View Poll Results: How much of the Federal Tax Credit will you receive?
All of it!
74
48.37%
> 80%
7
4.58%
60-80%
7
4.58%
40-60%
13
8.50%
20-40%
12
7.84%
<20%
5
3.27%
Nothing! Nada! Zilch!
35
22.88%
Voters: 153. You may not vote on this poll
Tax Credit Eligibility
Tax Credit Eligibility
#2
02-01-2007, 07:28 PM
Active Enthusiast
Join Date: May 2006
Posts: 182
Re: Tax Credit Eligibility
We got all of the credit, but that does not change our dismay at the misrepresentation of the credit by the IRS. We were fortunate that our situation allowed us the entire credit, but many others will be screwed. All it would take is for enough of us to make a stink about it...who will unite us?
#3
02-02-2007, 06:44 AM
My Wife's car but my toy!
Join Date: Aug 2005
Location: Houston area
Posts: 111
Re: Tax Credit Eligibility
10% for me. If you want to feel better you can always reduce your other deductions to allow more of the hybrid tax credit to kick in. You know all those shady deductions you claim. You can be honest this year and just get more of your hybrid credit. In the end you still pay the same tax. This really sucks.
I know its a pretty lame idea, but maybe it will make someone feel better to get some of the credit that is due them. Even if they have to give it to themselves.
I know its a pretty lame idea, but maybe it will make someone feel better to get some of the credit that is due them. Even if they have to give it to themselves.
#5
02-02-2007, 01:58 PM
MPG Centurion
Join Date: Sep 2005
Location: Houston, Texas
Posts: 202
Re: Tax Credit Eligibility
Holy cow! Those are some scary numbers. Hopefully the trend changes by the time all the results are in. I'm running my own business, so I'm in the process of planning my tax strategy for the 2007. Shesh... wish me luck.
#6
02-06-2007, 08:58 PM
Active Enthusiast
Thread Starter
Join Date: May 2006
Posts: 160
Re: Tax Credit Eligibility
14 votes? Come on. Figure it out and vote already!
So far, well over 70% of us are getting less than 50% of the full credit. 42% of us are getting nothing.
Three cheers for the IRS!
So far, well over 70% of us are getting less than 50% of the full credit. 42% of us are getting nothing.
Three cheers for the IRS!
#9
02-07-2007, 10:50 AM
Ridiculously Active Enthusiast
Join Date: Nov 2005
Location: Chicago area
Posts: 955
Re: Tax Credit Eligibility
I don't think I can vote on this one because I didn't buy mine recently, but I will throw in my two cents. When I got my HCH, the federal tax benefit was still a deduction, not a credit. So if I translate that into what it would mean today, then if my tax rate is 15%, I would have gotten 15% of the 'credit' because it was a deduction. Does that make sense? So I'm in the <20% group. Sort of.
