[RE-wrenches] more on tax credits

[Howie Michaelson]

On Mon, January 5, 2009 10:36 pm, Carl Adams wrote:
> Peter has it exactly right.  I just had a conversation with a local IRS
> employee who's official job title is "Taxpayer Advocate"

Sorry for being obtuse - I can't quite figure this out.  My quick take
would be that if your marginal tax rate is greater than 30% you would want
to take the rebate first then calculate the 30% tax credit, if less than
30% than calculate the credit on the full cost and treat the rebate as
income.  What am I missing?

Thanks,
Howie
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Howie Michaelson
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