Quote:
Originally Posted by smyles
And yes, in the essence, using the current terminology, US taxpayers subsidy 'the rich' yet again... and they thank you for that, if nothing else.
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The $7500 credit also applies to a $32k Leaf or $37k Bolt which makes it affordable for more people, not just the rich.
Also, fed income tax is marginal. So if someone with more income wants to pay more for a $70-100k Tesla, why would they not be justified in taking a $7500 credit since they have been taxed more on marginal income? Keep in mind that they are sill paying tax on a $100k car, not a $92.5k car.
Also, that $7500 credit is adjusted for in the secondary market, and lower residual values mean the cars are more affordable for more people.