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Independent contractor routes that net over 1,000,000 a year
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<blockquote data-quote="dmac1" data-source="post: 1862129" data-attributes="member: 60252"><p>Wow!!!!! Do you think that when the total value of a business assets goes down, the value of the business goes up???? Cash flow is only part of the value. You seem like you don't want to even admit that the decline in value of the vehicles matters at all. Simple question- Which route is worth more- one that has a brand new truck, or one with no truck at all????</p><p></p><p></p><p>It really is that simple. And if you buy and sell a route in a one year period, unless you can prove rapid income increases in the future, you will lose money on the route if it includeda truck, or if you sell the truck as part of the business.</p><p></p><p>Some people, maybe you, think that a $5000 depreciation deduction that you take saves them $5000. That would make you wrong. That $5000 write-off saves you the TAXES owed on the $5000, or maybe $1500.</p></blockquote><p></p>
[QUOTE="dmac1, post: 1862129, member: 60252"] Wow!!!!! Do you think that when the total value of a business assets goes down, the value of the business goes up???? Cash flow is only part of the value. You seem like you don't want to even admit that the decline in value of the vehicles matters at all. Simple question- Which route is worth more- one that has a brand new truck, or one with no truck at all???? It really is that simple. And if you buy and sell a route in a one year period, unless you can prove rapid income increases in the future, you will lose money on the route if it includeda truck, or if you sell the truck as part of the business. Some people, maybe you, think that a $5000 depreciation deduction that you take saves them $5000. That would make you wrong. That $5000 write-off saves you the TAXES owed on the $5000, or maybe $1500. [/QUOTE]
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Independent contractor routes that net over 1,000,000 a year
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