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That's because in 2006, you get a CREDIT. At least until the next 2 quarters following the quarter where Toyota sells 60K hybrids.
 

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DanMan32 said:
That's because in 2006, you get a CREDIT. At least until the next 2 quarters following the quarter where Toyota sells 60K hybrids.
Yep...the 2006 has a HUGE advantage over the 2005 in this way...this year, you only get to reduce your taxable income by $2000. Next year, you get to subtract the number off the total amount you owe AFTER calculating. For most people, that only works out to paying a couple hundred less in federal taxes this year. 2006 buyers are going to pay the full $2000 less on their taxes until the limit is reached.
 
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