PPRuNe Forums - View Single Post - AirMed PA-31 VH-HJE down south of Archerfield
Old 8th Apr 2023, 02:23
  #62 (permalink)  
deja vu
 
Join Date: May 2019
Location: Aust
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[QUOTE=Global Aviator;11416312]This is oh so true. It is all about the $, the gubmint may say they are looking at xyz yet…


There are replacements but they are $$$$$. Before my time but in the 70’s didn’t the gubmint bring in a huge tax incentive to buy new? Time to do it again? The US of A has had a huge tax deal on buying assets, well it was the Trump regime, not sure if Gramps has repealed it yet.

Yes there were tax incentives here back in the late 70's and 80's known as an "investment allowance". These were attractive to those who had big tax liabilities in another area to buy new equipment and offset the costs against those liabilities. As an example I once worked for an outfit whose directors bought 3 brand new MU2s and offset the costs against their Moree cotton farms profits, win win for everybody. Off course when the allowance timed out back to the US they went. It also applied to lots of other industries too, like farming, fishing etc. etc.
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