02-03-2009, 07:57 PM | #1 |
Drives: 1969 rs/ss & 2010 L99 #3747 4/28/09 Join Date: Oct 2008
Location: Albion, NY
Posts: 328
|
Senate votes to give a tax break to new car buyers
WASHINGTON – The Senate voted Tuesday to give a tax break to new car buyers, setting aside bipartisan concerns over the size of an economic stimulus bill with a price tag approaching $900 billion. The vote was 71-26 to allow many car buyers to claim an income tax deduction for the cost of automobile sales taxes and interest payments on car loans.
The provision was attached to the economic stimulus bill at the heart of President Barack Obama's economic recovery plan and is subject to change or even elimination as the measure makes its way toward final passage. http://news.yahoo.com/s/ap/20090203/...gress_stimulus |
02-03-2009, 07:59 PM | #2 | |
|
Quote:
__________________
2SS/RS Victory Red M6 w/ Black Rallys #3305 Muffler Delete, Lloyd "SS" Floormats, K&N Aircharger, Skip Shift Eliminator, Blacked Bowties |
|
02-03-2009, 08:03 PM | #3 |
Drives: 2010 2SS/RS Black Camaro Join Date: Oct 2008
Location: Dallas
Posts: 307
|
Holy Schmokes!!! That is great news!
__________________
"No matter where you go, there you are."
-B.B. VIN #2G1FT1EW6A9106795 1100, Preliminary order accepted:10/13/08 6000, Del. to me:5/20/09 |
02-03-2009, 08:05 PM | #4 |
Senior Member
Drives: 2010 Camaro 2SS Join Date: Oct 2008
Location: Woodbridge, VA
Posts: 749
|
I like the original proposal better : 7500, 5000, 2500 + sales tax deduction
|
02-03-2009, 08:24 PM | #5 |
Drives: 2010 IOM SS/RS Join Date: Dec 2008
Location: St. Louis, MO
Posts: 659
|
Is this something that would benifit us when we buy it, or do we have to wait until next tax time in 2010?
|
02-03-2009, 08:24 PM | #6 |
Senior Member
Drives: 2010 Camaro 2SS Join Date: Oct 2008
Location: Woodbridge, VA
Posts: 749
|
next tax year
|
02-03-2009, 08:25 PM | #7 |
BOD 5/28/09 #13485
Drives: 2010 Camaro 2LT RS Join Date: Jan 2009
Location: Chesapeake, Virginia
Posts: 913
|
I'll take anything they want to give me.
__________________
|
02-03-2009, 08:26 PM | #8 | |
I love crepes
|
Quote:
|
|
02-03-2009, 08:28 PM | #9 | |
Quote:
|
||
02-03-2009, 08:31 PM | #10 |
aka Patrick
|
__________________
Current Modifications: Your average Bolt-ons & Suspension Upgrades
GForce Engineering: 9" Rear End, Strange Pro Iron Case w/Moser Nodular 3.70:1 Detroit locker, 3.5" Solid Drive Shaft |
02-03-2009, 08:54 PM | #11 |
Drives: 2SS/RS Join Date: Sep 2008
Location: Western North Carolina
Posts: 7,182
|
Dang I liked the original a lot better. With this version I would only get back $200 more then I would have the 1st year ($1,100 sales tax and $900 loan interest for a total of $2,000 and I fall in the 10% tax bracket) and only $90 more each year after that for the next 4 years assuming you can do this each year until the car is paid off.
|
02-03-2009, 09:24 PM | #12 |
Senior Member
Drives: 2010 SS/RS, '06 350Z Join Date: Oct 2008
Location: So. Maryland
Posts: 2,333
|
Sounds like this is Barbara Mikulski's watered down plan. Not that much help, and I certainly hope it's not just for the year you buy the car, that would make it nearly as worthless as the rest of the Stimulus Bill.
__________________
2SS/RS - Black/Black - CGM Rally Stripes - Auto - VIN 10171
|
02-03-2009, 09:32 PM | #13 | |
Senior Member
Drives: 2010 Camaro 2SS Join Date: Oct 2008
Location: Woodbridge, VA
Posts: 749
|
Quote:
I believe it is just for this tax year - - sorry. |
|
02-03-2009, 09:48 PM | #14 |
Drives: 2SS/RS Join Date: Sep 2008
Location: Western North Carolina
Posts: 7,182
|
|
|
|
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Camaro Product Manager - interview | Moose | 5th Gen Camaro SS LS LT General Discussions | 11 | 04-04-2012 06:10 PM |
CNN: Camaro: From sketchpad to street - The rebirth of a muscle car ... | Gatecrasher | 5th Gen Camaro SS LS LT General Discussions | 49 | 10-05-2009 03:33 PM |
The best, worst and weirdest car names | KILLER74Z28 | General Automotive + Other Cars Discussion | 19 | 07-09-2009 05:14 AM |
JD Power survey: Younger Buyers Avoiding Domestics | Scotsman | General Automotive + Other Cars Discussion | 6 | 12-04-2007 01:31 AM |
"The car of the future may turn out to be no car at all." | Scotsman | General Automotive + Other Cars Discussion | 2 | 11-03-2007 12:22 AM |