Thread: Looking to buy
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Old 11-24-2009, 07:28 AM   #18 (permalink)
370Zsteve
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Join Date: Sep 2009
Location: Gold Coast CT
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Originally Posted by Matt View Post
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
Thanks, Matt.

It's like putting money in an IRA (almost).
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SOLD MY Z MARCH 2018 - another Core OG moves on - new ride 2019 Z Corvette Grand Sport - no mods necessary but already have eyes on HFC and intakes LOL IT NEVER ENDS.
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