$7500 tax credit debate/discussion

[gg_got_a_tesla]

If the above is true, how likely will it be that in 2013, the credit will end due to gov't allowing it to expire, not renewing it, etc?

There's no expiry date on this one and hence does not need to be renewed explicitly:

http://www.irs.gov/businesses/articl...214841,00.html

An unlikely repeal through an act of Congress with the President's signature is a different matter.

[pguerra]

There's no expiry date on this one and hence does not need to be renewed explicitly:

http://www.irs.gov/businesses/articl...214841,00.html

An unlikely repeal through an act of Congress with the President's signature is a different matter.

Thanks a bunch for showing this link. I guess it is safe to assume that a Model S purchased in 1st qtr 2013 would qualify for $7,500 tax credit (assuming buyers tax liability supports it).

GREAT.

Now, I just have to have some more patience...

[gg_got_a_tesla]

For completeness, Form 8936 is the one to file for individual tax returns:

Chevy Volt Federal Tax Credit Form 8936 | MyChevroletVolt.com

http://www.irs.gov/pub/irs-pdf/f8936.pdf

[jerry33]

Double standard?

We're talking politicians here.

[jerry33]

Yes, that would be a Sole Proprietorship.

I realize there is such a thing. I just didn't realize that anyone actually used that kind of model anymore because of all the liability issues and lawsuits that we have these days.

[strider]

I realize there is such a thing. I just didn't realize that anyone actually used that kind of model anymore because of all the liability issues and lawsuits that we have these days.

Yeah, LLC's are way more popular as they are cheap compared to a Sub-S but a lot of people still do SP's - think home businesses.

[brianman]

We're talking politicians here.

Actually I meant the forum posts (perhaps it was a mixture of people rather than just one person).

I was hearing "it's their fault if they repeal it" as well as "they shouldn't take credit if they don't repeal it". To be consistent, you can't have it both ways.

[jerry33]

Actually I meant the forum posts (perhaps it was a mixture of people rather than just one person).

I was hearing "it's their fault if they repeal it" as well as "they shouldn't take credit if they don't repeal it". To be consistent, you can't have it both ways.

I still say: We're talking politicians here. Consistency isn't in any politician's vocabulary (campaign contributions excepted--they are pretty consistent about wanting those).

[brianman]

I still say: We're talking politicians here. Consistency isn't in any politician's vocabulary (campaign contributions excepted--they are pretty consistent about wanting those).

Again, I'm talking about the public (in this case the forum) not the politicians. My point was simply that no matter what they do, the ideological opponents spin it.

[daniel]

I still say: We're talking politicians here. Consistency isn't in any politician's vocabulary (campaign contributions excepted--they are pretty consistent about wanting those).

The greed of politicians is as eternal as death and taxes.