InvestorsHub Logo
Post# of 585
Next 10
Followers 14
Posts 2221
Boards Moderated 0
Alias Born 03/30/2009

Re: cintrix post# 423

Tuesday, 12/29/2009 2:09:17 PM

Tuesday, December 29, 2009 2:09:17 PM

Post# of 585
I've heard of certain items you can get an out and out tax credit for. Like John Stosile who used to be at ABC and moved to Fox described a transaction where he bought a small electric vehicle for about $7000 and that was directly deducted from the taxes he had to pay, so it was basically free.

I'm not sure if that works like the home credit, where $8000 is even given as a direct cash payment, even if you don't pay any taxes.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.