The Federal Tax Credits Blog

Posts Tagged ‘fuel’

Question: Why are American cars bad?

We have fallen so far behind in the auto industry, not including trucks.

Our new Electric Car, the Chevy Volt only gets 40 miles per charge and cost 40 grand.

Now our international competitor, the Nissan leaf, gets 100 miles per charge and cost only 20 grand after tax credits.

Why are our American products in general so expensive, and why are they crappy?

Answer: Because the Unions have priced them out of the market. They make $70 (including benefits) per hour for a $20 per hour job.
They either have to be way over priced, or under quality.

Double Reimbursement

Business digest: Offer made on Atkinson mansion

A Boeing executive has agreed to pay $2.8 million for the Wentzville mansion built at a cost of more than $10 million for Cory Atkinson, one of the brothers who started the now-bankrupt US Fidelis.

US Chevy dealers in tax rebate scam

Canfor Pulp Products Inc. Announces Fourth Quarter 2010 Results

VANCOUVER, BRITISH COLUMBIA–(Marketwire – 02/08/11) – Canfor Pulp Products Inc. (CPPI) (TSX: CFX – News ) today announced Canfor Pulp Income Fund (the Fund) fourth quarter 2010 results as well as the results of Canfor Pulp Limited Partnership (the Partnership) in which CPPI has a 49.8% ownership. On January 1, 2011 the Fund was converted to Canfor Pulp Products Inc., a taxable Canadian …

Rinnai RL75iN Natural Gas Tankless Water Heater, 7.5 Gallons Per Minute $1,471.00 From the Manufacturer For indoor installation only. Stop planning your mornings and evenings around your water heater. Set your own schedule, thanks to the R75LSi. Ideal for two- to three-bathroom homes, the R75LSi delivers up to 7.5 gallons of hot water per minute (GPM), while saving energy and money. Mount your compact R75LSi in virtually any room, and vent directly to the outside with a single …

Rinnai Tankless Water Heater, 7.5 GPM …

Rinnai Tankless Water Heater, 9.4 GPM …

Energy Efficient Heating & Cooling: Tax Credits & HVAC Rebates

Question: Why isn’t money spent on gas a tax deductible?

I am by no means an accountant of any kind, I am just a normal tax payer like everyone else. Gas prices are rising to record highs everyday and its completely evident that there is no chance of it slowing down anytime soon with republicans and democrats fighting over offshore drilling. More and more money is being spent on gas to the point where an hour of work can get you almost only 1 gallon. My proposal is that a percantage of money a person uses on gas should be returned as a tax deductible. One might ask why should gas affect deductibles, but read this. I got it from msn.com. “Credits are good because they are a dollar-for-dollar reduction in tax. And if you bought a new hybrid gas-electric auto or truck in 2007, you can get a conservation tax credit of between $250 and $1,000 and an additional fuel economy credit of between $400 and $2,400, depending on the make and the fuel economy.” If you do not think it is credible, message me and i will send you the link. Please answer

Answer: If you use your car for work purposes you should be able to claim a tax rebate for the cash spent on fuel.

Media reaction to economic data

The international press were in agreement that yesterday’s economic figures were disappointing for the country, giving further fuel to investor concerns over Ireland’s financial health.

Energy Conservation And Alternative Fuel $0.99 Are You Aware Of The Damage Inflicted By The Fuel You Use For Your Vehicle? Are You Responsible Enough To Save The Environment From The Atrocities Of Mankind? Looking For An Alternative Source Of Fuel, But Not Sure Where To Even Start… ?Finally! Discover Some Of The Top Secrets That Gives You Premium Tips On Using Environmentally Friendly Fuel…! Learn Some Insider Tips To Increase Mileage, Sav…

Biofuels Incentives: A Summary of Federal Programs – CRS Report $0.99 With recent high energy prices, the passage of major energy legislation in 2005 (P.L. 109-58) and 2007 (P.L. 110-140), and the passage of a farm bill in 2008 (P.L. 110-246), there is ongoing congressional interest in promoting alternatives to petroleum fuels. Biofuels-transportation fuels produced from plants and other organic materials-are of particular interest.Ethanol and biodiesel, the two mos…

Agriculture-Based Biofuels: Overview and Emerging Issues $0.99 Since the late 1970s, U.S. policymakers at both the federal and state levels have enacted a variety of incentives, regulations, and programs to encourage the production and use of agriculture-based biofuels. Initially, federal biofuels policies were developed to help kick-start the biofuels industry during its early development, when neither production capacity nor a market for the finished produc…

Propane Motor Fuel Tax Credit Q&A

Question: Tax credit for selling your SUV?

On ABC news the other night Charley commented something about a tax credit for people who have large vehicles with a 18mgp or less that buy newer more fuel efficient cars!

I have searched the internet but cannot find anymore information on the subject.

Where can I find out more details?

Answer: A credit like that has been mentioned/proposed informally, but nothing exists on the federal level at this time.

Congressional leaders address oil spill, health care, other pressing issues

Amidst the hustle and bustle of their legislative schedules, local representatives in the U.S. Senate and U.S. House of Representatives took some time last Thursday to sit down with Gazette-Journal reporters in their Washington, D.C., offices to take a look at some of the issues that are not only hotly contested in the nation’s capital, but are also close to the hearts and minds of many at home.

Salt Lake City Deserves Clean Air (v2)