IRS gets one step closer to my free car!
I have had a plan that eventually, car prices will be low enough AND
enough taxes refunds /incentives will come my way that I will get a new, free car.
In equation form:
Pn (price of new car) < = Pt (price of my trade in) + T(amount
of tax relief)
Fortunately, the government also agrees that it should give me a way to get a free car. Here is where they say I don’t have to pay taxes on my new car.
“IRS also alerted taxpayers that the vehicle must be purchased after Feb. 16, 2009, and before Jan. 1, 2010, to qualify for the deduction.”
This should result in T increasing where T = (Estimated refund of state sales tax paid any other tax incentives they dream up (ex. hybrid, low-emission, buy-American, etc).
Here’s to the start of legislation designed to give me a new, free car! Boy am I sure glad that Detroit makes shitty automobiles, that my fellow Americans spend like drunken sailors because now I can get tax breaks! Wooo Hoo! I feel like a financial company!
(Disclaimer: Drunken Sailors are likely far more disciplined. Let’s say drunken congress men for argument’s sake.)