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HOW TO GET AN EASY $7,500 FROM OBAMA

Steve

Well-known member
well not from Obama,.. but from US

Are you having trouble making ends meet? Is not having a job getting you down? You sound like you’re ready to join Obama’s Free Stuff Army. It seems Obama and his car company – Government Motors – have come up with a brilliant plan to boost Chevy Volt sales above the three per month they now sell. The plan is guaranteed to sell millions of Volts and to stimulate the economy with a surge of $7,500 tax refunds

The beauty of the plan is that you only have to drive the piece of ---- for two months and just return it to your local GM dealership. Presto!!! – You are $7,500 richer and become a colonel in Obama’s Free Stuff Army. Don’t forget to vote in November.

Chevy Volt 60-Day Return Makes Tax Credit Abuse Likely

General Motors has announced a 60 day money back guarantee policy for all new Chevy models, including the Chevy Volt. The move sets up a scenario where purchasers can buy a Volt, claim the $7,500 federal tax credit (and most likely state credits) and return the vehicle for a refund within 60 days. Did GM really not consider this glitch, or is this just another way for Government Motors to prop up politically important Volt sales leading up to November elections?

IRS tax form 8936, for plug-in motor vehicle credit, does not have any minimum time requirement for buyers to own their qualified vehicles. The vehicle only has to be new and purchased during the tax year being claimed. Buyers of Volts will have documentation and VIN numbers for qualifying vehicles. The 60 day return policy lays the groundwork for a very easy way to scam the IRS out of $7,500.

Buyers of almost new Volts with low mileage may be tempted to claim the tax credit again, upping the federal subsidy to $15,000 per vehicle.

In the past, the IRS did not seem too concerned as there was not even a field on prior year forms for VIN numbers, something that changed after my criticism of GM dealerships taking tax credits.

Update: A local Chevy dealer informed me that sales tax is refundable. GM sales spokesman, Jim Cain, says returned Volts will be resold by dealerships as used and it is up to buyers as to whether or not they claim tax credits.

how much of our money will Obama spend to win re-election?

oh ...
Obama hikes subsidy to wealthy electric car buyers

The White House intends to boost government subsidies for wealthy buyers of the Chevy Volt and other new-technology vehicles — to $10,000 per buyer.

That mammoth subsidy would cost taxpayers $100 million each year if it is approved by Congress, presuming only 10,000 new-technology autos are sold each year.

But the administration wants to get 1 million new-tech autos on the road by 2015. The subsidy cost of that goal could reach $10 billion.

The planned giveaway will likely prompt populist protests from GOP legislators, but it will likely also will be welcomed by auto-industry workers in the critical swing state of Michigan.

That welcome is critical for President Barack Obama, who is touting his support for blue-collar manufacturing programs to help offset his low public approval ratings.

I should have know the answer was all of it?
 

TexasBred

Well-known member
Dang....nearly as enticing as "Cash for Clunkers". Chevy Volts should become collector's items soon....production suspended !!!!
 

Mike

Well-known member
No telling how many rural people bought an electric golf cart just for the tax credit.

No telling how many Chinese golf carts were sold either....................
 

Steve

Well-known member
Mike said:
No telling how many rural people bought an electric golf cart just for the tax credit.

No telling how many Chinese golf carts were sold either....................

we have alot of them around here now as well.. :shock: :lol:


funny thing is they sell for a little over $7500 and all the rich folk seem to have one... :?
 

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