1. Attachments are working again! Check out this thread for more details and to report any other bugs.

Nissan Leaf at about $25K--washpost.com

Discussion in 'Prius, Hybrid, EV and Alt-Fuel News' started by kgall, Mar 30, 2010.

  1. DaveinOlyWA

    DaveinOlyWA 3rd Time was Solariffic!!

    Joined:
    Apr 13, 2004
    15,140
    611
    0
    Location:
    South Puget Sound, WA
    Vehicle:
    2013 Nissan LEAF
    Model:
    Persona
    actually release date is December
     
  2. ceric

    ceric New Member

    Joined:
    Oct 30, 2004
    1,114
    53
    0
    Location:
    Fremont, CA
    Vehicle:
    2005 Prius
    Think about this about AMT...
    Yes, you may not have been hit by AMT. With $7500 deduction from your tax, the AMT will show up on top. That is what you will pay.
    I don't know about porating this specific tax credit. You need to consult your account for that.

    6-figure income? You are kidding, right? That is almost 50% of engineers in silicon valley!!!
    Engineers with a few years of experiences make $100K here. True, housing is expensive here, but the AMT does not care about that.

    AMT was designed to block rich people from tax evasion. However, over the years, more and more mid-class families are being hit with it. The Fed know it, but they don't want to change the law to cut its own revenue. AMT is here to stay for now.

    I am just giving you a heads-up. Don't buy it and then find out that you don't qualify for the tax credit. That is all.
     
  3. LakePrius

    LakePrius Special member

    Joined:
    Aug 2, 2009
    99
    6
    0
    Location:
    Nevada
    Vehicle:
    2010 Prius
    Model:
    II
    Good point!

    Anyone have pointers to exactly what the tax credits qualifications are - both Federal and California?

    If this car actually makes in out in December - I guess it would be a little easier to figure out how much of the tax credits you will be able to get. If the release gets delayed until January or February - it might be a whole lot tougher to figure if your compensation includes 1099 and/or commission type income.
     
  4. Erikon

    Erikon Active Member

    Joined:
    Dec 5, 2009
    819
    105
    0
    Location:
    Rochester, NY
    Vehicle:
    2010 Prius
    Model:
    III
    Since I probably won't be in the market for 5 or 6 years at least, I wonder where the pricing will be for the second or third gen versions of the Leaf, Volt? and other comers. I imagine credits will be a distant memory by then! Of course, Prius plug-in conversions will also be cheaper and better by then...
     
  5. Tom183

    Tom183 New Member

    Joined:
    Dec 29, 2009
    652
    65
    0
    Location:
    Maine
    Vehicle:
    2010 Prius
    Model:
    III
    The EV tax credit is a CREDIT, not a deduction - so it won't push you into AMT territory unless you're already there. And even then, I think this credit may have been specifically exempted and would be applied after AMT (reducing your tax owed, rather than being deducted from the amount of income you owe taxes on).

    True, AMT is hitting a wider target now than originally - and you've probably hit the nail on the head that it is upper middle-class families in high cost-of-living areas that are getting hit more now, because their mortgage interest is a very big deduction. But saying you should pay less taxes because it costs you more to live in a nicer neighborhood isn't sound calculus, if you ask me.

    Maybe they could afford to close the so-called AMT "bubble" by putting a phase-out on these credits for the highest earners, but apparently they chose not to do so. (probably how they were able to get Republicans on board - cutting taxes without paying for it elsewhere)
     
  6. pakitt

    pakitt Senior Member

    Joined:
    Aug 10, 2009
    2,173
    1,311
    0
    Location:
    Colorado
    Vehicle:
    2021 Prius Prime
    Model:
    Limited
    If they ever sell it in EU, it will *very* likely be 32,000€ - you do the math...
     
  7. ceric

    ceric New Member

    Joined:
    Oct 30, 2004
    1,114
    53
    0
    Location:
    Fremont, CA
    Vehicle:
    2005 Prius
    Just checked the IRS web site. If you purchase an EV or EREV in 2010, the tax credit can also be applie to AMT, unlike the older version of 2009 tax credit.
    Just FYI, though you may not care about it like I do.