Quote:
Originally Posted by Bill14564
This credit takes absolutely nothing from anyone. This tax credit is non-refundable - you can't claim more than you actually pay. This credit can set your tax liability to $0 but does not pay you anything back. This credit doesn't take money from the poor to pay the rich, it simply says the purchaser doesn't have to pay that amount in their taxes this year.
(This is unlike other credits where money is taken from taxpayers to give refunds to those who pay $0 in taxes.... a true example of taking from the rich and giving to the poor)
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A tax credit is still money taken from the expected income tax to be collected. It is still giving rich people government money for purchasing an electric car.
Not all low income people pay $0 in taxes. As I said, if you want to have a virtue signaling electric car, pay the full price.