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THE COST OF FRENZIED TAX CHANGES
December 23, 2005
The Tax Policy Blog has two worthwhile posts up on "The Cost of Unstable Federal Tax Law."
The second post talks about how potential buyers of the Toyota Prius are waiting until January to buy the car because only purchases after December 31 qualify for the new hybrid car credit.
Of course, if these folks are subject to AMT in 2006, they are in for a nasty surprise: the credit doesn't count for AMT. If they are in AMT every year they may be better off closing the deal before year end to qualify for the current law clean fuel deduction.
Links:
The Cost of Unstable Tax Law
The Cost of Unstable Tax Law, Part II
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