Golf cart tax credit

All tax credits will go around, you might have missed the latest: a tax credit to buy a brand new Golf Cart.

Now that you have the $ 8000 federal tax credit to buy a new house, got the $ 5000 back to the trade "Clunker", it is now time to get back another $ 5000 when you buy "is a must-have" Golf Cart.

Wall Street Journal states:

"Federal Credit offers between $ 4200 and $ 5500 purchase of electric vehicle, and when combined with a similar incentive schemes in many countries, tax credits can pay for nearly all the costs Golf Cart" ... "Federal Credit must be generous enough to pay half or up to two thirds the average sticker price of the basket, which is typically 8000 dollars is $ 10,000." Buy some models may not be completely free, Roger Gaddis and electric cars in Oklahoma Ada said earlier this year. "Is it about the coolest you've ever heard?"

The program is peaceful as it is foolish for wasting taxpayers' money. WSJ also mentions that there is a limited number of golf carts that you can purchase the discount program. Therefore, as one might expect, some people are trying to pile up on the sale of the baskets in order to profit later. Talk about a loophole.

Makes you wonder ...

The U.S. government has repeatedly stated that it has taken the "main street" and the common American citizen. However, is it me, or golf at well-correlated with High-income individuals and certainly, the people funding the business? If you are a man working in finance, you are usually expected to play some golf.

That is why we are increasing the national debt, destroying the dollar, and is likely to increase in future taxes, so we can all drive around a new golf carts? Perfect!

Another note, I would also like to say that the benefits of having more efficient cars (such as "money for clunkers") does not extend to golf carts. "The money Clunkers" had its controversies, but at least it was reasonable and the environment and reduce our "dependency" on oil.

On my way to buy a new gold basket ...