• Jalopnik
  • spy-photos
  • jalopnik-reviews
  • Profile logout login

#taxcredit

Jalopnik

Share Cancel
   
Upload an image | Add an image URL
×

logging in
  • FAQ. Include # before tag:
  • #tips,
  • #spyphotos,
  • etc.

Detroit, 3:22 AM
Tue Nov 10
27 posts in the last 24 hours

Contact

Tip your editors:
tips@jalopnik.com

Editor-in-Chief:
Ray Wert | Email | AIM

Road Test Editor:
Wes Siler | Email

Weekend Editor:
Murilee Martin | Email

Associate Editor - Houston:
Matt Hardigree

Associate Editor - Detroit:
Ben Wojdyla

Editor-at-Large:
Mike Spinelli

Contributors:
Mark Arnold
John Krewson | Email
Andy Didorosi

Follow Jalopnik on:
Facebook
Twitter

SUBSCRIBE TO Jalopnik RSS

New: Breaking news and daily top stories via email
1753 Subscribers
Jalopnik
  • posts about #taxcredit more →

    Colorado Tesla Buyers Get $42,000 Tax Credit

    New Car Tax Credit Added To Stimulus Package

    Mercedes BlueTEC Models Get First Diesel Consumer Tax Credits

    Hybrid SUVs Skip Gas-Guzzler Tax, Still Get Hybrid Credit Thanks To Tax Code Loophole

    Buy Your Civic Hybrid Today: Tax Credit Halves Tomorrow

  • Your version of Internet Explorer is not supported. Please upgrade to the most recent version in order to view comments.

    Dsmvwl  Admin  Promote to frontpage Approve user Ban user ×
    Image of Schm, enjoying his first desert winter. . Schm, enjoying his first desert winter. .
    10/22/09

    In reply to Colorado Tesla Buyers Get $42,000 Tax Credit
    Subsidies shouldn't be the answer. Let the free market determine which cars we should buy. #tesla
     Reply
    Schm, enjoying his first desert winter. . was starred Schm, enjoying his first desert winter. . was unstarred
    Image of that ain't the way to have fun, son that ain't the way to have fun, son
    10/22/09

    In reply to Colorado Tesla Buyers Get $42,000 Tax Credit
    It's worth it just to see if one every appears with tire chains....

    /ex-Colorado resident who'd like to return, though stupid things like this give me pause #tesla
     Reply
    that ain't the way to have fun, son was starred that ain't the way to have fun, son was unstarred
    Image of bmoreDLJ bmoreDLJ
    10/22/09

    In reply to Colorado Tesla Buyers Get $42,000 Tax Credit

    David Bowie Tesla approves. #tesla
     Reply
    bmoreDLJ was starred bmoreDLJ was unstarred
    Image of the_bob_files the_bob_files
    10/22/09

    In reply to Colorado Tesla Buyers Get $42,000 Tax Credit
    This is a state tax credit only. And I doubt it's a refundable credit, so it can only offset tax owed.

    Colorado's 2008 income tax rate was 4.63%

    In order to take advantage of the full credit you would have to have at least 907,000 in taxable income.
     Reply
    Leeeeena the Jalopchick promoted this comment the_bob_files was starred the_bob_files was unstarred
    Image of Leeeeena the Jalopchick Leeeeena the Jalopchick
    10/23/09

    @the_bob_files: That's good to know, but I would imagine that a fair number of people who would consider buying a Tesla fall into that bracket anyway. :) #tesla
     Reply
    Leeeeena the Jalopchick was starred Leeeeena the Jalopchick was unstarred
    Image of lilwillie lilwillie
    10/22/09

    In reply to Colorado Tesla Buyers Get $42,000 Tax Credit
    So instead of a screaming brat hanging on your hood yelling for his two dollars back Tesla owners will have angry tax payers yelling for 42K?

