Really??? I will believe you if you also want to give up your mortgage tax deduction??? A clear credit to the real estate industry, and wealthy people who can afford to buy a house from the taxes from less well off who rent.
Ridiculous Review of the Clarity
- Thread starter LAF
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craze1cars
Well-Known Member
@LAF, that's twice you asked that question...with multiple question marks. Once to me and now to @HagerHedgie. Maybe I owe you an answer since it seems you're quite curious, and we've gone full blown off topic already anyway...so why not stir the pot once more:
My answer is yes. Indeed I am not in favor of the Mortgage tax deduction, much like I'm not in favor of the electric car credit, much like I'm not in favor of subsidies to oil companies that for some reason were railed about earlier, etc...
Certainly I accept them and take them when I qualify because they're there, and I feel it's silly to not take free money that's offered up to me. The mere fact that I legitimately and legally erased 100% of my federal tax liability for 2018 is sheer lunacy to me, despite reporting a very solid income and being more than capable of paying into the coffers. And to me that illustrates just how severely our tax system is broken. It won't repeat, because those circumstances I had last year won't repeat and it was a very unique tax year for me. But it happened. I paid zero federal dollars in taxes all last year. Legally. It would pass an audit. About 50% of Americans did the same last year. And I feel that's beyond stupid that we have a tax system that allows this to happen.
So the truth is I'm not in favor of the credits and deductions, and would love to see them all given up and "reset" to zero all at once...and see where it takes us.
I am also open minded enough to admit I don't know the best answer to taxes. Flat federal sales tax on all non-essential product and/or service sales maybe? Maybe not. But I'd truly love to see the bandaid ripped off and a total tax structuring reset, and much of it would start with eliminating almost all subsidies, credits, and deductions for most every entity and person except the truly needy/disabled/ultra low/zero income individuals. And no I don't know how to establish those threshholds, and I fully am aware it's a complex issue with no quick and easy answers.
If only I were emperor...then the world would be a horrifyingly complex and difficult place...but in a MUCH different way than it is today!
My answer is yes. Indeed I am not in favor of the Mortgage tax deduction, much like I'm not in favor of the electric car credit, much like I'm not in favor of subsidies to oil companies that for some reason were railed about earlier, etc...
Certainly I accept them and take them when I qualify because they're there, and I feel it's silly to not take free money that's offered up to me. The mere fact that I legitimately and legally erased 100% of my federal tax liability for 2018 is sheer lunacy to me, despite reporting a very solid income and being more than capable of paying into the coffers. And to me that illustrates just how severely our tax system is broken. It won't repeat, because those circumstances I had last year won't repeat and it was a very unique tax year for me. But it happened. I paid zero federal dollars in taxes all last year. Legally. It would pass an audit. About 50% of Americans did the same last year. And I feel that's beyond stupid that we have a tax system that allows this to happen.
So the truth is I'm not in favor of the credits and deductions, and would love to see them all given up and "reset" to zero all at once...and see where it takes us.
I am also open minded enough to admit I don't know the best answer to taxes. Flat federal sales tax on all non-essential product and/or service sales maybe? Maybe not. But I'd truly love to see the bandaid ripped off and a total tax structuring reset, and much of it would start with eliminating almost all subsidies, credits, and deductions for most every entity and person except the truly needy/disabled/ultra low/zero income individuals. And no I don't know how to establish those threshholds, and I fully am aware it's a complex issue with no quick and easy answers.
If only I were emperor...then the world would be a horrifyingly complex and difficult place...but in a MUCH different way than it is today!
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One mans lobbyist is another mans advocate. It just depends on with whom you agree.
HagerHedgie
Member
The rate would go down significantly without all these credits. I’m fine with that. Also saves tons of money in compliance and accounting.
Mortgage interest credit is nice but I would still favor a super simple tax code.
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Ray B
Active Member
I finally found a specification table on Honda's Japanese site, that lists the maximum power of the generator at 65 kW (=87 hp).
Very close guess, @Landshark.
That still leaves the question of 212 hp, which if we all agree with 121 hp available from the EV battery and 87 hp from the engine/generator, then we have ~208 hp in theory, but my sticking point is still that is limited to pass through a 181 hp drive motor. Unless we agree that 181 hp is the stated operating limit at constant power, and a higher output is possible for limited time.
But I think this is all hypothetical since there may be only limited circumstances where someone is going to need >>181 hp. But I am open to differing viewpoints.
Thanks. It was actually a calculation rather than a guess.
It is within the ability of the 181hp motor to produce 212hp for brief periods. Combined electrical output from the generator and battery appears to be sufficient to produce a HP number very close to the stated rating.
Generators also have peak and continuous output ratings, so it’s possible that the missing 4hp can be found within the peak output rating of the generator.
I’m not a direct descendant of the Princess and the Pea, so I couldn’t tell you which of two different cars produced 208 v 212 hp in every day driving.