4 ms·
But this is the point. Without the credit they will not be able to afford $32.5K car. And btw, average worker makes $35K, and pays federal tax up to $3200. So
by woobar 12y ago
But this is the point. Without the credit they will not be able to afford $32.5K car.
And btw, average worker makes $35K, and pays federal tax up to $3200. So their "after credit" price would be close to $30K.
- sokoloff 12y agoFair point, though those average workers who can do math and plan ahead would lease the car, where NMAC (or the competitors' equivalent) would purchase the car and take the $7500 federal credit as a cap cost reduction and the lease payments would reflect the full value of that credit. I would be in favor of a simplified tax code, even if it takes away the mortgage interest deduction (mine is partially phased out already), the EV credits, etc (and especially if it gets rid of ACA as my health care plan changed dramatically for the worse and by an amount far greater than historically normal rate increases).