    This is turning out to be like a '80's movie. It is bad, but funny to watch happen. #tesla
     Reply
    lilwillie was starred lilwillie was unstarred
    Image of Sharky Sharky
    10/22/09

    In reply to Colorado Tesla Buyers Get $42,000 Tax Credit
    Note that this is a State Tax CREDIT, so you actually have to owe Colorado (not the federal gov't) at least $42k in income taxes for 2009 in order to get all of it. That translates into an income of something over $900,000 per year with no major deductions. #tesla
     Reply
    Sharky was starred Sharky was unstarred
    Image of z0iid z0iid
    10/22/09

    @Sharky: no. that is not how it works. when you purchase a $110k car in colorado - you owe $5225 in taxes up front. The 42k credit would apply to that. So what you have left is $36,858. The credit is only available in the year during which the vehicle was purchased - BUT if the credit allowed exceeds the net tax liability for that year, any excess credit may be carried forward and claimed on future year returns for up to FIVE YEARS until the credit is fully utilized. So you would need a colorado state tax liability of $7371 for 5 years straight to get the full tax credit. With the state income tax being a flat 4.63% - you are looking at someone with an income of approx $160k after all deductions but BEFORE this tax deduction. #tesla
     Reply
    z0iid was starred z0iid was unstarred
    Image of TRAMS_AM TRAMS_AM
    10/22/09

    @z0iid: Folks who make 160k don't need a helping hand to buy fashionable toys. #tesla
     Reply
    HoonThatFerrari - Once Again w/Star - Always on the Edge, Baby! promoted this comment TRAMS_AM was starred TRAMS_AM was unstarred
    Image of HoonThatFerrari HoonThatFerrari
    10/22/09

    @TRAMS_AM: Based on what those who are posting in this section of the thread are saying with rgeard to state taxes in Colorado, it seems that the best real tax advantage would be to someone who owned a Domino's Pizza franchise & bought a few Teslas as delivery vehicles. #tesla
     Reply
    HoonThatFerrari was starred HoonThatFerrari was unstarred
    Image of Ash Clutchem, Pokey Master Ash Clutchem, Pokey Master
    10/22/09

    In reply to Colorado Tesla Buyers Get $42,000 Tax Credit
    Wait just a damned minute. I thought the whole point of Boulder was to house all the people who could AFFORD to be environmentally conscious and look down their noses at everyone. And now they're subsidizing that?

    Subsidies need to be implemented in places that wouldn't already buy these cars. #tesla
     Reply
    Ash Clutchem, Pokey Master was starred Ash Clutchem, Pokey Master was unstarred
    Image of Neener Neener
    10/22/09

    @Ash78 isn't really gone, but sorta is: You don't understand Boulder...it defies every preconceived notion, law, rule. I'm pretty sure you could sue someone for farting next to you there. #tesla
     Reply
    send lawyers, guns, and money promoted this comment Neener was starred Neener was unstarred
    Image of brandegee brandegee
    10/22/09

    @Ash78 isn't really gone, but sorta is: I would love to see a Tesla dealership in Maine. #tesla
     Reply
    brandegee was starred brandegee was unstarred
    Image of that ain't the way to have fun, son that ain't the way to have fun, son
    10/22/09

    @Ash78 isn't really gone, but sorta is:

    I'm not certain what the point of Boulder is, other than to put all the arrogant bastards in one place.

    Makes me want to reconsider looking for work there. I love the area, but a larger than I'd like percentage of the people...um...not so much. #tesla
     Reply
    that ain't the way to have fun, son was starred that ain't the way to have fun, son was unstarred
    Image of that ain't the way to have fun, son that ain't the way to have fun, son
    10/22/09

    @Neener:

    Or for having the audacity...the unmitigated gaul, of wearing sandals without socks.

    /repeated eye-rolling #tesla
     Reply
    that ain't the way to have fun, son was starred that ain't the way to have fun, son was unstarred
    Image of Ash Clutchem, Pokey Master Ash Clutchem, Pokey Master
    10/22/09

    @send lawyers, guns, and money: The wealthy have traditionally monopolized many of the nicest places to live all over the US. The political beliefs and fringe attitudes move in later, once the infrastructure becomes comfortable and the combination of academia and wealth take hold.

    I pay no attention to the statewide blue/red maps. I prefer the county-level "shades of purple" data. I actually have a loose theory that "conservative" beliefs are everyone's fundamental baseline, while "liberal" beliefs are borne out of living together in dense groups. Neither is right or wrong (that's not my angle here), but it's just interesting to see the political divide across land area. #tesla
     Reply
    Ash Clutchem, Pokey Master was starred Ash Clutchem, Pokey Master was unstarred
    Image of that ain't the way to have fun, son that ain't the way to have fun, son
    10/22/09

    @Ash78 isn't really gone, but sorta is:

    It's nice to see someone else looks at the "black-and-white" data which is fed to us and comes up with a color other than a washed-out gray.

    I grew up thinking I was one of the very few who could say, "I'm convervative, liberal, and don't care one way or the other about so many issues I can't find a place to start". It's nice to find, as I age, there are more than a few of us out here, we're just kinda quiet because we don't like the loudmouths who insist on putting their agenda first, regardless of how it affects others.

