Good for you.
Now come over here and give me a ride to the grocery store. If you’re gonna use my money to buy your car, then at the very least - give me a ride.
Oh. Be sure you have the number of several tow trucks on speed dial. You’re gonna need ‘em if you drive more than 50 miles.
Uh...I paid for it. I’ve paid something like $400,000 in taxes, I’m just getting a tiny fraction of it back. Actually it’s coming out of my future tax payments, as I only get back what I owe in tax liability (excess rolled over).
Unless you want to get the same treatment you demand in light of whatever tax deductions you take. Mortgage deduction? how about I just move into an extra room for a while?
Seems a lot of people here don’t realize that it’s NOT paid for by other taxpayers. It’s a tax credit, only going 1:1 to what I owe. If I otherwise owe no GA taxes over the next 5 years (a la the 47%), I don’t get the incentive.