Re: Scr****ed by the AMT
It's unfortunate that so many relied on the credits. This is a result not so much from misrepresentation as it is from lack of full understanding. My dealer didn't even profess to know about the credit. (He well knew that most NYC purchasers would not be getting the full credit, if any at all)
The disclaimers are everywhere.
They're even written into the tax code. The credit was designed to attract buyers but not actually pay out easily. The good thing about the AMT calculation is that so many did not receive the full credit. This most likely means that the credit won't be changed to make it harder to get (such as a credit recapture for those who sold before a reasonable time) but maybe made easier (like lifting the 60,000 unit phase out).
I personally don't make big decisions without discussing them with a pro first. For example, I talk to my pharmacist before taking anything the doctor has prescribed. My pharmacist has saved me and others from potential harm many times.
When it comes to the law, it is best to make decisions based on accurate interpretations from a professional or your own reading of the laws if you are proficient.
I feel for all of those who were mislead, but you know you still got a great car.
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