In my case, I printed the tax codes and the news story posted on this site, I will simply hand it over to my accountant, together with all the 02 tax bundles, and he will figure out everything. I did not know about this tax issue when I bought Hummer, if nothing else, this single issue(if and when proven to be true and correct) has made my participation at this Hummer forum well worth the time and effort, not to mention the pleasure of making Hummer friends.
Based on first year tax credit of $24000 + additional first year depreciation of approx. $2000, total $26000, gas at $1.60 a gal., that is 162,500 miles of free gas, courtesy of Uncle Sam.
Or if you take the tax saved off the Hummer price, Hummer is even cheaper than those Japanese econo boxes.
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