$286B Highway Bill Passed
#1
07-29-2005, 06:32 PM
Join Date: Apr 2005
Location: Lewisville (Dallas), Texas
Posts: 3,155
$286B Highway Bill Passed
MSNBC Story
Of cours there are porkbarrel projects:
Of cours there are porkbarrel projects:
Originally Posted by Taxpayers for Common Sense
lists 6,361 of these projects valued at $23 billion, and other watchdog groups say such projects are wasteful, handed out as political rewards
Originally Posted by Sen John McCain (on including $3 million to fund production of a documentary about infrastructure advancements in Alaska)
....terrifying in its fiscal consequences and disappointing for the lack of fiscal discipline
#2
07-29-2005, 08:37 PM
Re: $286B Highway Bill Passed
How much corruption can you stomach ? Or the nation's economy tolerate before direct adverse consequences are apparent ?
bush seems motivated to find out.
Incidentaly, that bill now allows states to decide HOV occupancy.
bush seems motivated to find out.
Incidentaly, that bill now allows states to decide HOV occupancy.
#3
07-30-2005, 07:38 AM
Re: $286B Highway Bill Passed
Great. NOW they offer a tax credit (which I could use), rather than a tax deduction (which was useless to a non-itemizer like me). It doesn't pay to be an early adopter.
#4
07-30-2005, 07:49 AM
Re: $286B Highway Bill Passed
mfa-prius,
sounds like time you amended your tax return with a 1040-x.
The hybrid deduction you mention does not require itemization to take advantage of. It is entered BEFORE the AGI. Look it up on the IRS website.
Enjoy your belated holiday gift :-)
addendum: Actually, I see you have a 2005 car, so you will probably get the money on the 2005 tax year return.
sounds like time you amended your tax return with a 1040-x.
The hybrid deduction you mention does not require itemization to take advantage of. It is entered BEFORE the AGI. Look it up on the IRS website.
Enjoy your belated holiday gift :-)
addendum: Actually, I see you have a 2005 car, so you will probably get the money on the 2005 tax year return.
#5
07-30-2005, 08:11 AM
Re: $286B Highway Bill Passed
Yup. I bought the car this March, so it'll be in my 2005 return. TurboTax better ask the question next year. Still, a credit is about 7* better for me than a deduction -- a low marginal rate is kind of a good-news, bad-news thing.
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