VictoriaK
10-26-2009, 03:26 PM
Congress OK'd a tax credit of between $4,200 and $5,500 for Americans who purchase an electric vehicle.
Some controversy arose as to which vehicles, exactly, qualified. The IRS recently ruled any electric vehicle qualifies for the subsidy, so long as it is road-worthy.
That means the model in question needs to have side and rearview mirrors and three-point seat belts, and be capable of going at least 15 to 25 mph. Meet those requirements, combine the federal credit with similar incentive plans in many states, and many a creative subject of the realm has discovered the government will now pay virtually the entire cost of acquiring a new ... golf cart.
"We thought Cash for Clunkers was the ultimate waste of taxpayer money, but as usual we were too optimistic," The Wall Street Journal editorialized on Oct. 17.
"The purchase of some models could be absolutely free," Roger Gaddis of Ada Electric Cars in Oklahoma enthused. "Is that about the coolest thing you've ever heard?"
The IRS also has ruled there's no limit to how many electric cars an individual can buy, the Journal reports, inspiring some enterprising investors to stock up on multiple carts while the federal credit lasts, in order to resell them at a profit later on.
http://www.lvrj.com/opinion/easy-money-fore-65968897.html
The intent was to get people to replace their existing vehicles with electric-power cars, not golf carts. In this way it is similar to the Cash for Clunkers, except there was no requirement to retire an existing vehicle and no limit on the number or type of vehicles one could claim. Now American taxpayers will pay for road-worthy golf carts, and at least theoretically subsidize entire fleets of them for later resale and profit by hoarders. After all, tax credits are nothing more than subsidies funded by other American taxpayers.
Gotta luv da guberment.......free golfs carts for all....
Humm, I wonder if you can get an inclosed one with a heater, I only have to drive about a mile to work......:woohoo::woohoo:
Some controversy arose as to which vehicles, exactly, qualified. The IRS recently ruled any electric vehicle qualifies for the subsidy, so long as it is road-worthy.
That means the model in question needs to have side and rearview mirrors and three-point seat belts, and be capable of going at least 15 to 25 mph. Meet those requirements, combine the federal credit with similar incentive plans in many states, and many a creative subject of the realm has discovered the government will now pay virtually the entire cost of acquiring a new ... golf cart.
"We thought Cash for Clunkers was the ultimate waste of taxpayer money, but as usual we were too optimistic," The Wall Street Journal editorialized on Oct. 17.
"The purchase of some models could be absolutely free," Roger Gaddis of Ada Electric Cars in Oklahoma enthused. "Is that about the coolest thing you've ever heard?"
The IRS also has ruled there's no limit to how many electric cars an individual can buy, the Journal reports, inspiring some enterprising investors to stock up on multiple carts while the federal credit lasts, in order to resell them at a profit later on.
http://www.lvrj.com/opinion/easy-money-fore-65968897.html
The intent was to get people to replace their existing vehicles with electric-power cars, not golf carts. In this way it is similar to the Cash for Clunkers, except there was no requirement to retire an existing vehicle and no limit on the number or type of vehicles one could claim. Now American taxpayers will pay for road-worthy golf carts, and at least theoretically subsidize entire fleets of them for later resale and profit by hoarders. After all, tax credits are nothing more than subsidies funded by other American taxpayers.
Gotta luv da guberment.......free golfs carts for all....
Humm, I wonder if you can get an inclosed one with a heater, I only have to drive about a mile to work......:woohoo::woohoo: