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Old 04-16-2007, 06:01 AM
denverjay denverjay is offline
Active Enthusiast
 
Real Name: Jason
Hybrids: 2007 FEH
Posts: 89
Default Re: Scr****ed by the AMT

Quote:
Originally Posted by Resist View Post
Had I known I was not getting the full tax credit I definately would have waited before buying a new car.
Quote:
I feel for all of those who were mislead, but you know you still got a great car.
There are many tax credits, deductions and breaks that go away above a certain level of income. I never get the $1000 tax credit for my kids because I am above the threshold that is set. I don't feel screwed or feel like I should have waited to have kids because I wouldn't get a credit. That is absolutely absurd thinking. The idea that you would or would not get a hybrid vehicle just because there is a tax deduction or credit available is just about as crazy.

I didn't get a dime in tax credit with the purchase of my hybrid and I knew that going in. I bought it anyway. I really hope that most people bought these type of vehicles because it was the right thing to do - not because it would reduce your taxes.
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