Can't see the forest for the trees... Why is the tax law so
convoluted at the start? It's like setting someone up to fail.

Since this accounting stuff is so clear to you, please explain to us
all the compliance costs, per year, of all regulation on US businesses.
This includes the legal representation, accounting departments, OSHA,
ADA, Social Security, Unemployment, Medicare, environmental, EEO, and
the myriad other little love taps from Federal and State governments.

One tax, one time. What a revolutionary proposal.

Tony wrote:
A capital asset , even real estate that can appreciates in value, is
depreciated on the books for tax purposes. Therefore the corporation is
getting the tax write off each year until the asset is fully
depreciated. When the asset is sold off in the future, capital gains is
owed on the final value. Think of it as paying back the tax writeoffs
the corporation collected earlier.

Now that the accounting lesson is over, perhaps you can explain how
capital gains tax increases the cost for Starrett to manufacture its
products???? Or are you just parroting Rush Limbaugh and Sean Hannity???


"Doug Miller" wrote in message
. ..
In article , "Tony"
wrote:

"Doug Miller" wrote in message
t...
In article , "Tony"
wrote:
You only pay capital gains tax when you sell an asset that has been
depreciated.

APpreciated...

Doug,

The book value of capital assets is DEpreciated on a corporate tax
return,
based on the established depreciation rates for various assets,
according to
GAAP (Generally Accepted Accounting Principles)

Yes, I know that.

Now show me what that has to do with capital gains taxes.

Capital gains tax is owed when an asset is sold for more than its
purchase
price. That's APpreciation.

--
Regards,
Doug Miller (alphageek at milmac dot com)

It's time to throw all their damned tea in the harbor again.