tax incentives - 2006

Tax incentives for purchasing fabricating machinery

First years tax savings could exceed first years machine payments!

Equipment leases that include a $1.00 purchase option qualify for the federal Section 179 deduction and regular depreciation.

Companies may also be eligible for additional state and local tax deductions plus interest deductions.

Companies purchasing equipment now could see their tax savings cover their first year's payments!

$108,000 Write Off

Section 179 Federal Income Tax Deduction: This deduction allows a company to deduct the first $108,000 of equipment (Section 179 Property) purchased in 2006 from their taxable income.

STANDARD Depreciation

Additionally, companies can take their standard depreciation deductions on the adjusted basis of qualified equipment. Machine tools and fabricating equipment are typically depreciated over 7 years.

PURCHASE EXAMPLE - Ocean Clipper CNC Angle Line you can write off the entire purchase in year one!
Purchase Price Ocean CLIPPER, including Freight - approx.	$ 105,000	A manufacturing company acquires a new Ocean CLIPPER CNC Angle Line for $105,000 and is eligible for the $108,000 federal section 179 write-off plus a standard depreciation. Under the current law, the company may write off the entire machine in year one which will save the owner approximately $31,000 in real terms
Section 179 Deduction	$ 108,000
Standard Depreciation 14,29%	$ N/A
TOTAL FIRST YEAR WRITE OFF	$105,000
Net Savings to Owner (assuming 30% income tax level)	$ 31,500
Depending on your tax bracket, these savings could exceed the first year's lease payments. $1 Buy-Out Leases Qualify! Companies may also be eligible for additional state and local tax deductions plus interest deductions. Standard depreciation may vary depending on time of year. These calculations are estimates only & everyone's tax situation is different. Please consult your accountant to verify your own situation. As you can see, there has never been a better time to buy machinery, and the range of products offered by Ocean Machinery will not only improve your profitability but will also qualify you for significant tax advantages Call us today to hear about other small and medium fabricators, just like you, who have completely changed the way they work. Ocean Machinery can arrange very competitive financing with 24 hour lease approval. Call NOW to Purchase your Steel Fabricating Machinery. Call 1 800 286 3624 or (954) 956 3131

The Ocean Clipper CNC Angle Line is a product of Ocean Machinery Inc - Your One Stop Source for Steel Fabricating Machinery

Address 6720 NW 15th Way, Fort Lauderdale FL 33309 USA

Tel (800) 286 3624 (954) 956 3131 Fax (954) 956 3199

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tax incentives - 2006

Tax incentives for purchasing fabricating machinery

First years tax savings could exceed first years machine payments!

$108,000 Write Off

STANDARD Depreciation

PURCHASE EXAMPLE - Ocean Clipper CNC Angle Line

you can write off the entire purchase in year one!