[HUG ] Re: On the subject of equipement cost
- From: steve.graff@xxxxxxxxxxx
- To: hasselblad@xxxxxxxxxxxxx
- Date: Wed, 15 Oct 2008 15:22:03 -0500 (CDT)
Then again, if one trades photographs or the exclusive advertizing use of photographs for goods and services, one would not have to pay any taxes!
Steve
Oct 15, 2008 08:14:39 PM, hasselblad@xxxxxxxxxxxxx wrote:
Hi,
I wouldn't call it tax paradise but Revenue Canada calls them part time
businesses (not hobbies) and any expenses that are incured business
activities are tax deductible. Losses are tax deductible from other income.
In Canada a person must declare income (and losses) from all sources on
his/her personal tax form.
Franc
----- Original Message -----
From: "Tom Just Olsen"
To:
Sent: Wednesday, October 15, 2008 10:55 AM
Subject: [HUG ] SV: Re: On the subject of equipement cost
>
>> My understanding is that you can
>> write off Hobby expenses against and to the extent of Hobby earnings, not
>> against other income.
>
> You must be living in a tax paradise.
>> Leica will drop out first, Nikon will never enter the business, and
>> Hasselblad will maintain their company by being the last.. My
>> predictions..
>
> With the current credit crunch all the companies you mention are in deep
> trouble. Could be that only Nikon survives. Taken off the stock market
> and under new ownership.
>
> Tom of Oslo
>>
>>
>>
>>
>>
>>
>>
>> Frank Filippone
>>
>> red735i@xxxxxxxxxxxxx
>>
>>
>>
>> From: hasselblad-bounce@xxxxxxxxxxxxx
>> [mailto:hasselblad-bounce@xxxxxxxxxxxxx] On Behalf Of Franc Flipsen
>> Sent: Saturday, October 11, 2008 10:16 PM
>> To: hasselblad@xxxxxxxxxxxxx
>> Subject: [HUG ] Re: On the subject of equipement cost
>>
>>
>>
>> Frank,
>>
>>
>>
>> The point I was making was that 3-5K for the serious amatuer or a low end
>> pro was the norm. $39K blads aren't selling like hotcakes but alot of
>> guys
>> are looking at the new hasselblad pricing stratagy, with a price drop of
>> 25-40% on the complete line alot of people are very interested. Mind you,
>> you loose the gold plated trade-up program but this means that there will
>> be
>> a whole lot more used H gear on the market. the new pricing will bring
>> the
>> H3DII-22Mp kit in at around $12K, the 31Mp kit at $18K and the 39Mp kit
>> at
>> about $26K. My dealer tells me that he has orders for the S2 already and
>> serveral people are waiting to see the product, it's supposed to hit the
>> shelfs right after Christmas.
>>
>>
>>
>> BTW every person who sells a picture can write off the equipment against
>> there day job. As long as you remain a sole -proprietor in your
>> photography
>> business any losses can be deducted from your total income. I have
>> friends
>> that make $70K in their day jobs and shoot a couple of weddings a year,
>> have
>> alot fancier gear than I do and write it all off against their day job
>> income.
>>
>>
>>
>> Franc
>>
>>
>>
>> ----- Original Message -----
>>
>> From: Frank Filippone
>>
>> To: hasselblad@xxxxxxxxxxxxx
>>
>> Sent: Saturday, October 11, 2008 8:56 PM
>>
>> Subject: [HUG ] Re: On the subject of equipement cost
>>
>>
>>
>> I think this got disconnected. I was referring to the Leica S2 or the
>> Hasselblad H-whatever for $39K.
>>
>>
>>
>> Tell me he is selling 30 $39K Hasselblads a week, and I will be proven
>> wrong...
