Quote:
Originally Posted by snax
You have missed the point. This tax CREDIT as it has been presented by the IRS and everywhere else has strings attached that were not published by the IRS until the tax year was over!
This is a bait and switch, plain and simple. We were deceived into purchasing something that in retrospect would not have made sense had full disclosure been made.
It is irrelevant as to whether we are getting $2400 back, or paying $2400 in. It's $1950 in CREDIT that the IRS proclaimed we would be eligible for and, now well after fact and our cost has been incurred, they have pulled the rug out from under people who would benefit most from this credit.
This whole "You should be happy for what you do get" is classic republican trash. (Edit: Sorry, after re-reading your post, I'm not so sure if that's where you were going.) While we don't owe federal taxes directly, we certain DO pay taxes and are as entitled to the IRS promise of a tax credit as anybody else.
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Your correct in not assuming I was a republican, I'm libertarian. I'm not saying be happy ever concerning taxation. I am for lower taxes (and lower corresponding spending). I'd like to see tax deductions for my car loan too, and no minimum tax.
If you don't want to disclose any more that's fine, but I'm curious exactly how your tax situation pans out, your description isn't clear to me. Are you hit by the Alternative Minimum Tax?, you say you don't owe federal taxes directly, how is that? How would you get credit if you don't pay tax?