So, I bought an EV this weekend.

[GrandSportC3]

Originally Posted by Don Rickles

Yes. The employer does the withholding and sending in the funds. In his case the money has been paid not owed (under normal declarations). We are agreeing

I should have said "total income tax load" which would have been less ambiguous.

[DJ_Critterus]

Originally Posted by GrandSportC3

I should have said "total income tax load" which would have been less ambiguous.

What really sucks is the government is blowing my load for me and not in a good way

[bsmith]

Originally Posted by Don Rickles

Even at a 15% tax bracket earning 50k puts you at 7500. Is my math correct..

there hasn't been a 15% bracket for years, and no...you're still doing it wrong.

[LATB]

Originally Posted by bsmith

there hasn't been a 15% bracket for years, and no...you're still doing it wrong.

Income correct. Capital gains tax can be 15%.

[bsmith]

Originally Posted by LATB

Income correct. Capital gains tax can be 15%.

I don't think that is what MrRickles was referring to.
amazes me how many people don't understand how income tax brackets work.

If a person earns $50k, very little of that is actually subject to their highest bracket...which is 22%.
nearly all of their income would be taxed at 10% or 12%

[NoOne]

FYI it is a tax CREDIT so your income doesn't matter.

All the ads here in Michigan say the same thing. The bottle has fallen back out. Wrangler Rubicon 4XE, 60K vehicle, $449 a month and right in the ad it says you must assign IRS credit to finance company and you may not file it on your taxes.

We signed a form when we bought the ex her 4XE signing the incentive to Chrysler Capital.