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Massachusetts to add new tax break for millionaire car enthusiasts

Mass. buyers of the most popular luxury car will get state rebate
Mass. buyers of the most popular luxury car will get state rebate
Photo Courtesy of the Tesla Public Page

Let’s face it my good man, there has never been a better time to be a luxury car buyer in Massachusetts. In case you didn't hear about it, our favorite Governor, Deval Patrick, just announced that we millionaires are going to get a new kickback from the Commonwealth when we opt for a new super luxury car like the Tesla Model S or Cadillac ELR.

Even better, our old chum Deval knows that many of us are burdened with the alternative minimum tax. Heck, some of us aren’t even able to take advantage of the $7,500 federal tax deduction on our premium rides. That is the best thing about our newest special tax break. Deval is actually going to have the Commonwealth pay us our due at the dealership. No IRS forms necessary! The “proposal” he unveiled is for us to get back $2,500 when we buy a car like the Tesla Model S. As you and I both know, the Model S car is the top-selling luxury car in its price class ($75,000 to $ 125,000). The line to get one is huge too, so put in your reservation now. Deval’s new kickback to us will be in place by the time your ride is ready.

Listen my good man, this next part’s just between you, me, and the fence-post. The funniest part about this give-away is the pretense that the regular working folk will get this rebate too if they buy an every-man’s car like the Nissan Leaf. We know that isn’t true because the Leaf already has the lowest retained value of any vehicle according to the National Automobile Dealers Association (NADA). Suckers who already bought their Leaf this past year won’t get anything, but even those regular folks who buy one going forward won’t be able to enjoy the rebate because the depreciation just gets larger. So funny. Don’t let that get around, ok?

The taxpayers funding of our richly-deserved lifestyle has been on the down-low lately. Ever since luxury super car maker Fisker got caught having the taxpayers of Maryland foot the bill for its utilities we've had to keep the slush-funds quiet.

Let’s face it, a new tax-break for we folks that enjoy the finer things is overdue. Spring is here and those clubs need re-gripping. If the mizzus already got you new clubs, consider adding the rear seat cupholders for your Model S. They run about $665, but with that huge rebate courtesy of Deval you will still have plenty of dough left over to buy the gang at the country club a round of old ‘fashioneds.