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I've got another Tesla about 3 weeks from delivery. Is the $7,500 nice? Sure if you can claim it, and I'll claim all I can. But if the credit goes away it won't bother me nor stop me from getting any EV. I can see how the model 3, bolt or leaf would effect a buyer decision but an S/X? it's a pure luxury car.
ElecFan
Member
I bet Tesla's half a million reservations for the M3 have woken up the ICE bosses and oil-industry as well as Elon's plans on solar city and batteries.
In Europe cities are being closed for polluting cars, the sale of ICE's is restricted within 10-20 years. Also China with its enormous population is going strong in EV's.
The world is changing quickly and the giants of the past are playing every trick to kill the EV, sustainable energy etc. Our health and that of the planet is of less importance to them than the preservation of their power and status. Understandable, however it's a shame that legislators conspire with them instead of maintaining public intrest. O well, Trump was chosen in a democratic way, so everyone will have lie in it.
Where did you get this info from? I don't think that you realize that 2/3 of our national spending is in non-discretionary areas such as health care and other benefit type programs...
I can't verify if this was factual or not, but apparently Elon has been asking for the subsidies to be removed..?
SageBrush
REJECT Fascism
SageBrush
REJECT Fascism
Your memory is short. Hark back to a month or so ago.
It is true though that military type spending (including, e.g., the State Dept) accounts for "only" 22% of the total taxpayer dollar.
If you're agreeing with someone in any manner, it's typically not going to be well received when you're insulting their intelligence. My memory is actually quite well, I was pointing out that non-discretionary spending get's the bulk of our tax dollars.
deonb
Active Member
Nothing prevents you from taking that $2500/year for 3 years and donating $7500 to a friend or family member who wouldn't otherwise be able to afford a Tesla.
I promised my wife we would take any and all tax breaks we would receive as a result of this administration and send it to Democratic congressional challengers all over the nation.
If people here feel so strongly about the credit, I challenge you to similarly give up your upcoming GOP tax break to someone else to buy an EV instead. Heck maybe someone here can start a 501(c)3 for just this purpose and we can all pool together.
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Unfortunately the oil industry has much deeper (and richer) ties than the EV community. Is there even such a thing as an EV 'lobbyist'?.. I'm hopeful but not optimistic about this tax credit getting maimed. Maybe they can put it off for a year, but I really doubt it'll be taken off the table.
Dr. J
Active Member
The House Republican tax plan increases deficits by $1.5 trillion over 10 years. It has nothing to do with getting budgets and taxes under control. Remember when Republicans were fiscal hawks? That was when we had a president of a different party. Principles, my man, principles!
It has to be taken all at once. If I had taken it, it would have been $400 for me. You have to have $7500 in federal taxes due that year. The people I am referring to typically are way under that. They are way more than half the population.
david_42
Member
Probably not, at least for the S and X. I'm far enough down queue for the Model 3 that I've never worried about the credit. Since Oregon doesn't have a sales tax, that's not a concern either. Losing the state tax exemption would hurt. But the cutoff of $500k for mortgage deductions doesn't matter.
I suspect the latter will bite the GOP on the butt, should it pass, though. I doubt 90% of the members of Congress have any idea how much housing costs today. I wonder if it would apply to farms?
deonb
Active Member
Where did you get that from?
China and India are both currently following the Euro IV emission standards.
India is changing to Euro VI in 2020, bringing it on par to where Europe is today.
China's emission standard in 2020 will change to be the toughest in the world, combining the lowest levels of BOTH Euro VI and US Tier 2 & CARB standards. This is very much by design - apart from handling their local pollution, this would allow Chinese car manufacturers to be able to sell cars into the US & European markets without significant modification.
As far as CO2 emissions - at the same time China will require a fleet average mileage requirement of 47 mpg. Where will the US be in 2020? 35 mpg combined IF we're lucky and this requirement isn't scaled back? China already reached 35mpg back in 2015.
deonb
Active Member
You only had $400 in Federal taxes? That means you earned ... mmm... let me check... a total of $14'500 for 2016?
You should probably not be buying a new Tesla in that case.
bkp_duke
Well-Known Member
No, that means he only had taxable income to reach that low level. There are several ways to have insanely low taxes and still make a crap ton.
Classic example is Warren Buffet who always points out he is in a lower tax bracket than his secretary.
