***FOR COMPLETE DESCRIPTION OF MY *OILWELLS PRODUCTION PROJECT*…
###***OPEN THE NEWS TAB…
*** WHY INVEST IN Oil and Gas USA? ***
100% TAX Deductible:
Drilling is the very best tax advantaged investment(Newsweek). Congress gives tax breaks to individual investors that arenot available to large companies. 100% tax deductible … 65 to 80% can be written off infirst year. Up to 100% tax-free income.
Example: If you are in the 35% tax bracket and you invested 70k and you write off 80% the first year.
$70,000.00 X 80% X 35% = $19,600.00
You save $19,600.00 dollars, which allows you take those dead dollars and put them to work for you. Normally that $19.6k would go to Uncle Sam.
The other 20% gets amortized over the next 5-7 years giving you 100% tax write off inevitably for a total savings of $24,500.00.
Oil and Gas was last modified: April 2nd, 2017 by admin1