Chevy Volt Halted. Who did not see this coming?

[TheGoose]

I had a feeling this thread was going to resort to name calling.

Why is it that when someone has a dissenting opinion the name calling starts?

So if I take a tax credit on my hypothetical Volt, it's being subsidized. But if I take a deduction on my 3/4 Ton Truck for business purposes it's OK and it's not being subsidized. What's the difference?

Oh and anybody care to guess how many Corvettes were sold in 2010?

There will probably be more Volts sold in 2012 than Vettes sold in 2011, yet the Volt is the one getting bashed.

By your twisted logic everyone who takes any kind of tax deduction is subsidized by the government. I think you have got it completely backwards. The citizens and their businesses don't exist for the purpose of paying tax to the government, although that is what you liberals want people to believe, the government exists to serve the citizens.


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[Barnone]

No matter if he starts wearing a dozen lapel pins and holds his hand over his heart, we know it's just fake.

When he renounces Rev. Wright, Bill Ayres and Derrick Bell and Saul Alinsky, etc. we still all know it's just more of Obama's lies.

I have no respect for Obama and won't ever.



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No respect even after ***** Bin Laden was taken out on President Obama's watch?

 

[ultrarunner]

I had a feeling this thread was going to resort to name calling.

Why is it that when someone has a dissenting opinion the name calling starts?

So if I take a tax credit on my hypothetical Volt, it's being subsidized. But if I take a deduction on my 3/4 Ton Truck for business purposes it's OK and it's not being subsidized. What's the difference?

Oh and anybody care to guess how many Corvettes were sold in 2010?

There will probably be more Volts sold in 2012 than Vettes sold in 2011, yet the Volt is the one getting bashed.

Corvette is an American Icon with nearly 60 year lineage.

Production typically runs between 20,000 to 35,000 units the last few years.

 

[piller]

I had a feeling this thread was going to resort to name calling.

Why is it that when someone has a dissenting opinion the name calling starts?

So if I take a tax credit on my hypothetical Volt, it's being subsidized. But if I take a deduction on my 3/4 Ton Truck for business purposes it's OK and it's not being subsidized. What's the difference?

Oh and anybody care to guess how many Corvettes were sold in 2010?

There will probably be more Volts sold in 2012 than Vettes sold in 2011, yet the Volt is the one getting bashed.

How much money is confiscated from US taxpayers to subsidize the sale of each Corvette? Zero. How much money is confiscated from US taxpayers to subsidize the sale of each Volt? About $7500.

Taking a tax deduction for using a truck in a business is a completely different situation than the subsidy for the purchase of a Volt. Actually, I believe that one could purchase a Volt and use the Volt in an eligible business and get a tax deduction, just as one could with a truck.

Why is the tax deduction OK for a truck used in a business? Well, you see the truck is used in a business activity that generates revenue and income. Taxes are collected and paid on that revenue and income.

 

[powerpace]

Originally Posted by powerpace
Yep. I don't like subsidizing anything at the manufacturing level. It should be at the consumer level, wheather it is a car or insulation credit or household waterheater. Same with farming.
When a manufacturer takes a job out of the country and imports the product back into this country we all lose.
The manufacturer has a product built somewhere else. And the people in that country can't afford the product. He brings the products back into this country and trys to sell it to people with no money because they are out of work.
The people building the product pay no U.S. taxes. The people out of work in this country pay no taxes, and they can't buy that product from the manufacturer that doe's pay taxes.
The people out of work are being subsidized by the Government either by drawing Unemployment or other government programs.
The illegal immigrant from the country that made the product and working for less wages here is not paying taxes. And he is sending money back home and not spending the money here on a product from a manufacturer that doe's pay taxes.
If someone else is not paying the taxes that means you are paying more. That is a direct subsidy out of your pocket because that manufacturer took jobs out of the country.
The point is. A product should be made where the larger market demand is.
You would be hardpressed to find any Vehicle made entirely from material made in the U.S.
We are not the only consumers in the world, but we do consume more than anyone else.

It's an unconvincing stretch of imagination to think they are the same thing but nice try. You have a few grains of truth wrapped up in your BS.


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The statements were a generalization of what happens. But if somebody is not paying their share of taxes for privilages or benefits that is the same as a subsidy received by them. And you are helping pay for the subsidy by paying your taxes. In the case of GM that company is getting money to develop new technology to eventually benefit all (in theory and in past practice). In the individual case no one gets the benefit except the person not paying his tax.

 

[MasseyWV]

GM must be desperate to sell the Volt. Now they're running commercials on cable TV, ad-nauseam. In the commercial, some guy is boasting about how he "never" has to put gas in his car. Ummm... it also uses gas so the word "never" doesn't apply, because the Volt isn't a true EV.

 

[TheGoose]

The Corvette reference was due to the fact that the sales of the Volt are low.

