The Federal Tax Credits Blog

Posts Tagged ‘tax credit for golf carts in texas’

Question: The 2 proudest things over last 12 months for me. What about you?

1) My wife and I make 225k per year. Many of you will know this loophole. I purchased 15 electric golf carts, for 4500 tax credit each. Totaling 67k. Then leased them back to the store for 100 per month each. After 2 years they will then give me 2500 each for them. Getting my $ back… Normally I pay 67k in taxes a year. But this year I am getting a check from the US government for overpayment of taxes by 67k. Totally legal. No income tax on 225k…… I did purchase a 27k watch with part of the check.
2) did not give a penny to Haiti, but donated 10k to Best Friends (dog sanctuary)
It was a dealership program specifically taking into account the tax credit
Companies all over were doing it

http://online.wsj.com/article/SB10001424052748704107204574473724099542430.html

I am not bragging about my good middle class income. I am happy that I am not funding generational welfare this year

Answer: Congrads

I’m healthy, comfortable and glad to be American. I’m good.

The Year of Living Foolishly

Our Man of the Year Award goes to Screamin’ Jay Hawkins for his commitment to the pro-life movement. Before he died in February at age 70, the R&B singer and native Clevelander estimated that he fathered some 75 children in and out of wedlock.

TourFactory Virtual Home Tour #535251