backintexas2013 said:
MaxPower said:
The only difference is you think one is good and the other is bad. At that point, you have established you don't think tax credits are bad in principle. You are simply upset because enough people who think it's good voted for their politicians to get it passed.
Tax credits are bad. Should be a flat tax.
No money to build charging stations either. I am sure you don't want government paying to build them. No conservative can be for that.
Just curious. Do you think all credits are bad or just EV credits?
If they gave an ICE credit, would you think it is bad? If so, are you telling me you would not take it if available?
What about HSA which essentially is a tax credit for putting money away for medical care? Many take advantage of this but clearly unfair for those who are not allowed to have one.
How about all the clean energy tax credits? How about earned income credit? Student Loan interest deduction? Mortgage interest deduction?
Call it a credit or deduction, it is essentially all the same which lowers your tax burden. I am sure you have taken some of many of these, I know I have.
So If I buy an EV and get a 7500 tax credit, then I have made $7500. If you paid 30K in mortgage interest at a 25% bracket, you essentially made an extra $7500. Other than credit vs deduction, you essentially got $7500 back in your pocket.