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  • littlebit: Makes sense.
    July 16, 2017, 04:40:28 AM
  • Lepard LLC: Boards will stay open for a place people can find history information longer. I am not allowing anyone to sign up for now because of so many foreginers just wanting to promote their business..
    December 10, 2016, 05:10:27 AM
  • Lepard LLC: Not sure why didn't look, I may be shutting down these message boards..
    November 17, 2016, 12:42:43 AM
  • ~kathy~: rick why is the timestamp showing up a day in advance?
    September 13, 2016, 12:27:46 AM
  • Valor7: What I tried to say is that the actual money would not be there that quick. But a loan against that would work if they are willing to do that.
    August 08, 2016, 01:51:51 PM
  • Lepard LLC: Why so long before it comes online? 911 took out a loan or bond with the known guarantee payment and began building..
    August 08, 2016, 07:46:34 AM
  • Valor7: Actually no it is not, a dependable Revenue stream will not come on line until the 4th quarter of 2017 so 2018 budget will be up in the air, not quite sure what they will have. By 2019 budget all will be well.
    August 04, 2016, 09:27:17 PM
  • Valor7: You mean that tax that the Commissioners would not put on the ballot for so many years? Strange things happened when the citizens got a chance to vote on that issue.
    August 03, 2016, 06:43:06 PM
  • Lepard LLC: Back up is now available withe the new tax..
    August 03, 2016, 05:01:35 PM
  • Valor7: Thanks a lot Ladies!!
    July 29, 2016, 01:16:13 PM
  • littlebit: ((*(*&
    July 27, 2016, 03:47:52 PM
  • ~kathy~: lol
    July 15, 2016, 09:34:56 AM
  • Valor7: A guy could get killed around here while waiting for backup!
    July 13, 2016, 07:31:58 PM
  • Lepard LLC: You are not alone..
    July 13, 2016, 07:28:53 PM
  • Valor7: I just hate it when I talk to myself!!!!
    July 08, 2016, 12:54:09 PM
  • Valor7: I could have worded that better, we talked details, options, the pros and cons of each, in  order to arrive at the best ballot language to present to the voters. Hope that makes this clearer.
    April 15, 2016, 06:36:14 PM
  • Valor7: sorry about the typos still working with just one arm in action
    April 13, 2016, 01:10:42 PM
  • Valor7: Yes and no. We talked details and options until we were blue in the face but I never heardbring it over, it was always the time was not right for the issue to pass. Glad to see the time in now right and I for one shall vote yes on the ballot. I would urge all others to do the sameour county is busting at the seams crimewise and no matter how many bad guys we send off there always seems to someone to replace them. The Sheriff's Office needs the help.
    April 13, 2016, 01:08:35 PM
  • Lepard LLC: Is that true Valor? Did he ask you what you wanted?
    March 01, 2016, 04:55:37 AM
  • Lepard LLC: Gene Newkirk Rick I have waited for a Sheriff to bring it to me on what he wanted. I have pushed Mr long for a while to get it to me. He told me he was close to having or done. Now hopefully the people will get to decide on it. I spoke with Steve about this a few times.
    March 01, 2016, 04:54:54 AM
  • Kimberly: Wow- I have a new name..........
    February 23, 2016, 10:25:15 PM
  • Lepard LLC: Works on mine, improvements are being done here. I may kick back into her a lot and post but working on different technologies right now. Seeing how things interact.
    January 18, 2016, 09:01:20 AM
  • Valor7: Yes it is working. If you need a laugh the wife showed me how to correctly use the silly thing.
    January 04, 2016, 05:32:59 PM
  • Valor7: Think so, mine is trying to work but it is now user and password protected and I dont know mine
    December 17, 2015, 01:32:16 PM
  • "DJ": Is there still a working android app for the PCSD
    December 14, 2015, 08:14:53 PM

Author Topic: Cash for Clubbers  (Read 1593 times)

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Offline fish

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Cash for Clubbers
« on: October 18, 2009, 04:16:14 PM »

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We thought cash for clunkers was the ultimate waste of taxpayer money, but as usual we were too optimistic. Thanks to the federal tax credit to buy high-mileage cars that was part of President Obama's stimulus plan, Uncle Sam is now paying Americans to buy that great necessity of modern life, the golf cart.  The federal credit provides from $4,200 to $5,500 for the purchase of an electric vehicle, and when it is combined with similar incentive plans in many states the tax credits can pay for nearly the entire cost of a golf cart. Even in states that don't have their own tax rebate plans, the federal credit is generous enough to pay for half or even two-thirds of the average sticker price of a cart, which is typically in the range of $8,000 to $10,000. "The purchase of some models could be absolutely free," Roger Gaddis of Ada Electric Cars in Oklahoma said earlier this year. "Is that about the coolest thing you've ever heard?" The golf-cart boom has followed an IRS ruling that golf carts qualify for the electric-car credit as long as they are also road worthy. These qualifying golf carts are essentially the same as normal golf carts save for adding some safety features, such as side and rearview mirrors and three-point seat belts. They typically can go 15 to 25 miles per hour.
In South Carolina, sales of these carts have been soaring as dealerships alert customers to Uncle Sam's giveaway. "The Golf Cart Man" in the Villages of Lady Lake, Florida is running a banner online ad that declares: "GET A FREE GOLF CART. Or make $2,000 doing absolutely nothing!"
Golf Cart Man is referring to his offer in which you can buy the cart for $8,000, get a $5,300 tax credit off your 2009 income tax, lease it back for $100 a month for 27 months, at which point Golf Cart Man will buy back the cart for $2,000. "This means you own a free Golf Cart or made $2,000 cash doing absolutely nothing!!!" You can't blame a guy for exploiting loopholes that Congress offers.
The IRS has also ruled that there's no limit to how many electric cars an individual can buy, so some enterprising profiteers are stocking up on multiple carts while the federal credit lasts, in order to resell them at a profit later. We should note that some states, such as Oklahoma, have caught on to the giveaway and are debating whether to cancel or limit their state credits. But in Congress they're still on the driving range.
This golf-cart fiasco perfectly illustrates tax policy in the age of Obama, when politicians dole out credits and loopholes for everything from plug-in cars to fuel efficient appliances, home insulation and vitamins. Democrats then insist that to pay for these absurdities they have no choice but to raise tax rates on other things—like work and investment—that aren't politically in vogue. If this keeps up, it'll soon make more sense to retire and play golf than work for living.
http://online.wsj.com/article/SB10001424052748704107204574473724099542430.html