Electric Golf Tax Credit

Posts Tagged ‘electric golf tax credit’

August 7th, 2010

Question: Did Congress really give away our tax dollars for golf carts?

http://online.wsj.com/article/SB10001424052748704107204574473724099542430.html
The federal credit provides from $4,200 to $5,500 for the purchase of an electric vehicle, and when it is combined with similar incentive plans in many states the tax credits can pay for nearly the entire cost of a golf cart.
Answer: A golf cart dealer in Texas hs a real deal for those in his community.
You buy the golf cart. You get the the federal credit. You lease the golf cart back to his dealership. He leases the cart out for more of his own personal profit. After two years he lets you sell it back and you walk away with a two thousand dollar profit at the tax payers expense.
He advertised the “deal” on the radio so everyone who wants to participate can get in on it.
That serves as a great device to stick a spike in the eye of Congress. Everyone can see through the scam. The scam is being made public up front.
I love it! It is simple enough even a Liberal Socialist can understand it.