Cash for flunkers program
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As a consumer, you won’t owe taxes to the Federal government for the credit you received as a result of the Cash for Clunkers trade-in. The official program website, Cars.gov is very specific about this. See this excerpt from their FAQs:
“Is the credit subject to being taxed as income to the consumers that participate in the program? NO. The CARS Act expressly provides that the credit is not income for the consumer.”
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Administrator¿
Resident Killer!
"A little nonsense now and then, is relished by the wisest men". Willy Wonka: 1971
Cigars! Earth ne'eer did breed such a jovial weed.
A Tiger Doesn't Lose Sleep Over Opinions of Sheep
Resident Killer!
"A little nonsense now and then, is relished by the wisest men". Willy Wonka: 1971
Cigars! Earth ne'eer did breed such a jovial weed.
A Tiger Doesn't Lose Sleep Over Opinions of Sheep
Joined: Jan 2006
Posts: 54,737
Likes: 5
From: Landrum, South Carolina, elevation 986'
#38
From the Consumerist. (blame them for the double numbers)
Here are the most popular new cars:
Here are the most popular new cars:
- 1. Toyota Corolla
- 2. Honda Civic
- 3. Ford Focus
- 4. Toyota Camry
- 5. Hyundai Elantra
- 6. Toyota Prius
- 7. Nissan Versa
- 8. Ford Escape FWD
- 9. Honda Fit
- 10. Honda CR-V AWD
- 1. Ford Explorer 4WD
- 2. Ford F150 Pickup 2WD
- 3. Jeep Grand Cherokee 4WD
- 4. Jeep Cherokee 4WD
- 5. Ford Explorer 2WD
- 6. Dodge Caravan/Grand Caravan
- 7. Chevrolet Blazer 4WD
- 8. Ford F-150 Pickup 4WD
- 9. Chevrolet C1500 Pickup 2WD
- 10. Ford Windstar
#40
I was wondering how the hell Toyota got like 60% of the total winnings. I guess since they're made here and employ American workers (who were not laid off) they get a big part of the pie. They make nice cars and people buy 'em up.