Prius for Piano Tech?

[Geoff Sykes]

I currently drive a Honda Civic. It's 10 years old w/100K+ miles, gets low
to mid 30's city, sometimes 40+ highway, (not many of the new so-called fuel
efficient cars today get that), comfortable and dependable. But there is
absolutely no room for an action of any kind so I, too, have been thinking
of getting a roomier car. All this talk of Prius is interesting, but the car
that I keep looking at is the Scion xB. It gets almost the mileage of my
Honda, but has loads more room. And it look really cool. Anyone out there
have any experience with one of those?
 
-- Geoff Sykes
-- Assoc. Los Angeles
 
 

-----Original Message-----
From: pianotech-bounces at ptg.org [mailto:pianotech-bounces at ptg.org] On Behalf
Of J Patrick Draine
Sent: Saturday, April 29, 2006 11:05 AM
To: Pianotech List
Subject: Re: Prius for Piano Tech?


Well, for starters, it's been set up in a rather confusing manner, as our
legislators have been know to do. My understanding is it's up to a $3K tax
credit for the most efficient hybrids (e.g. the Prius); lesser amounts for
less efficient models. In addition, it applies to only the first 60,000 (or
is it 50,000?) of a given model sold in this year; I think beyond that
number there is a tax credit but it is reduced according to some formula.
Apparently the idea was to promote various manufacturers getting into the
hybrid market, i.e. not just benefitting the market leaders, Toyota and
Honda. 
So ... if you bought your extra fuel efficient car on Jan 1, 2006, you'd be
assured of getting maximum benefit. If you wait til Dec 31, 2006 ... you
might be out of luck! 
Apparently this week Pres. Bush mentioned "asking" Congress to extend the
tax rebate offer, but it's far from a sure thing that that will happen.
In other words, we should probably check with our favorite CPA/tax
consultant if we want to be sure of what the tax consequences of one's
purchase will be. 
I've been teetering on the edge of a Prius purchase, but am still driving my
Subaru Outback (mediocre mpg but plenty of space for tools and stuff).
Patrick Draine


On 4/29/06, Fenton Murray <fmurray at cruzio.com> wrote: 

Terry or whomever,
I'm somewhat confused about the tax rebate, deduction, credit. These are
different things A tax credit of 3K is 3K in your pocket, a deduction of 3K
if your in the 25% tax bracket is $750 in your pocket. Any one know for sure
what you get with the Prius?

Fenton


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