IRS will grant tax deduction to purchasers of hybrid vehicles!

[Ryan]

http://autoweek.com/cat_content.mv?port_code=autoweek&cat_code=carnews&loc_code=index&content_code=04559379

Neeto! Time for my to get the new Hybrid Civic

 

[murphy55d]

How much do these cars cost approximately?

 

[gopunk]

hmm. while i like the fact that they are trying to encourage usage, i don't think the government should be giving rebates for purchases from companies.

 

[FeathersMcGraw]

Originally posted by: murphy55d
How much do these cars cost approximately?

The Toyota Prius has an MSRP around $20K. It's a four-door sedan, probably somewhere between the Echo and Corolla in size, so you're definitely paying a premium for the hybrid technology.

I'm still looking to get one when my current car finally stops running, though. Better gas mileage for local travel, less contribution to air pollution, and less engine noise.

 

[Hossenfeffer]

I'd love to pick up a hybrid for commuting. Driving anything that uses much gas just doesn't make sense.

 

[b0mbrman]

Originally posted by: gopunk
hmm. while i like the fact that they are trying to encourage usage, i don't think the government should be giving rebates for purchases from companies.

I think it makes good economic sense, don't you?

 

[DaveSimmons]

Originally posted by: gopunk
hmm. while i like the fact that they are trying to encourage usage, i don't think the government should be giving rebates for purchases from companies.

Well, short-term it reduces oil consumption and pollution a bit, long term it reduces consumption and emissions a lot as hybrid becomes better accepted, better performing, and cheaper to manufacture.

So I'd say this is a better use of my tax dollars than many other government programs -- I wouldn't object to paying for it by adding an extra purchase fee for SUV buyers though

 

[Adul]

cool.

 

[kgraeme]

Originally posted by: gopunk
hmm. while i like the fact that they are trying to encourage usage, i don't think the government should be giving rebates for purchases from companies.

What are you smoking? They are giving rebates for reducing the national dependency on fossil fuels as well as reducing emmissions. They don't specify who you have to purchase a hybrid car from. If you want to complain, complain that they don't offer similar deductions for people who bike or walk to work.

 

[Carl Uman]

Originally posted by: gopunk
hmm. while i like the fact that they are trying to encourage usage, i don't think the government should be giving rebates for purchases from companies.

DITTO

 

[LaBang]

good! now we should just stop subsidising regular automobiles.

 

[Balt]

Originally posted by: kgraeme

Originally posted by: gopunk
hmm. while i like the fact that they are trying to encourage usage, i don't think the government should be giving rebates for purchases from companies.

What are you smoking? They are giving rebates for reducing the national dependency on fossil fuels as well as reducing emmissions. They don't specify who you have to purchase a hybrid car from. If you want to complain, complain that they don't offer similar deductions for people who bike or walk to work.

I agree. The oil problem has become a threat to our national economy and security IMO. As such, I don't have much of a problem with the government letting people keep a little more of their money if they're willing to help reduce that dependence. I love this plan.

 

[shiner]

Cool....I want a part car, part plane, part boat hybrid. Doh...wrong kind I guess.

 

[Beau]

Hmmm.... I wonder if they will honor after-market conversions.

 

[777joee]

Well while the hybrids are great for fuel mileage you sure give up comfort and speed. Take this from one that drives on average 60K miles a year.




Buy a VW Passat my 1999 1.8 Turbo 5spd car gets 30+ mpg on average and my 2000 V6 5spd gets 28 to 29 all the time.







and I cruise at 75 to 80 mph all the time or you get run over on the freeway.





Remember.........................."Drivers Wanted"

 

[vi edit]

It's a $2,000 deduction to income. Not *that* big really. If you want something to complain about, raise a stink about the interest deduction homeowners claim on their taxes.

Now THAT is a huge amount of taxes that the government is missing out on. But, you'll never see it banished because of the uprising it would cause.

 

[shiner]

Now THAT is a huge amount of taxes that the government is missing out on. But, you'll never see it banished because of the uprising it would cause.

And for a good damn reason! Getting rid of that would make homeownership damn near impossible in some cases.

 

[vi edit]

And for a good damn reason! Getting rid of that would make homeownership damn near impossible in some cases.

I never said it was a bad thing. I was just puting things in perspective. I'll claim nearly $20,000 in interest over the next 7 years on my home mortgage. Take that times the millions of people in the same situation as me and this $2,000 ONE TIME tax credit is a pittance.

 

[shiner]

Take that times the millions of people in the same situation as me and this $2,000 ONE TIME tax credit is a pittance.

True, true. I misunderstood your post to mean you wanted to get rid of the homeowner deduction. My bad....

 

[StageLeft]

If you're paying 25% taxes or so and you get the $2000 deduction you get a wicked $500 back. WHOO HOO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!