Reply #53: Tax Credit? [View All]

[Wellong]

I think the article is mistaken. I believe it should read "tax deductable", not tax credit. There is a HUGE difference between the two. If it were a tax credit, and this gentleman had a tax bill of $25,000, he would get a $75,000 check from the government. That is not happening.

The basis of this tax incentive is sound and a good thing. It was designed for farmers to help with the purchase of large equipment and needed vehicles for farm work. Problem is that the monster SUV's get classified as trucks, not cars, and thus qualify for this.