Big companies are making money off of us so they don’t want alternatives!

As far as your road trip, bicycle is not a bad idea because I heard that the price of the gas is not coming down anytime soon, but looks like it’s heading toward $4 per gallon by summer. The IRS like to let people think that they are getting a great deal with the tax credit for hybrid vehicles, lets face it, might as well change their name to I R (U)S, giving all the money to them. I’m wondering if FedEx is merging with UPS anytime soon, then I can ship my income tax return via FedUp.

The U.S. should be looking at alternative resources fast. And it doesn’t help that the suburbs are built with more of the car in mind, rather then the people and their “quality of life.”

As for the rising gas prices, I really miss the days when I could fill up my little Honda Civic for less then $15. It would be enough for weekend road trips along the coast.

Then there is a fine print of the Regs, to qualify for these credits, the original use of these vehicles must commence with the taxpayer and such use must begin after 2005. In addition, the credits for Toyota and Lexus products were reduced by 50% effective October 1, 2006. They will be reduced by 75% for purchases after March 31, 2007 and there will be no credit for purchases after September 30, 2007. This, I think most people are not aware of, why the phase out?, I’m thinking they’ve reached the quota allowance of selling to consumers, so there is no need to attract people to buy these makes and models anymore so the IRS decide to take it away for the Toyota and Lexus, seems unfair IMO when other makes and models still would get tax credit. Honda sold almost 59,000 hybrids through June 30, 2007, therefore it appears Honda hybrid vehicles will be entitled to the full credit listed through December 31, 2007. But I’m thinking that the tax credit for Honda hybrid vehicles purchased after 2007, and before July 1, 2008 will likely be reduced by 50%, for the exception of the Honda FCX which no telling when this will phase out.

The tax laws are somewhat cumbersome and even if you understand the tax credit, but there are other factors that you’ve to be aware of. Sometimes by filling out a piece of paper can cause you lots of tax dollars owe to the IRS IMO, take for example making an S election for a company, if you’re not aware of their Balance Sheet, this can cause an instant gain and tax dollars owe to the IRS and there is nothing that you can do to get out from it, so always be extra careful when you deal with the IRS, it could be somewhat deceptive if you don’t see the whole picture, and that’s when the CPAs come in.

Those vehicle on the links will run on water that is slighty salty. The salty water helps produce hydrogen at a better rate. There’s no other engery source required to run the motor. It creates zero pollution.

I recently read about a new Regs that the IRS recently approved, the largest tax credit I’ve seen for any Hybrid and Lean-Burn Vehicles tax credit, the IRS called this one Alternative Fuel Motor Vehicles which certified by IRS, I’m thinking for 2008 tax year because that’s when the vehicle will be available, it’s the Honda FCX models which are capable of operating on hydrogen, I don’t even know how much it will cost, but the tax credit is approved for $12,000, and most current tax credits are only ranging anywhere from $250-4000 for Hybrid Vehicles, you could imagine that this would be somewhat exciting for the tax preparers, it doesn’t take much to get them excited IMO. It wouldn’t surprise me if the vehicle will be priced over $200,000. There is a good article review at autoweek that you might enjoy reading.

http://www.youtube.com/watch?v=PDJ2DdCZlOk
http://www.youtube.com/watch?v=FW_LQqJk740