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Old 03-22-2007, 10:12 AM
nomorebenz nomorebenz is offline
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Real Name: Fred
Hybrids: 2006 Toyota Highlander 4WD
Posts: 176
Default Re: IRS Rules for Tax Credit

Unfortunately, the AMT has become a middle class tax. It starts kicking in at around $75,000 of income. Originally it was designed to tax the wealthy. Because of recent tax cuts, it now effectively raises the tax burden of the middle class.
It's quite ironic. If you can afford a hybrid, chances are that you will have a reduction of the credit.
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