Talk of The Villages Florida - View Single Post - If you are thinking about buying an EV, read this
Thread: If you are thinking about buying an EV, read this
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Old 08-13-2023, 03:44 PM
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Topspinmo Topspinmo is offline
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Quote:
Originally Posted by Bill14564 View Post
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)

Give it up.