Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Wow, that's a pretty big deal. How are "tax incentives"accounted for, does anyone know? Would a $5,000 incentive be $5,000 deducted from your tax bill (saving you $5K), or $5,000 deducted from your gross income prior to reckoning the tax (saving you the tax on $5K)?
That's usually how its done in my research experience.
It’ll depreciate over $5k whether they choose to drive it or not.
Exactly, because when the original owner sells the vehicle, the next buyer won't get the $5k tax credit.
The tax credit, which the original buyer thinks is his, is actually a subsidy to the manufacturer. Without the tax credit, the manufacturer would have to sell the car for $5k less.
typical socialism: hard working middle class paying even higher taxes to fund the corporate handout - so their elite can get new toys
Sorry, your tax rate and tax bill didn't change because I got a home mortgage deduction, home office deduction, OR EV deduction. In effect, you didn't pay one red cent for me to drive my Volt or my Bolt. Your rant is misplaced. As is usual.
If it's a tax credit, it's not just pocketing $5k. Unlike some "subsidies" it's not a check to you for $5k when you buy the car, any more than your mortgage tax credit is a check to you, or your federal home office tax credit is.
Oh it’s a check alright. I get a thousands back every year because I bought a house instead of renting. They give me back my money and I count on the renters to pick up the slack and pay for my government services.
Call it what you want but it’s free money.
When GMC releases that 1000 hp electric Hummer for rappers and movie stars, they’ll get a total of $12500 in subsidies. Isn’t that nice.
It’s awful which is why these rebates should be gotten rid of or only eligible for households below a certain income for vehicles underneath a certain value amount. Moreover, this carrot approach is no good, because what needs to be invested in are mixed-use and dense development where walking easily accomplishes most day to day tasks and mass transit becomes far more efficient. A stick would be a solid 10x increase in the gas tax as well as an additional charge for vehicles below a very high fuel efficiency threshold that is pretty unreachable, alongside the elimination of streetside parking, especially along every major urban arterial road, and parking minimums in zoning.
Wow, that's a pretty big deal. How are "tax incentives"accounted for, does anyone know? Would a $5,000 incentive be $5,000 deducted from your tax bill (saving you $5K), or $5,000 deducted from your gross income prior to reckoning the tax (saving you the tax on $5K)?
They just raise the tolls or gas tax to make up for it.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
