Posted by RRG on June 11, 2005, 3:11 pm
>> It's a DEDUCTION not a credit. BIG Difference.
>>
> Right. Buying a Prius to reduce pollution and consumption of a
> non-renewable resource is not as rewarding as adding another kid to an
> overpopulated planet.
I didn't say I agreed with the shortsighted decision to make it only a token
deduction, just correcting some possibly misleading information. So the
deduction is still available (but sadly getting smaller every year).
Posted by richard schumacher on June 11, 2005, 3:43 pm
> > It's a DEDUCTION not a credit. BIG Difference.
> >
> Right. Buying a Prius to reduce pollution and consumption of a
> non-renewable resource is not as rewarding as adding another kid to an
> overpopulated planet.
Now, now, no need to get snarky; he was merely making a correction. A
deduction saves the buyer the tax that would have been owed on $,000 of
income; it does not save the buyer $,000.
Posted by Staff on June 11, 2005, 5:14 pm
>> > It's a DEDUCTION not a credit. BIG Difference.
>> >
>> Right. Buying a Prius to reduce pollution and consumption of a
>> non-renewable resource is not as rewarding as adding another kid to an
>> overpopulated planet.
> Now, now, no need to get snarky; he was merely making a correction. A
> deduction saves the buyer the tax that would have been owed on $,000 of
> income; it does not save the buyer $,000.
Snarky? I simply wrote the truth. Here in the U. S. one gets a one-time
tax deduction for purchasing a Prius and an annual tax credit for each child
to age 18. The $000.00 Prius deduction, worth roughly $00.00, is a reward
for reducing pollution. The child tax credit is a reward for bearing
children. The planet is overpopulated by any measure. A family raising 3
children to age 18 is awarded about $0,000.00.
Posted by RRG on June 11, 2005, 11:12 pm
>>
>>
>>> > It's a DEDUCTION not a credit. BIG Difference.
>>> >
>>> Right. Buying a Prius to reduce pollution and consumption of a
>>> non-renewable resource is not as rewarding as adding another kid to an
>>> overpopulated planet.
>>
>> Now, now, no need to get snarky; he was merely making a correction. A
>> deduction saves the buyer the tax that would have been owed on $,000 of
>> income; it does not save the buyer $,000.
> Snarky? I simply wrote the truth. Here in the U. S. one gets a one-time
> tax deduction for purchasing a Prius and an annual tax credit for each
> child to age 18. The $000.00 Prius deduction, worth roughly $00.00, is
> a reward for reducing pollution. The child tax credit is a reward for
> bearing children. The planet is overpopulated by any measure. A family
> raising 3 children to age 18 is awarded about $0,000.00.
And hopefully one of them little snot-noses will grow up and develop a cheap
and renewable energy resource that will pay us back on the investment
someday ;-)
Of course a country that exalts a *sport* that takes limited skill and only
seems to exist to flaunt new ways to chew up non-renewable,
planet -polluting resources hardly has it's priorities straight to begin
with.
(Jeff) Gordon laps, while the country chokes...
Russ
Posted by Michael Pardee on June 13, 2005, 12:38 pm
Politics aside, the original purpose for the deduction was to promote hybrid
cars. That doesn't look like an issue any more, judging by the prices people
are paying.
Mike
>>
> Right. Buying a Prius to reduce pollution and consumption of a
> non-renewable resource is not as rewarding as adding another kid to an
> overpopulated planet.