Facts
| The Legend 72 HUV is the most flexible wide format UV curable printer on the market. Built for heavy duty print shop use, the Legend 72 HUV is equipped for both flatbed and roll feed printing, making it perfect for sign and banner shops that need the ability to print on rigid media as well as cloth, paper and vinyl. |
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New Tax Legislation
Can Help You Sell More in 2008
H.R. 5140 –
The Economic Stimulus Act of 2008 Spurs Business Investment
A temporary change to the tax code that became effective February 13, 2008, makes it extremely beneficial for businesses to acquire capital equipment - machinery, computers, and other tangible goods, this year. The new legislation provides the following incentives:
Bonus Depreciation – Businesses investing in qualifying equipment can deduct an additional 50% of the cost of their asset in 2008 Businesses usually prefer to deduct the cost of equipment in a single tax year, rather than deducting a small amount over a number of years. Increased Expensing - Businesses placing less than $800,000 of equipment into service this year can immediately
deduct up to $250,000 (up from $128,000) The new tax incentive plan for 2008 increases the threshold for capital spending from $510,000 to $800,000, which gives businesses a greater capacity for investment. Businesses that spend less than $800,000 in 2008 on equipment or property can now write off up to $250,000 (up from $128,000). The $250,000 deduction begins to phase out when businesses purchase more than $800,000 in 2008.
What Does This Mean to Your Customers?
Non-tax/capital leases, including $1 Buyout or Purchase Upon Termination (PUT) leases, give your customer the benefits of ownership, which include the ability to take advantage of H.R. 5140 for qualified equipment. The actual cost of equipment,
when tax savings are taken into consideration, is extremely attractive. Take a look:
Example: Financed equipment that is put in use in 2008. Under the economic stimulus act, assuming a 35% tax bracket, net
savings on the equipment would be:
Equipment cost: $350,000 1st Year Write Off: $250,000 ($250,000 is maximum write-off)
2008 50% Bonus Depreciation $50,000
Normal 1st Year MACRS Depreciation: $10,000
($350,000-$250,000 - $50,000 = $50,000 / 5 = $10,000)*
*Depreciation calculated at 5 years
Total 1st Year Tax Deduction: $310,000
($250,000 + $50,000 + $10,000 = $310,000)
Tax Savings Assuming Rate of 35% $108,500
($310,000 x .35 = $108,500)
1st Year Cost of Equipment After Tax Savings $241,500
($350,000 - $108,500)
Do the Numbers and Discover the Benefits with this Tax Calculator Please contact your tax advisor to determine the specific impact to your business. The tax savings examples above are for
discussion purposes only and do not constitute tax or legal advice. For more information or updates on the tax code, please
visit www.irs.gov or contact the IRS helpline at: 800-829-4933.
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Built to last, and backed with a 12-month written warranty, the Legend 72HUV from Digital Equipment Company gives you the flexibility, speed, color, and performance you can count on, job after job. With true hybrid printing capabilities, the Legend is the first heavy-duty, industrial-grade UV-curable printer available for under $80,000.