You can bet your ass they're lobbying hard for it. They're going to blow through the remaining 200,000 soon just with the Lightning and Mach-E alone. If they launch the Escape/Explorer/Whatever next year then they'll be in trouble for 2023.
current estimates put Ford hitting 200,000 cap sometime next year, possibly as late as Q4 depending on delivery delays. They would have 2 quarters post-200,000 before phase out begins so a good portion of first day reservations should see the 7500 discount if BBB dies.
Through October Ford sold 21,703 MME in US. So definitely not "any day now".
I think the estimates you are spouting are way off. There were 50,000 reservations for the MME in April, those will get filled before the F150L even starts production and that still doesn’t include all the PHEV sales. The tax credit might survive 2022 at in part but that would only cover no more than 20,000 of the 160,000 F150L reservations.
Why not? I know Ford passed the 100,000 mark around 2017 and they have been selling PHEVs ever since then. I don’t know how many plugins Ford has sold so far and I’m sure you don’t either.
You do know they publish this data and also furnish this data to the IRS...don't you?
Yes, but the ones going to Canada and Europe, don't count toward 200K.
Just don't plan on getting a credit (or getting a reduced one at best) if you weren't a day 1 reservation holders at this point.
You are way off if you think salt only effects 1%. in nj salt can effect just about everyone. 41% have property tax bills over 10,000. there are at least 12 states were 27% or more of its residence get double taxed by SALT
Not what I said, needing $80k in property tax or local/state tax writeoffs will only apply to the upper of the upper 1%. Capping SALT at $40-50k would be grabbing most of the targeted 'under $400k married filed jointly' tax brackets. NY has one of the highest SALT eligible rates at 13% so that would be a $400k income level. I'm in a very highly taxed part of Texas, paying just over 3% annually in property taxes so I understand needing SALT increases but not an 8X rise.
Agree with that. i misunderstood what you said to mean the current salt limit only effects upper upper, not the propoaed $80k limit. I agree that you can cover the average joes in high tax rate states with a lower limit. somewhere in ~30k-40k range maybe and dont need to go much higher.
That’s a spot on assessment IMO. Hopefully Pelosi will put a smaller cap in there. I‘m not in a state with high property tax rates, but assessments have gotten so high that it’s a bit of a butt kickin’.
