The way he said it made it sound was rather than pay taxes he bought new equipment so he didn't have to. He said he bought a new truck, trailer, and paving equipment, which doesn't exactly mesh with his excavation business.
I'm just curious how that works numbers wise, generally speaking. When would you want to do that, how do you do it, and are there any cons to doing that?
Is it a case where he brings in $100k but his expenses were only $70k, so he spends $30k on equipment? Or spends a portion of that $30k to get below a certain threshold for some reason?
Submitted August 07, 2017 at 08:08AM by HughJafro http://ift.tt/2flV3Ty
