Buy a Camaro:Get a tax break...maybe - Page 2 - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

Emher · 03-30-2009, 02:17 PM

Quote:

Originally Posted by Enator

SAAB = Sweden = GM = domestic

EN TILL SVENSK!!!!!

Welcome to the boards

And no, sadly I don't think that means Saab. Especially since GM is getting rid of Saab :(

kanys · 03-30-2009, 02:52 PM

This would be great!

Miamimatt · 03-30-2009, 03:00 PM

The bill put out covers pretty much all cars, even toyota since they are build here etc. but yes GM counts

kanakattack · 03-30-2009, 03:06 PM

I think that it would count as a tax credit, similar to ones that you get when you purchase solar energy products (PV systems, solar water heating, etc). If it is you don't need to itemize but you should be able to fill out a short form and include the credits. I'm not a accountant but when I did my taxes I was able to get the solar credit without doing the itemized form.

PQ · 03-30-2009, 03:10 PM

Quote:

Originally Posted by MY68RS

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.

Because they are different tax agencies. Sales tax is broken up in three taxes. City, County and State. For example, I own a business in Daphne AL. I have to collect 8.5 % sales tax from sales of product. 2.5% goes to the City, 4% to the County and 2% to the State. The Feds have nothing to do with it.

The Feds can't tell the states what to do with their tax collection. Well, at least not yet. That may change.

detroitboy · 03-30-2009, 06:49 PM

I believe that plan is a tax deduction, not a credit. It was planned to apply to those who cannot itemize their deductions also. Hopefully it ends up that way in its final form. Not much news on that lately since it has been overshadowed by so many other events.

*Camaro_Corvette* · 03-30-2009, 06:51 PM

HTWLSS · 04-01-2009, 12:33 AM

That sucks for those of us who don't pay sales tax. We're still paying $30k+ on a new car without a break.
There should be an incentive for anyone buying a new domestic car. Not just limited to those who happen to live in a state that has a sales tax.

djsnoflake · 04-01-2009, 12:36 AM

Wow, I hope Canada does the same thing.

DO YOU HEAR ME STEPHEN HARPER????

03-30-2009, 03:00 PM	#17
Miamimatt Drives: 2 LT RS Join Date: Feb 2009 Location: Miami Posts: 203	The bill put out covers pretty much all cars, even toyota since they are build here etc. but yes GM counts __________________ Long live GM

03-30-2009, 06:49 PM	#20
detroitboy Pinholic Drives: 11 Silverado, 08 Shelby GT500 Conv. Join Date: Nov 2008 Location: Macomb, Mi Posts: 698	I believe that plan is a tax deduction, not a credit. It was planned to apply to those who cannot itemize their deductions also. Hopefully it ends up that way in its final form. Not much news on that lately since it has been overshadowed by so many other events. __________________ Almost had a 2SS/RS, IOM, orange accent interior, 6 speed manual, sunroof & polished wheels ordered 01/19/07 3000 - 2/27/09 3400 - 3/27/09 3800 - 4/17/09 (built and lost in the vortex) ship date ??????? (I gave up and got a GT500) 5/11/09 - order cancelled 5/27/09 - vehicle arrived at dealership for whoever bought it after me

03-30-2009, 06:51 PM	#21
Camaro_Corvette 36.58625, -121.7568 Drives: Team 1LE Join Date: Mar 2008 Location: Earth Posts: 23,709 View My Garage	__________________ I am seriously never serious vv V vv Next order of business

04-01-2009, 12:33 AM	#22
HTWLSS Camaro Disciple Drives: Camaro, Chevelle, Corvette... Join Date: Jan 2007 Location: +45° 23' 30.0588", -122° 48' 7.3296" Posts: 658	That sucks for those of us who don't pay sales tax. We're still paying $30k+ on a new car without a break. There should be an incentive for anyone buying a new domestic car. Not just limited to those who happen to live in a state that has a sales tax. __________________ How the Disciples help Chevrolet and Being a Camaro Disciple http://modernclassicsauto.com '68 Chevelle Malibu Coupe; '67 Chevelle Wagon; '99 Convertible Camaro SS #0069; '07 Z06; '06 Silverado Crew Cab 2500 4x4 dually; '14 Sonic RS Hatchback Last edited by HTWLSS; 04-01-2009 at 12:34 AM. Reason: Because "have" and "has" are different.

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03-30-2009, 02:52 PM	#16
kanys Drives: 2010 Camaro Join Date: Jun 2008 Location: Houston Posts: 872	This would be great!

03-30-2009, 03:06 PM	#18
kanakattack Drives: wife's xterra Join Date: Oct 2008 Location: Hawai'i Posts: 99	I think that it would count as a tax credit, similar to ones that you get when you purchase solar energy products (PV systems, solar water heating, etc). If it is you don't need to itemize but you should be able to fill out a short form and include the credits. I'm not a accountant but when I did my taxes I was able to get the solar credit without doing the itemized form.

04-01-2009, 12:36 AM	#23
djsnoflake Faith Keeper Drives: 2012 Silverado LTZ, 2010 2SS/RS Join Date: Nov 2008 Location: Saskatoon, Saskatchewan Canada Posts: 2,764 View My Garage	Wow, I hope Canada does the same thing. DO YOU HEAR ME STEPHEN HARPER????