Recent content by SmarterMotors

This video is based on their lease program. Also, it doesn't work exactly like how Elon said (maybe it did when this video was made in 2003). Based on my conversation with Tesla's Finance Dept, this is what I got: LEASE: The down payment is reduced by the State's Rebate (if there is one for...

If it's a Traditional IRA, why not just convert it to a Roth IRA and pay the income tax on it instead of taking a distribution? There are no penalties for a conversion and generally no limits either. That is what I would do... Roth IRA Conversion Rules | Can You Convert from a Traditional IRA...

I signed it today too :)

Personally I would always claim as many dependents as I legally could since it gives me an extra income tax deduction (you are leaving money on the table if you don't). If you have a dependent, I would claim them unless someone else can claim them and benefit instead. I can only see one reason...

I agree. It is crazy to read erroneous information on Forbes, LA Times, Bloomberg, Motley Fools, etc. These are reputable sites that should check facts. It makes you think twice about believing news sites.

Putting on more dependents would not increase your tax liability. Haha, it is kinda funny because most of us want to pay less tax, but because of these tax credit we want to pay more tax. Here are some ideas to generate more taxable income: 1. Make more money (pick up more work - i.e. drive for...

True that. You can probably just plug at a local supercharger and sleep there through the night. Free heat and power. Stick a power plug adapter into the cigarette lighter and power your devices. There is no carbon monoxide so you don't have to worry about dying from poisoning. Also the car...

There are no caps or limits. It is as many as Tesla can deliver during that time period :).

I thought I did. Sorry if I didn't. Yes, it is based solely on time (the 200K number merely triggers the phaseout process). The phaseout is up to 18 months at best and 15 months at worst (see page one of this post for the breakdown of how the phaseouts work). I personally think most people will...

There is no income limit for the Federal $7500 Tax Credit. However, there are some income limits for California's $2500 rebate. Some other states may impose a income limit for their state credits/rebate. So far Louisiana is the best. They have up to an extra $9500 in tax credits. That means you...

Hey Dukester, the income limit is ONLY for the California State EV Rebate of $2500 (I am sure other states have other restrictions). To my knowledge there is NO income limit for the Federal $7500 tax credit as your post is talking about. In my opinion, even if you ordered today (maybe position...

You are correct...I really mean "I think that most buyers will receive some tax credit ($7500, $3750, or $1875)". I wish I could edit posts to adjust mistakes/misstatements. Do you know of anyways to do that here on this forum? I tried looking and there is no editing once I post.

INTERESTING...It does not seem like I can edit a post after it has been made. Sorry but I made a typo on the "If you make $25,000 a year". The figures shown in this example are if you make $35,000 a year.

I think that is a decent strategy. There is some stuff in the code about it having to be for personal/business use and not intended for resale BUT how the heck is IRS going to find out and are they seriously going to audit you out of millions of other people. I know some people in this forum...

NICE! Two thumbs up to you. If you enjoy leasing your vehicles you should look at utilizing a Multiple Security Deposit (MSD) to lower the Money Factor a.k.a. Interest. Some car manufacturers allow MSDs to lower the interest rate and your deposits are guaranteed. So you can view it as a risk...