Quote:
Originally Posted by CamaroSkooter
Has anyone seen how people are taking advantage of GM's new 60-day guarantee policy?
They go out and buy a Chevy Volt, which gets them a $7,500 tax credit, then they return the vehicle a week or two later.
As far as the government sees it, they still purchased the car, so the tax credit doesn't get taken back...
|
crooks! They shouldn't see the credit until 90 days after the vehicle purchase or tax time - whichever is farthest from the date of purchase. By then, it's too late to return the vehicle unless it's a lemon - and then the return should be reported to the IRS so they don't "game" the system.
Friggin' crooks chipping away at the foundation the rest of us are trying to maintain by earning a paycheck and putting money back into our own economy.