rk911 wrote:John & Angela wrote:
Funny story. When we bought our club car in 2003 that was one of the selling points of the cart. It has signals, seat belts, highway tires, 4 wheel brakes, goes 24 MPH. Had to brake it to him that we were Canadian and it didn't do us any good. Bought it anyway, brand new 4900 bucks. Still runs great. Funny thing was he had just bought a Hummer that gave him a 100,000 dollar tax credit. That one surprised me but apparently was quite common during the Bush era tax credits. Who would have thought that someone that can afford a hummer getting 14 mpg needed a 100,000 dollar tax credit. I'm looking at this through the eyes of a foreigner. I am sure there was more to it. I just never looked into it.
you're referring to Section 179 of the tax code which has existed for some time. basically, it encourages businesses to invest in themselves by creating tax credits for certain types of equipment used to operate the business. the stimulus act of 2008 (when democrats controlled both chambers) increased the tax credit limits for a year with the idea that the credits would roll back to previous levels. in order to qualify for a tax credit on the hummer the fellow you're referring to either was able to qualify that purchase for his business or he committed fraud. if you care to learn more just google 'section 179'.
TenOC wrote:pitch wrote:
Why should I or anyone one else subsidize your pleasure? Never heard of a TAX subsidy for a golf cart or any other pleasure item.
The tax code does not have any logic. For example no tax brake for the renter who pays the landlord who get the deduction for the mortgage interest.
Kemahsabe wrote:
I believe it's expired now, but there used to be a large tax credit available for the purchase of road-legal electric vehicles. I know a couple people who bought golf carts and got a 100% tax credit, then sold them.
Personally, I agree with pitch. But the government owns the ball, so we might as well play their game.
rk911 wrote:gcloss wrote:pitch wrote:
Why should I or anyone one else subsidize your pleasure? Never heard of a TAX subsidy for a golf cart or any other pleasure item.
While some may think Golf Carts are a pleasure item, many communities around the country are considered "Golf Cart Communities". I will be moving to Peachtree City Georgia in 4 years. Peachtree City is one of the largest Golf Cart communities in the USA with approximately 30,000 resident and 10,000 registered Golf Carts. Only electric Golf Carts are allowed.
Peachtree City is a well planned community with more than 100 miles of specialty roads for Golf Carts, where they are considered a major source of transportation. So why not have tax credits for Golf Carts?
why not tax credits for RVs? musical instruments? airplanes (I'd like that one)? other recreational equipment?
Kemahsabe wrote:
I believe it's expired now, but there used to be a large tax credit available for the purchase of road-legal electric vehicles. I know a couple people who bought golf carts and got a 100% tax credit, then sold them.
Personally, I agree with pitch. But the government owns the ball, so we might as well play their game.
down home wrote:
Several, in our former neighborhood bought them with the credit. You can operate them on secondary roads for so many miles. The Gas UTVs are now coming equipped with back up lights and license plate holders.
Essentially the same idea but on steroids. A lot just put a triangle on them and even go down the main road here to the store.
Some can go as fast as 60 miles per hour, maybe faster, I'm not sure.
The credit was a good idea. It allowed a lot of people to buy one so they wouldn't need to crank up the car to go to the corner store. Saved a lot of fuel.
A shame that some chose to make light of it. "Rich" people should be able to save fuel and the planet too.
A whole lot of people, including us, didn't know about it or we would have bought one.
westend wrote:wbwood wrote:Right. I used to service fleets of carts, some of them mixed, gas and electric. The electric carts were easier to maintain. All modern electric carts have an encapsulated speed controller so the only moisture effected area is around the battery terminals.ckwizard777 wrote:
If your camping along the gulf coast gas is prefered over electric because the salt air will destroy an electric one.
? We bought a rental from Ocean Lakes at Myrtle Beach. Granted, Myrtle Beach is not on the Gulf coast, it is on the Atlantic Coast. When we bought it, it was 6 yrs old. Not an issue with it or salt air.
gcloss wrote:pitch wrote:
Why should I or anyone one else subsidize your pleasure? Never heard of a TAX subsidy for a golf cart or any other pleasure item.
While some may think Golf Carts are a pleasure item, many communities around the country are considered "Golf Cart Communities". I will be moving to Peachtree City Georgia in 4 years. Peachtree City is one of the largest Golf Cart communities in the USA with approximately 30,000 resident and 10,000 registered Golf Carts. Only electric Golf Carts are allowed.
Peachtree City is a well planned community with more than 100 miles of specialty roads for Golf Carts, where they are considered a major source of transportation. So why not have tax credits for Golf Carts?
wbwood wrote:Right. I used to service fleets of carts, some of them mixed, gas and electric. The electric carts were easier to maintain. All modern electric carts have an encapsulated speed controller so the only moisture effected area is around the battery terminals.ckwizard777 wrote:
If your camping along the gulf coast gas is prefered over electric because the salt air will destroy an electric one.
? We bought a rental from Ocean Lakes at Myrtle Beach. Granted, Myrtle Beach is not on the Gulf coast, it is on the Atlantic Coast. When we bought it, it was 6 yrs old. Not an issue with it or salt air.