>>
>>
>>
>> Frank Filippone
>>
>> red735i@xxxxxxxxxxxxx
>>
>>
>>
>> From: hasselblad-bounce@xxxxxxxxxxxxx
>> [mailto:hasselblad-bounce@xxxxxxxxxxxxx] On Behalf Of Franc Flipsen
>> Sent: Saturday, October 11, 2008 1:52 PM
>> To: hasselblad@xxxxxxxxxxxxx
>> Subject: [HUG ] Re: On the subject of equipement cost
>>
>>
>>
>> Frank,
>>
>>
>>
>> I don't think it matters where you are in the world. Here in Edmonton,
>> AB
>> Canada (pop. 1M in Metro) my dealer sold his first shipment of 30 D3's in
>> 4
>> days and sold 50 D700 in a week. He still is selling D3's at 4-5 a week
>> and
>> a dozen D700's every week, and mostly to amatuers/Semi pros. He tells me
>> the D700 is very popular with the students, They'll do without for a few
>> months just to own one.
>>
>>
>>
>> Franc
>>
>>
>>
>>
>>
>> ----- Original Message -----
>>
>> From: Frank Filippone
>>
>> To: hasselblad@xxxxxxxxxxxxx
>>
>> Sent: Saturday, October 11, 2008 10:01 AM
>>
>> Subject: [HUG ] Re: On the subject of equipement cost
>>
>>
>>
>> Jim, to be fair, you do live in the Techno-center of the world. I think
>> that if I heard this from someone in Des Moines Iowa, it would have more
>> impact as a universal market.
>>
>>
>>
>> And, OTOH, I could be wrong about who is buying these things.. it could
>> be
>> Joe Six-Pack..
>>
>>
>>
>> Imagine.. Disneyland with 10,000 Fathers using H3 39MP cameras.... It
>> boggles the mind...the rest are using D3 and D700 and Mark somethings.
>>
>>
>>
>> I really think the market is tiny.. And limited to those amateurs with
>> high
>> disposable incomes and Pros.
>>
>>
>>
>> Frank Filippone
>>
>> red735i@xxxxxxxxxxxxx
>>
>>
>>
>> From: hasselblad-bounce@xxxxxxxxxxxxx
>> [mailto:hasselblad-bounce@xxxxxxxxxxxxx] On Behalf Of Jim Brick
>> Sent: Saturday, October 11, 2008 8:58 AM
>> To: hasselblad@xxxxxxxxxxxxx
>> Subject: [HUG ] Re: On the subject of equipement cost
>>
>>
>>
>> Funny thing is, my local photo shop (Keeble & Shuchat Photography) has
>> trouble keeping D3's, D700's 1Ds Mark III's, 5D's, and now 5D Mark III's
>> in
>> stock. They run out of the store as fast as they can get them in. I their
>> initial stock of 100 D700's were gone in two days. KSP also does a land
>> office business in large format ink splatter printers. Someone other than
>> photo pro's and lawyers are buying this stuff. And when Mary Mac worked
>> there, KSP was the top MF digital back sales store west of the Rockies.
>> In a
>> year, the number of Imacon & Leaf backs that went out of KSP was mind
>> boggling! I don't remember the number but it was huge.
>>
>>
>>
>> Again, there has to be a ton of folks buying this stuff - all of the
>> time -
>> or the companies who make them would not make them. The amount of R&D and
>> production cost that goes into a new digital system (Hx, Canon, Nikon,
>> Leaf,
>> Sinar, ???), is staggering, and they must be recouping the cost, or, it
>> wouldn't work.
>>
>>
>>
>> IMHO,
>>
>>
>>
>> Jim
>>
>>
>>
>>
>>
>>
>>
>> On Oct 10, 2008, at 2:29 PM, Frank Filippone wrote:
>>
>>
>>
>> And just who do you think can afford a $5K to $8K camera body, other than
>> pros that can write it off? A few rich amateurs? Very Few?
>>
>>
>>
>> Some of us have financial obligations. like house payments, car payments,
>> medical payments or insurance payments, child support payments, or (
>> heaven
>> forbid) alimony payments.
>>
>>
>>
>> The world really is NOT flush with disposable income magnates..much as
>> the
>> world marketing organizations want you to believe otherwise......
>>
>>
>>
>>
>>
>
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