I have photography equipment that I used while working a media consultant. It was a 100% deductible business expense back then, I get a tax break every year as they continue to "depreciate". It's been a few years, I still do some photography on the side mostly portraits or headshots.
I don't think deduction means what you think it means. If you deduct 100%, you aren't deducting it from the total tax owed. You are deducting from your total taxable income.
So if your tax rate is 30% and you spent $1,000 on a camera, you will save $300 on taxes. So the camera is not free. But you do get it for effectively $700.
Additionally, you can't deduct the value of a purchase AND depreciate it every year. You do one or the other. And which one you do is dictated by tax law.
> Additionally, you can't deduct the value of a purchase AND depreciate it every year.
In Austria we have an "investment bonus" that allows you to do exactly that (with a limit). If you are in the highest tax bracket (50%), this means you can get around 5000€ of equipment effectively for free every year.
