11-24-2009, 07:26 AM
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#16 (permalink)
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A True Z Fanatic
Join Date: Oct 2009
Location: Augusta, GA
Age: 41
Posts: 1,680
Drives: 2010 Avalanche LT
Rep Power: 19
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Quote:
Originally Posted by perfectnobody
really?! that's awesome, where can i read this? so how does that work, i still have to pay it though, but i'll get it back when i do my taxes?! Great! thanks for the info, definitely makes my purchase much more easier as i have been accounting for $3,000 dollars as sales tax (i think, my numbers might be off) which i might get back (assuming your info is correct... i believe you...lol) next year...
will post my visit later, firefox was not able to open that link though, you might want to fix it.
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Let's say you make $100,000 this year. If you pay $5,000 in taxes on the Z, then you'll pay taxes on $95,000 of your income in 2010. It's a write-off or "deduction" not a true credit.
New Car Tax Rebate- Obama Economic Stimulus Plan: Cash Back on 2009 Vehicle Purchase, Not Tax Credit on Federal Return | Suite101.com
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"Any man who can drive a 370z while kissing a pretty girl is simply not giving the Z the attention it deserves." Albert Einstein....modified.
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