Posted on 03/07/2020 6:50:31 PM PST by E. Pluribus Unum
Now if they would just stop propping up that crappy ethanol.
L8r
The tax deduction of $2,500 -$7,000 is not that much less taxes. Its the deduction on their Net Income, so its like 15-30% of that.
When we got the standard deduction raised from $7,500 to $24,000 it essentially removed the reason to keep your house in debt (which is a weak excuse to start with). Pay your house off and get out of debt as quick as you can, imho.
It is an actual tax credit.
It deducts $1 for every $1.
NO EV tax credits period. If they can’t compete in the marketplace without MY tax dollars being giving to a lot of people who have a lot more money than I do, then let them fail.
Don’t even get me off on that crap they put in our gas to gum up our cars and bikes. Tennessee has about 5 times as many gas stations that sell E0 than we do in Kentucky. Closest 90 octane *real* gas is 40 miles from me (my Indian Scout requires premium). If we happen to be riding in that general neck of the woods, I will detour 5 miles to get it.
There is one, count em, one station in Louisville that sells E0.
And the claim that it is better for the air is bogus. But the government never admits it’s wrong. Just keeps on stickin it to us....with our own money.
I’ve been buying ethanol-free gas since I got my 2019 Jeep Grand Cherokee HEMI, last April. 90oct at around $2.89/gal, right now.
In addition, it always bugs me that businesses and some governments put in free charging stations. Where is my free gasoline station? And much of that free electricity is carbon based or hydro that kills the beloved salmon or wind that kills all sorts of birds.
All true, its feel good BS and a fraud. Get rid of the EV subsidies that distort the market.
Tax credit should be $ ZERO!!!!!!
Screw the tax credits. Charge them more for the battery problems for the environment.
Same, trying to keep my ancient Honda Odyssey going.
There is no real source for many of its parts, and I have money to get something else but I get attached to stuff.
“When we got the standard deduction raised from $7,500 to $24,000 it essentially removed the reason to keep your house in debt (which is a weak excuse to start with). Pay your house off and get out of debt as quick as you can, imho.”
My wife and I went to a reverse mortgage based on the math that explain above.
Uh-oh, the electric golf kart fanatics will get you for that one.
We only put real gas in our vehicles. Ironically, here in Iowa, the state that pushes ethanol on everyone, has plenty of stations that sell real gas. Guess they want to ruin other people’s vehicles and not their own. I get so frustrated listening to our senators go on and on about the importance of the government making people buy that crap. They are both Republicans, Ernst & Grassley representing the corn lobby
If oil keeps dropping, they are gonna have a difficult time pricing ethanol competitively enough to use as a fuel.
Boo yah! Hence the political move to shore up that junk. I wish people would realize that subsidies hurt those being subsidized as well as the rest of the population. It keeps marginal players in business, and prevents people from getting the correct signals from the market.
“...real gas...”
?
No lead or ethanol free?
I can get leaded av-gas at the local airport, but it’s 130 oct, and too rich a diet, even for the Jeep’s 550hp HEMI V8.
Considering it costs $1.30 to make $1.00 of 10% ethanol gas, the only ones doing well are the corn farmers, and car parts stores.It definitely shortens the life of the engine and many of fuel-related parts.
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