    Working for a private university the past few months has re-opened my eyes to the mystery which is the acedemic entitlement attitude. I just don't get it.

    Education ≠ intelligence #tesla
     Reply
    that ain't the way to have fun, son was starred that ain't the way to have fun, son was unstarred
    Image of TR3-A TR3-A
    10/22/09

    In reply to Colorado Tesla Buyers Get $42,000 Tax Credit
    So if I bought a Tesla Roadster (and it was actually delivered), I could immediately sell it for a profit, right? #tesla
     Reply
    HoonThatFerrari - Once Again w/Star - Always on the Edge, Baby! promoted this comment TR3-A was starred TR3-A was unstarred
    Image of HoonThatFerrari HoonThatFerrari
    10/22/09

    @TR3-A: In theory... but only if you bought it in Colorado, and sold it to someone outside Colorado.

    There... screw the stock market, let's all pool our money & buy 50 Teslas in Colorado - who's with me? Anyone? Anyone? #tesla
     Reply
    HoonThatFerrari was starred HoonThatFerrari was unstarred
    Image of TR3-A TR3-A
    10/28/09

    @HoonThatFerrari: Why not. I've done stupider things. #tesla
     Reply
    TR3-A was starred TR3-A was unstarred
    Image of danio3834 danio3834
    10/22/09

    In reply to Colorado Tesla Buyers Get $42,000 Tax Credit
    Wow. If I were a Colorado taxpayer, I'd be PISSED!

    Subsidizing 40% of some rich asshole's joy ride? Just wow. #tesla
     Reply
    danio3834 was starred danio3834 was unstarred
    Image of Pessimippopotamus Pessimippopotamus
    10/22/09

    In reply to Colorado Tesla Buyers Get $42,000 Tax Credit
    Uh oh. That's one crazy government subsidy right there. #tesla
     Reply
    Pessimippopotamus was starred Pessimippopotamus was unstarred
    Image of Van Sarockin, rogue trebuchet Van Sarockin, rogue trebuchet
    10/22/09

    In reply to Colorado Tesla Buyers Get $42,000 Tax Credit
    Totally shocking development there, leaving me energized to consider Tesla for my next car. I'm coiled in anticipation, waiting for a dealer to open near me, as I'm powerless to resist. Still, that price hertz. #tesla
     Reply
    Van Sarockin, rogue trebuchet was starred Van Sarockin, rogue trebuchet was unstarred
    Image of Heavern2 Heavern2
    10/22/09

    @Van Sarockin, rogue trebuchet: But it hertz so good! #tesla
     Reply
    Van Sarockin, rogue trebuchet promoted this comment Heavern2 was starred Heavern2 was unstarred
    Image of Bruthah Bruthah
    10/22/09

    @Van Sarockin, rogue trebuchet: Ohm, I see what you did there. #tesla
     Reply
    Van Sarockin, rogue trebuchet promoted this comment Bruthah was starred Bruthah was unstarred
    Image of CopterBob CopterBob
    10/22/09

    @Van Sarockin, rogue trebuchet: These are just watt I expected in the form of lame comments... #tesla
     Reply
    Van Sarockin, rogue trebuchet promoted this comment CopterBob was starred CopterBob was unstarred
    Image of snapoversteer 'bout to get told snapoversteer 'bout to get told
    10/22/09

    @Van Sarockin, rogue trebuchet: heh. electricity. #tesla
     Reply
    snapoversteer 'bout to get told was starred snapoversteer 'bout to get told was unstarred
    Image of CopterBob CopterBob
    10/22/09

    @Van Sarockin, rogue trebuchet: Besides, I'm dielectrically opposed to these revolting vehicles. #tesla
     Reply
    Van Sarockin, rogue trebuchet promoted this comment CopterBob was starred CopterBob was unstarred
    Image of Van Sarockin, rogue trebuchet Van Sarockin, rogue trebuchet
    10/22/09

    @CopterBob: Wow, my comment really has you guys all amped up. #tesla
     Reply
    Van Sarockin, rogue trebuchet was starred Van Sarockin, rogue trebuchet was unstarred
    Image of skaycog skaycog
    10/22/09

    @Van Sarockin, rogue trebuchet: Yeah, but it's a good outlet for their current silliness. #tesla
     Reply
    skaycog was starred skaycog was unstarred
    Image of jark jark
    10/22/09

