Quote:
Originally Posted by bbkg79
No need to, tax write-off.
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It's deducted from taxable income not taxes due so it's still costing them $650K-$700K, assuming they pay U.S. tax of 30-35% and not German 15% tax.
Still, only $1MM? |
Closer to 40% but yes.
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