Riddle me this:
Why is there a federal tax credit for buying a new hybrid car (more info: http://www.irs.gov/newsroom/article/...157632,00.html), but no tax credit for having no car at all?
If the goal is environmental conservation we shouldn't be encouraging people to ditch their old cars and get new hybirds because a lot of the environmental damage associated with automobiles occurs during the manufacture. Plus I'm fairly certain that the fuel economy of my bike is better than most any car out there.
Imagine being able to go to the DMV to get an official document that states that for the year 2007 you had no vehicles registered in your name. Then, you could include said document in your Federal tax return and, Voila! "A tax credit is subtracted directly from the total amount of federal tax owed, thus reducing or even eliminating the taxpayer’s tax obligation."
I'm trying to decide whether or not to write my congressperson, but I wanted to know what you guys think.