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Thread: Cash for clunkers benefits foreign automakers

  1. #51
    Senior Member YardleyLabs's Avatar
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    Quote Originally Posted by Bob Gutermuth View Post
    Under the heading of There ain't no free lunch: according to a news blurb the other nite, those who got cash for their clunkers will have to reprot it as income on their 09 tax retrun. The govt giveth and the govt taketh away.
    As I understand it, there is no liability for Federal taxes, but each state will have to determine if the rebate is subject to state income taxes.

  2. #52
    Senior Member Bob Gutermuth's Avatar
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    Jeff you are correct http://www.associatedcontent.com/art...ome_rumor.html

    Another reason I don't believe very much of what the govt run media says.
    Bob Gutermuth
    Canvasback Chesapeakes
    ROLL TIDE!

  3. #53
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    Quote Originally Posted by zeus3925 View Post
    Hey dude, just like every one else in the middle class I got soaked damn good and heavy on taxes for the last 50 years. Some of it went for a lot more foolish stuff than CFC. About time I got some of it back. Feel guilty?--Hell No!
    Sarge, so I guess your complaint on taxes means you didn't think the Bush tax cuts were enough?

  4. #54
    Senior Member zeus3925's Avatar
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    Quote Originally Posted by Mike Noel View Post
    Sarge, so I guess your complaint on taxes means you didn't think the Bush tax cuts were enough?
    I'm not in the tax bracket where they had much of an impact.
    Last edited by zeus3925; 08-31-2009 at 08:13 AM.
    Zeus

    I don't want to feed an ugly dog!

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