We are so sorry Gen we never meant to beat and bbq your horse. On the Brite side he was very tasty. So this thread is for you bro please make all.donations. payable to jacks steed fund a general needs a horse. And we are out of horses as they have all.been beaten and cooked

Rabbit...

Being that General Jack is one of my best friends in Dogfight....I gave all of my Dogfight money earned in game....all 5,000,000 to get him a race horse..

So Rabbit its one step back for 15 steps forward for General Jack.....heres the picture of the horse

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Jack has some work to do to break him in and get the saddle....but by golly Jack is livin "high off the ho....sorry horse")

I will donate one million of my useless and phony coins to this wonderful cause. Can I use this as a tax deduction?

It depends on which depreciation method you desire with regard to the asset (race horse) you are purchasing for Jack...

You want one that has the most depreciation or is the highest value for the greatest tax deduction

Straight line, declining balance or sum of years digits....

1) Straight line: You are definatly not a "straight shooter" because I see you bop and weave in game all the time which isnt straight shooting so the value under straight line is low...

2) declining balance: being that you are an old self proclaimed by you and being part of the MOM's lol....this value is high...Very high so the amount of depreciation taking is high for the greatest tax deduction.....I strongly recommend this depreciation method

3) sum of years digits: with the declining use of some of your digits (fingers and toes) then the value under sum of all your digits is low....so I dont recommend this depreciation method....for the same reasons I recommend declining balance...

Since the purchase of a horse is property, therefore double declining balance is required...doubling #2 from above

so for race horses its 3 years (Jack....sorry useful life of race horse is 3 years...ouch!!!)

so here goes $1000000 Double Depreciation with mid year convention:

year 1 Depreciation (33%) or $333,333 with Book Value year end $666,667

year 2 Depreciation (66.67%) or $444,444 with Book Value year end $222,222

year 3 Depreciation (66.67%) or $148,148 with Book Value year end $74,074

Remaining Depreciation (33.33%) or $24,691 with Book Value year end $49,383



So you can claim $333,333 by tax time...Remember US taxes are due April 15th...so hurry up my friend....

Your US Dogfight Tax refund is going to be high if you follow these calculations REAL high...

Davy I hope your not jealous of my additional US Dogfight Tax refund of an additional $1,333,332 to your $333,333...since I bought $5 million...

hope you appreciate this US Dogfight Tax advice from the Swop.,..Just trying to help my good friend



The price ended up being higher for Jack's new horse than the $5 million I thought....man those horse traders rip you off. ...final price tag ended up $6 million....thanks Davy....

(just kidding...and being silly)