The true issue here isn't whether a bunch of tax gurus understand how the credit works. Many of you have wowed us with your knowledge of tax laws and how they pertain to this particular instance. We get it. You're really intelligent. However, not the issue.

The issue here is whether or not the credit was misrepresented to the layperson, and the answer is yes. Did you go to the dealer and hear "If you buy the car, you get the credit"? Did you read all the articles identifying the credits for each individual car but not including any information regarding the AMT catch? So, to the average person with average amount of tax knowledge, was it reasonable to assume that the credit was exactly that? Again, yes.

Please don't bore me with your ramblings about how I am a silly person for not spending a week at the local library immersed in the US Tax Codes to truly understand the innerworkings of the IRS. I acted based on what I was told by people who were in a position of trust. None of those people identified the potential that the credit has become.