Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Truth is that most owners of Hummers could afford to eat the difference between blue book and what they can sell it for: it is about the actual value of the tax break they got for buying it.  My accountant showed me how a married person making $125,000/year could qualify for the earned income tax credit by buying a Hummer, with the tax incentives then in effect.  I believe that was in 2007.

Far from them needing breaks, we have already given them breaks at the IRS.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Jun 22nd, 2008 at 12:38:33 AM EST

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