Are you sure you qualify for that hybrid tax credit?
So, you bought a Toyota Prius because you wanted to help the environment? Of course the car pool lane access and the $3150.00 in tax credits helped in your decision as well, right?
Well, hold on. According to Hybrid tax credit bait and switch, you might not qualify for your tax credit on the Prius, or any of the other hybrid cars that qualify for the hybrid tax credit.
"Few Californian families with income between $150,000 and $500,000 will qualify for a penny of the credit. And under this bizarre legislation, at lower income levels, the smaller your family, the bigger the credit allowed. Likewise, single taxpayers will mostly be OK."
Obviously, those making more than $150,000 per year can handle this news better than those making only $50,000. While I understand the writer's consternation, there were a lot of crazy things about the hybrid tax credit, such as why are U.S. automakers sitting on more than 150,000 tax credits as Toyota's tax credits expire? Isn't the point to get as many hybrids on the road as possible?
Congress!?!?
Labels: hybrid cars, toyota prius






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