There were about 12,000-13,000 Vette's sold in '10/11. Yet nobody on here is screaming that the Vette is going to be discontinued.

Of course, in a normal year, the Vette sales are about 25-35K. BTW, most Vettes sell for way more than a typical volt.

Also, if I'm claiming a tax credit for the volt, aren't I really just getting back my own money that I paid to the gov't already? I dunno about you, but I'm all about getting more of my own money back from the gov't. Methinks that only a liberal would want the gov't to keep more of their money.

How much money is confiscated from US taxpayers to subsidize the sale of each Corvette? Zero. How much money is confiscated from US taxpayers to subsidize the sale of each Volt? About $7500.

Taking a tax deduction for using a truck in a business is a completely different situation than the subsidy for the purchase of a Volt. Actually, I believe that one could purchase a Volt and use the Volt in an eligible business and get a tax deduction, just as one could with a truck.

Why is the tax deduction OK for a truck used in a business? Well, you see the truck is used in a business activity that generates revenue and income. Taxes are collected and paid on that revenue and income.

 

[Qapla]

...Have any of you taken advantage of or actually done any home improvement contracting that has/had the tax rebates? I'm referring to the improved insulation and window replacement type rebates...

Yes and no ...

I needed a new A/C and looked into the "tax rebate (or whatever it is/was called)" since the A/C unit I was buying fit the parameters. But, first, a little background -

The unit I needed was a "package" unit. This means it is basically a giant window type A/C. They are almost as easy to install since you just set it in place, connect the ductwork, connect the power and thermostat and turn it on ... they come pre-charged.

Now, back to the tax incentive ... I found out that a tax incentive was available for the unit. There was also a "low interest energy loan" available to help in paying for the unit.

All of these "incentives" were only available if the unit was installed by a "professional". Keep in mind that we are talking a "package unit" - something I am more then capable of installing and it is entirely legal for me to do so. The A/C cost around $2,000 if I bought it from a supplier (I have a connection to buy this way).

I got several estimates for this unit from A/C companies - they were between $5,500 - $7,000. None of the companies would install the unit if I bought it myself. it was only available as an "installed purchase".

The difference between the cost of the unit and and the lowest price I got was twice the tax incentive. Also, by installing the unit myself, I was not eligible for the "low cost loan".

So, yes I have done one of the home improvements that qualify for a tax rebate, but No, I did not take "advantage" of it, since I would have been at least $2,000 in the hole if I had.

 

[powerpace]

Yes and no ...

I needed a new A/C and looked into the "tax rebate (or whatever it is/was called)" since the A/C unit I was buying fit the parameters. But, first, a little background -

The unit I needed was a "package" unit. This means it is basically a giant window type A/C. They are almost as easy to install since you just set it in place, connect the ductwork, connect the power and thermostat and turn it on ... they come pre-charged.

Now, back to the tax incentive ... I found out that a tax incentive was available for the unit. There was also a "low interest energy loan" available to help in paying for the unit.

All of these "incentives" were only available if the unit was installed by a "professional". Keep in mind that we are talking a "package unit" - something I am more then capable of installing. The A/C cost around $2,000 if I bought it from a supplier (I have a connection to buy this way).

I got several estimates for this unit from A/C companies - they were between $5,500 - $7,000. None of the companies would install the unit if I bought it myself. it was only available as an "installed purchase".

The difference between the cost of the unit and and the lowest price I got was twice the tax incentive. Also, by installing the unit myself, I was not eligible for the "low cost loan".

So, yes I have done one of the home improvements that qualify for a tax rebate, but No, I did not take "advantage" of it, since it was not really an advantage.

My local power company has different incentive programs, water heaters, light bulbs, insulation, windows etc.... I believe only insulation and windows needed to be installed by professionals. The water heater install needed to be inspected by the power company.

 

[Qapla]

My local power company has different incentive programs, water heaters, light bulbs, insulation, windows etc.... I believe only insulation and windows needed to be installed by professionals. The water heater install needed to be inspected by the power company.

I called our power company. They sent someone over to do an "audit" for the new unit. They had to check that we were really replacing an "non-efficient" unit and that the size we needed was correct (ours is a 5 ton unit). They also brought some paperwork that needed to be filled out by the company that installed the new unit. I explained that I planned to do the work myself and was told that if I did, I would not qualify. The installation and the paperwork HAD to be done by a company.

When I told him that I would have to pay more than twice the cost to have someone else do it, he was sympathetic, but said he didn't make the rules and that the only way to get the loan and the tax rebate was to pay the higher cost to qualify.

I didn't ask about light bulbs and water heaters since that was not what I needed. Perhaps those would qualify if I did them myself. The A/C is a different matter. Ours was broken and we did not have heat or cool and by doing it myself I saved way more then the rebate. It would have been nice if I could have saved and gotten the rebate .... but that is not the way it works.