Free Electric Golf Carts Thanks Mr Obama!

Discussion in 'Off Topic' started by AussieJester, Oct 31, 2009.

  1. AussieJester

    AussieJester Member ... 42430.html

    "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."
    Last edited by a moderator: Dec 15, 2015

  2. bluegoatwoods

    bluegoatwoods Well-Known Member

    But I thought "Cash for Clunkers" had already expired (?)........

    And why would an Aussie even care?
  3. AussieJester

    AussieJester Member

    Has nothing to do with 'clunker' try reading the article...And i dont care, but last time i looked this site was filled with predominately Americans I thought the idea of obtaining a free* electric golf cart that CAN be used on main roads with slight mods would appeal to some of them :-S

  4. safe

    safe Active Member

    I was at the bar on friday night and talked with a guy in the business of selling large scale windmills... they sell what usually would be considered "Green Projects".

    However... the guy was not happy...

    Apparently "Obama's Way" is all about paying back people and not really about getting money to where it's needed. (to this day they have received no funding)

    Poor guy... but you never know... if they get some funding in the future then everyone's happy, so the ending might be happy eventually.
    Last edited: Nov 1, 2009
  5. bluegoatwoods

    bluegoatwoods Well-Known Member

    Actually your own post referred to the program that we call "Cash for Clunkers". Unless I missed something, we're talking about the same program. It has expired.

    And I tried to read the article. It's been pulled. It's a no-go.
  6. AussieJester

    AussieJester Member

    Yup obviously you did...a free golf cart LoL

    Last edited: Nov 9, 2009