View Mobile Site

Ask the Expert

Signal Photos


Obama and Congress give free golf carts

Posted: October 20, 2009 5:16 p.m.
Updated: October 21, 2009 4:55 a.m.
The deficit is $1.42 trillion and the Los Angeles County jobless rate is 12.7 percent, while President Barack Obama’s and Congress’ idea of help is to provide a free golf cart to the country club set.

As reported by the Wall Street Journal: A federal tax credit provides from $4,200 to $5,500 for the purchase of an electric vehicle, (which includes golf carts) and when it is combined with similar incentive plans in many states the tax credits can pay nearly the entire cost of a golf cart.

A golf cart dealer in Villages of Lady Lake, Florida is running an online banner ad that declares: Get a free golf cart. Or make $2,000 doing absolutely nothing!

He’s offering to sell you a golf cart for $8,000, for which you get a $5,300 tax credit off your 2009 income tax, and lease the cart back to him for 27 months at $100 per month, at which time he will buy back the cart for $2,000.

This means you own a free golf cart or make $2,000 cash doing absolutely nothing! You can’t blame the guy for exploiting loopholes that Obama and Congress offer.

In addition, the IRS has ruled there is no limit on how many electric cars an individual can buy.

So please keep working hard and pay your increasing taxes with a smile so Obama and  Congress can provide the basic right of free green fees, clubs and of course, balls.  

Don’t worry if you don’t know how to play golf because free golf lessons will soon be an entitlement.  


Most Popular Articles

There are no articles at this time.
Commenting not available.
Commenting is not available.


Powered By
Morris Technology
Please wait ...