Thread: Hybrid tax credit bait and switch
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Old 01-31-2007, 04:25 AM
delao13 delao13 is offline
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Real Name: Miguel
Hybrids: Camry
Posts: 15
Default Re: Hybrid tax credit bait and switch
Quote:
Originally Posted by ag4ever View Post
For me, it was not a bait and switch, I knew going in that I might be hit with the AMT.

Next year I am almost certain I will be hit with the AMT.
AG4ever, you KNEW the hybrid credit was tied to the AMT? I ask because in all the reading I did on hybrids, I have never seen this connection made until 2 days ago. I realize anyone ever hit with the AMT does not soon for get it. But it is one thing to know you are going to get bit by the AMT and another to know that your regular tax obligation has to surpass the AMT by $2600 to receive the full credit.

I agree with another point made on this thread. I would the Camry on its merits, regardless of the tax credit. The tax credit made a good decision, a no brainer however.
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