The Federal Tax Credits Blog

Question: Am I wrong for not paying taxes? Is it wrong to use loopholes? Thanks O for no income taxes last year…?

Me and my wife make 200k per year. We purchased 15 electric golf carts for $4600, and we received a tax credit of $69000. Well so far I have sold 7 of the golf carts for $4600 each on craigs list. I am confident I will sell the remainder this spring. But I have paid 69k less in taxes….. YESSSSSSSSS. I cant believe that making almost 200k in 2009, I will have to pay no taxes, legally…… I get to keep my whole 200k…..
to celebrate, I spent 38k on a platinum rolex president II…….. So glad that $ is not going to fund generational welfare….
I did not want to get into it to deep, but I did a lease – purchase with the carts

Answer: Liberals will tell you that this is all lies.
In truth liberals do not even know how to tax right.

BTW you cannot sell your electric vehicles right away and claim tax credit. But sure enough, there are slightly more complicated loopholes which work to the same effect.

New Laws Effective January 1, 2010

The following legislation will take effect beginning Jan. 1, 2010.

Golf Cart Tax Credit and the Ultimate Golf Cart Showroom

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