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The credit will reduce your taxes by ~$3150 or down to your AMT. If your AMT is $4000 and your tax liability is $5000, your tax liability will be...
If your 2006 taxes will be more than AMT + ~$500, you probably walked away from a nice chunk of change. <_<
Have you considered the possibility that the kid behind the register might have been stupid even if he'd never seen a calculator? :P
It's actually not complicated. The credit will not reduce the tax you must pay for the year below your AMT. If you want to estimate your AMT, you...
My dealer says mine is due in port on December 22.
I think he's saying that his AMT was higher than his tax calculated "normally" by $250. If that's so, the credit will not reduce his taxes below...
Had I witnessed this behavior, I would have called the cops on my cell phone and let them figure out whether the speeding were for an emergency or...
I believe most educated/motivated buyers are having little trouble getting MSRP. Dealers in my area are not even trying to add a premium over...
B) Check out the Government_Incentives section of the Toyota_Prius_FAQ.
Eke out? :huh: At MSRP, his profit would be $3,264. With the markup, his profit will be $5,387!
You can find a distillation of tax credit information in the 2006_Federal_Tax_Credit_Incentive section of the Toyota_Prius_FAQ.
The MSRP for option NL with the CF (mats) option is $28,221. 2006 Model Year Prius Calculator, Excel Spreadsheet Your dealer is charging $2,123...
So it looks like we're looking at between 80% and 83% of the MPG of the Prius.
NY Daily News - High on hybrid vehicles A poorly researched news article. Misinformation about the 2006 tax credit by a reporter too lazy to...
From the 2005_Tax_Deduction_Incentive section of the Toyota_Prius_FAQ: 2005 Tax Deduction Incentive A deduction of $2000 is still in effect until...
I think it might be because the credit is partially based on improvement of MPG over a previous year's (top of head - 2002?) city MPG. The...
Be sure to check out what state and private incentives might apply for you as well. There are details and links in the Government_Incentives...
There's good coverage of AMT and related links in the Alternate_Minimum_Tax section of the Toyota_Prius_FAQ.
If your state has a gift tax, you'd be guilty of tax evasion.
It's not illegal. You will be liable for sales tax for the real value of the car. (Sorry, not IRS but state sales tax.) You will get the credit...
