Buy a Camaro:Get a tax break...maybe - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

Stevo · 03-30-2009, 12:49 PM

Obama noted that the economic stimulus legislation he recently signed allows the purchasers of new domestic cars to deduct the cost of any sales and excise taxes. Obama said this provision could “save families hundreds of dollars and lead to as many as 100,000 new car sales.”

My question - since the camaro is built in Canada is it "domestic"? If so, what is the definition of domestic - where it is built or if the company is located in the US?

OverAnxious · 03-30-2009, 12:58 PM

Seriously?

Camaro = GM = domestic

Stevo · 03-30-2009, 12:59 PM

yep thats what he said.

Enator · 03-30-2009, 01:13 PM

Quote:

Originally Posted by OverAnxious

Seriously?

Camaro = GM = domestic

SAAB = Sweden = GM = domestic

VJCamaro · 03-30-2009, 01:21 PM

Stevo - what part of Louisiana are you from?

Stevo · 03-30-2009, 01:26 PM

In Baton Rouge VJCamaro

VJCamaro · 03-30-2009, 01:28 PM

Cool man, I work for the Government in Baton Rouge. I'm actually here now. I live in Hammond. I ordered a 2SS Black/Black

Stevo · 03-30-2009, 01:32 PM

the car looks real good in black! the only part I get painted black are the wheels...

VJCamaro · 03-30-2009, 01:34 PM

I'll be looking for your Cyber Grey Metallic soon on the road. I almost went with that color. Now I'm trying to decide whether or not to get the Cyber Grey Metallic stripes. I think I might wait, and see how I like it without the stripes first. Then order them later and have my dealer install them if I decide to go that route.

VJCamaro · 03-30-2009, 01:35 PM

Yep, those painted black wheels are awesome looking, but not in my budget. Maybe another add-on later.

NightmareSS · 03-30-2009, 01:44 PM

back to the op...are you saying we will get the tax amount we pay on the car back in our tax returns?

BalogUK · 03-30-2009, 01:52 PM

Quote:

Originally Posted by NightmareSS

back to the op...are you saying we will get the tax amount we pay on the car back in our tax returns?

No, if you itemize your taxes, the sales tax becomes a deduction- factor in your AGI and you may get 200-500 some dollars refunded/ put towards your tax bill

1BADZL1 · 03-30-2009, 01:52 PM

Quote:

Originally Posted by NightmareSS

back to the op...are you saying we will get the tax amount we pay on the car back in our tax returns?

If its true, why cant they just take it off the car in the first place?
Kinda redundant, but I guess if they do it that way it looks like our government is actually doing something??
sorry for the sarcasim. Im just skeptical of anything and everything these days and so should we all be.

LadiesMan217 · 03-30-2009, 02:15 PM

Well, talk about really looking for a silver lining in an otherwise very dark cloud.

Hey, it's better than nothing though!

03-30-2009, 12:49 PM	#1
Stevo Drives: Camaro 2010 SIM Join Date: Nov 2008 Location: Louisiana Posts: 348	Buy a Camaro:Get a tax break...maybe Obama noted that the economic stimulus legislation he recently signed allows the purchasers of new domestic cars to deduct the cost of any sales and excise taxes. Obama said this provision could “save families hundreds of dollars and lead to as many as 100,000 new car sales.” My question - since the camaro is built in Canada is it "domestic"? If so, what is the definition of domestic - where it is built or if the company is located in the US?

03-30-2009, 12:58 PM	#2
OverAnxious Drives: 1967 RS/SS L78 Coupe Join Date: May 2006 Location: Detroit, MI Posts: 799	Seriously? Camaro = GM = domestic __________________ Joe Over Anxious - 1967 Camaro RS/SS L78 5th Gen Camaro BLOG // My eBay auctions

03-30-2009, 01:44 PM	#11
NightmareSS Drives: 2010 Camaro SS/RS 92 300zx 2001 Ram Join Date: Feb 2009 Location: Staten Island, NYC Posts: 1,388	back to the op...are you saying we will get the tax amount we pay on the car back in our tax returns? __________________

03-30-2009, 02:15 PM	#14
LadiesMan217 Drives: '10 IOM/IO 2SS/RS Join Date: Feb 2008 Location: MA Posts: 1,680 View My Garage	Well, talk about really looking for a silver lining in an otherwise very dark cloud. Hey, it's better than nothing though! __________________ Proud Member of NEC5!

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03-30-2009, 12:59 PM	#3
Stevo Drives: Camaro 2010 SIM Join Date: Nov 2008 Location: Louisiana Posts: 348	yep thats what he said.

03-30-2009, 01:21 PM	#5
VJCamaro Please not have any Delay Drives: 2SS, RS, Sunroof, Polished Join Date: Jan 2009 Location: Hammond, LA Posts: 205	Stevo - what part of Louisiana are you from?

03-30-2009, 01:26 PM	#6
Stevo Drives: Camaro 2010 SIM Join Date: Nov 2008 Location: Louisiana Posts: 348	In Baton Rouge VJCamaro

03-30-2009, 01:28 PM	#7
VJCamaro Please not have any Delay Drives: 2SS, RS, Sunroof, Polished Join Date: Jan 2009 Location: Hammond, LA Posts: 205	Cool man, I work for the Government in Baton Rouge. I'm actually here now. I live in Hammond. I ordered a 2SS Black/Black

03-30-2009, 01:32 PM	#8
Stevo Drives: Camaro 2010 SIM Join Date: Nov 2008 Location: Louisiana Posts: 348	the car looks real good in black! the only part I get painted black are the wheels...

03-30-2009, 01:34 PM	#9
VJCamaro Please not have any Delay Drives: 2SS, RS, Sunroof, Polished Join Date: Jan 2009 Location: Hammond, LA Posts: 205	I'll be looking for your Cyber Grey Metallic soon on the road. I almost went with that color. Now I'm trying to decide whether or not to get the Cyber Grey Metallic stripes. I think I might wait, and see how I like it without the stripes first. Then order them later and have my dealer install them if I decide to go that route.

03-30-2009, 01:35 PM	#10
VJCamaro Please not have any Delay Drives: 2SS, RS, Sunroof, Polished Join Date: Jan 2009 Location: Hammond, LA Posts: 205	Yep, those painted black wheels are awesome looking, but not in my budget. Maybe another add-on later.