    @Van Sarockin, rogue trebuchet: this whole thread is revoltingly punny. #tesla
     Reply
    Van Sarockin, rogue trebuchet promoted this comment jark was starred jark was unstarred
    Image of Van Sarockin, rogue trebuchet Van Sarockin, rogue trebuchet
    10/22/09

    @jark: I thought it was a joule. I practically diode laughing. #tesla
     Reply
    Van Sarockin, rogue trebuchet was starred Van Sarockin, rogue trebuchet was unstarred
    Image of jark jark
    10/22/09

    @Van Sarockin, rogue trebuchet: I don't have the capacitor to withstand all this punning. I'm solenoid at all of you that I'm going to relay your misdeeds to the editors . #tesla
     Reply
    jark was starred jark was unstarred
    Image of If FromaBuick6 has to watch one more Chevy commercial, he's going to punch Howie Long in the face If FromaBuick6 has to watch one more Chevy commercial, he's going to punch Howie Long in the face
    02/04/09

    In reply to New Car Tax Credit Added To Stimulus Package
    Fucking Senators. Always messing with my shit.
     Reply
    If FromaBuick6 has to watch one more Chevy commercial, he's going to punch Howie Long in the face was starred If FromaBuick6 has to watch one more Chevy commercial, he's going to punch Howie Long in the face was unstarred
    Image of beercheck beercheck
    02/04/09

    In reply to New Car Tax Credit Added To Stimulus Package
    This whole stimulus package is the mother of all Ponzi schemes.
     Reply
    beercheck was starred beercheck was unstarred
    Image of beercheck beercheck
    02/04/09

    In reply to New Car Tax Credit Added To Stimulus Package
    We're paying these dickheads for what, again?
     Reply
    beercheck was starred beercheck was unstarred
    Image of fodder650 fodder650
    02/04/09

    @beercheck: To give us entertainment. Look if it wasnt for the Tom Dascles of the world trying to be commerce secretary and not paying their taxes. Or the Palins of the world fighting for the right to shoot Wolves from a Helicopter (i really need to move to Alaska). You wouldnt be distracted from the reality of the situation.


    You know the whole each American owes $35,000 towards the national debt on top of their taxes bit. Well before the trillions spent this year at least.


    So go back and watch MSNBC or Fox (your choice depending on how ya lean) and watch the silly people distract you by not paying their nannies taxes while running for public office.


    We are electing Actors for the national stage. I hear the benefits are good

     Reply
    fodder650 was starred fodder650 was unstarred
    Image of beercheck beercheck
    02/04/09

    @fodder650: Entertainment? Do you know how many monkeys we could by for senator-money?
     Reply
    beercheck was starred beercheck was unstarred
    Image of Ash Clutchem, Pokey Master Ash Clutchem, Pokey Master
    02/04/09

    In reply to New Car Tax Credit Added To Stimulus Package
    I am curious about other places regarding sales tax. Are most people charged their full local rate for cars?


    Where I live it varies by county, but we typically pay 1/3 to 1/2 of the normal sales tax on a car purchase.


    And of that tax, only a portion is "state sales tax" (most of it is county and city)

     Reply
    Ash Clutchem, Pokey Master was starred Ash Clutchem, Pokey Master was unstarred
    Image of drewdrawshashtags drewdrawshashtags
    02/04/09

    @Ash78: Yup, we sure do. The 7% will make you regret any big purchase!
     Reply
    drewdrawshashtags was starred drewdrawshashtags was unstarred
    Earlier threads | All threads | Show hidden threads | Show featured threads only | Start a new discussion

Login

Enter your username and password.

Please enter a username.
Please enter your password.
logging in
Login via Facebook | Sign Up | Forgot Password?

Reset Password

Please enter your email address to have your password reset.

Please enter your email address.
Please enter a valid email address.
requesting password reset

Register

Registering will give you a user profile and the ability to add other users as friends. To become a commenter, however, you need to audition.

Want to know more? Consult the Comment FAQ and legal terms.

Please enter a username.
Please enter a password.
Please confirm your password.
Passwords are not identical.
Please enter a valid email address.
registration sent, waiting for reply

Submit Your Comment

You don't need to login to comment. Just enter your email address below.

See how your address will be displayed in the Comment FAQ.

Please enter a valid email address.
Please enter a valid email address.
logging in

Login with your Facebook or Jalopnik account.

Sign up here.



  • Archives
  • About
  • Advertising
  • Legal
  • Help
  • Report a Bug
  • FAQ
Original material is licensed under a Creative Commons License permitting non-commercial sharing with attribution.