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Because in the US, a tractor is considered an tool, and thus the farmers/farms get a 100% write off of the entire purchase price.
by Trisell 12y ago
Because in the US, a tractor is considered an tool, and thus the farmers/farms get a 100% write off of the entire purchase price.
- WalterBright 12y agoA tax credit is not the same thing as a deduction (write off). A credit goes dollar-for-dollar against taxes owed. A deduction reduces the amount to which the tax percentage is applied.