Nissan 370Z Forum - View Single Post

perfectnobody · 11-24-2009, 08:19 AM

so after reading this article to try and understand this better... how does this push you up into another tax bracket, i thought it would push you down,

for example (based on article) lets say your total income for the year is $78,000 putting you in the 25% bracket and you get a tax deductible of $3,000 for buying a Z, wouldn't that make your total taxable income $75,000? or is it the other way round with the $3,000 increasing your total taxable income to $81,000 pushing you into the 28% bracket (don't know why it would, maybe someone can clarify)

thanks!

11-24-2009, 08:19 AM	#26 (permalink)
perfectnobody Base Member Join Date: Oct 2009 Location: jersey Posts: 36 Drives: Red 370z b w/st 2009 Rep Power: 16	so after reading this article to try and understand this better... how does this push you up into another tax bracket, i thought it would push you down, for example (based on article) lets say your total income for the year is $78,000 putting you in the 25% bracket and you get a tax deductible of $3,000 for buying a Z, wouldn't that make your total taxable income $75,000? or is it the other way round with the $3,000 increasing your total taxable income to $81,000 pushing you into the 28% bracket (don't know why it would, maybe someone can clarify) thanks!