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Everyone says leasing saves money. How much in taxes do I save?

April 26, 2017leasing money saves taxes

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Everyone says leasing saves money. How much in taxes do I save?

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In general, a true lease saves the lessee about 40% in taxes. This means a payment of $1,000.00 per month has an after tax cost of $600.00. This assumes 34% federal tax and 6% state tax. See Example.