#bonus-depreciation

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#tax-loopholes #luxury-assets #federal-revenue-loss #private-jets #tax-legislation #luxury-tax-breaks
US politics
fromFortune
3 hours ago

Life hack: Buying a private jet, yacht, or expensive car can help you save money through Trump's 'One Big Beautiful Bill' | Fortune

Expansion of bonus depreciation lets businesses deduct 100% of certain high-cost assets, boosting luxury purchases and cutting federal tax revenue by hundreds of billions.
US politics
fromTruthout
3 months ago

Provision in Trump Budget Law Subsidizes Private Jet Owners Amid Climate Crisis

Private jet owners can write off the full cost of their aircraft in the first year of purchase under new tax legislation.
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