booboo
Elio Addict
Agreed.The may change once they sell more than 30 of the Model 3s.
At least they lost less than expected this quarter.
I am just saying that I think Elio could do better if given the chance.
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You can register using your Google, Facebook, or Twitter account, just click here.Agreed.The may change once they sell more than 30 of the Model 3s.
Totally agreed! And it actually helps those who are in the higher tax bracket with bigger taxes to pay because they're wealthier than the average Joe! Poor me who have to settle for a used EV. Ah well, that's how the cookie crumbles.Need to correct the "Finally..."75%" to "25%".
Also, everyone needs to know that you have to have a tax liability to benefit.
In other words, if you only owe $1000 in Federal income tax, you'll only get that $1000 forgiven.
You won't get a rebate check for $6500 on top of it.
Totally agreed! And it actually helps those who are in the higher tax bracket with bigger taxes to pay because they're wealthier than the average Joe! Poor me who have to settle for a used EV. Ah well, that's how the cookie crumbles.
Need to correct the "Finally..."75%" to "25%".
Also, everyone needs to know that you have to have a tax liability to benefit.
In other words, if you only owe $1000 in Federal income tax, you'll only get that $1000 forgiven.
You won't get a rebate check for $6500 on top of it.
jsnw, if you have any links to that information in more detail, please share. I'm sure there are interested parties here.That's where leasing can be beneficial, the $7500 goes to the lender and the savings past onto you.
I realize not everyone likes to lease, but I think it's beneficial for EVs...with the uncertainty of depreciation.
jsnw, if you have any links to that information in more detail, please share. I'm sure there are interested parties here.
I've always hated that part of the tax code. Credits over Deductions broadens the incentives to do what the program is intended to do. Deductions are only for those paying Federal Income taxes which is now less than half the population.Need to correct the "Finally..."75%" to "25%".
Also, everyone needs to know that you have to have a tax liability to benefit.
In other words, if you only owe $1000 in Federal income tax, you'll only get that $1000 forgiven.
You won't get a rebate check for $6500 on top of it.
I've always hated that part of the tax code. Credits over Deductions broadens the incentives to do what the program is intended to do. Deductions are only for those paying Federal Income taxes which is now less than half the population.
So, do you think that levels the playing field a bit more for a lot of people?Congress is on recess until after Labor Day, but one of their pressing to-do items is hammering out a tax overhaul bill in the Fall. One of the key changes I recall reading was a significant hike in the standard deduction. I thought the same thing as you; it's as if our elected leaders are literally attempting to ensure that more of the population claims the standard deduction rather than itemizing and taking advantage of every carve-out, loophole, and extraneous special interest handout that they themselves lobby to keep in the tax code.
Although most went home, officially, Congress is in session. They do that to keep appointments from occurring, this has been used before, and is no reflection of current events. It's strictly a technical maneuver.Congress is on recess until after Labor Day, but one of their pressing to-do items is hammering out a tax overhaul bill in the Fall. One of the key changes I recall reading was a significant hike in the standard deduction. I thought the same thing as you; it's as if our elected leaders are literally attempting to ensure that more of the population claims the standard deduction rather than itemizing and taking advantage of every carve-out, loophole, and extraneous special interest handout that they themselves lobby to keep in the tax code.