Cash for golf carts
Among the spending that is so crucial that Democrats see fit to pile trillions of dollars of debt onto future generations:
Free or almost free golf carts:
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?”
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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.
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.
I’m also detecting some pork to favored interests here. This week we learned that Obama is playing golf more than three times as often as his predecessor. And did you notice “the Villages” in Florida in the story? Sound familiar? Let me refresh your memory.
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October 31st, 2009 at 4:31 am
Why should we be shocked? You knew the congresscritters and the envirowhackos would get together to cash in on this nonsense.
More golf carts. It’s a fierce moral urgency.
November 5th, 2009 at 11:05 pm
As an avid golf player I can admit that this is a ridiculous loophole. Hopefully something is done about it.
November 21st, 2009 at 10:18 am
Obama would need even more time on the course considering his swing. Bush got him beat on golf.
December 6th, 2009 at 10:34 am
I would go stock up on golf carts. Too bad i am broke. Maybe it’s because the economy has been in the crapper for the last 8 years. Hmm how did that happen?
December 15th, 2009 at 4:11 pm
Very nice article. I’m discovering more about playing the game of golf from your blog, then I’ve ever did from even my own golf teacher. Hope it’s ok that I share this post on Digg?
December 17th, 2009 at 3:42 am
Great article,
this is one of those interesting sites that all us golfers can go to when we are working on our golf hook shot and need a break from those golf drills.
thanks again
Nick
December 17th, 2009 at 8:33 am
Thank you for your help! This was what I needed to know.
December 17th, 2009 at 2:48 pm
Nice Spam Margery Blake! What golf tips? Did she even read the article? Probably using an auto poster.
December 18th, 2009 at 8:28 pm
I’m thinking we’re going to need to add a category to our golf review site for golf carts now. Whodathunkit?
December 21st, 2009 at 2:05 am
Golf GPS Units are about more than knowing distances. Depending on the model employed, some will offer an overview map of each hole, which allows you to preview potential trouble spots that you differently might only have known about after playing the hole and having found out them the hard way. Knowing this information gives you the ability to decide on your tactic before you tee off. Some golf GPS units even include satellite imagery of each hole. So, along with giving exact distances, good GPS devices can help you with strategy and course administration
December 22nd, 2009 at 8:22 am
Golf GPS Units are about more than recognizing distances. Depending on the model used, some will offer an overview map of each hole, which allows you to preview potential trouble spots that you otherwise might only have known about after playing the hole and having found out them the hard way. Knowing this info gives you the ability to decide on your tactic before you play.
December 25th, 2009 at 4:44 pm
Hey,
You got some nice on golf carts. Keep them coming
December 31st, 2009 at 8:26 am
I love golf cart. I saw a cart that looked like an old caddie. It wasn’t long like one but it had some really need rimes and the whole works. Anyway I love this site keep it up. Here is my site fix a slice