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Cash for flunkers program

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Old Sep 16, 2009 | 01:00 PM
  #31  
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Originally Posted by FunRide

Finance piece is in reference to clunkers being tied to financing....as in credit from the banks, not government finances in general.

Gotcha.

Although as much money as the government has thrown at banks and the auto industry, you kinda wonder.
 
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Old Sep 16, 2009 | 01:16 PM
  #32  
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Originally Posted by Scootergptx
Gotcha.

Although as much money as the government has thrown at banks and the auto industry, you kinda wonder.
Bonuses anyone?
 
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Old Sep 16, 2009 | 01:51 PM
  #33  
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Originally Posted by FunRide
Pirate Guy, Did you see any quotes around my comments, no. Nobody is putting words in his mouth.
No, you're just adding them to his comments!
And what's with the "Pirate Guy"? That's not my screen name.
 
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Old Sep 16, 2009 | 01:59 PM
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Originally Posted by Red400EXRod
Try Federal Income Tax!
......the Cash for Clunkers dollars is taxed as INCOME!!!!
Not every state has State Income Tax but everyone has Federal Income Tax
WRONG

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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Old Sep 16, 2009 | 02:04 PM
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Originally Posted by FunRide
Where did you get the idea that government (state, local, national) is supposed to be profitable and run in the "black".
Thanks to the USA, the Chinese Govt runs in the black..
 
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Old Sep 16, 2009 | 02:33 PM
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Originally Posted by mywifesquad
Thanks to the USA, the Chinese Govt runs in the black..
Brings a whole new meaning to operating in the red.
 
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Old Sep 16, 2009 | 03:58 PM
  #37  
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that program was bullshit. they should of made people purchase a vehicle from a a manufacturer that pays taxes in the US. not any of those foreign ******** that are tax exempt.
 
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Old Sep 16, 2009 | 04:12 PM
  #38  
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From the Consumerist. (blame them for the double numbers)



Here are the most popular new cars:
  1. 1. Toyota Corolla
  2. 2. Honda Civic
  3. 3. Ford Focus
  4. 4. Toyota Camry
  5. 5. Hyundai Elantra
  6. 6. Toyota Prius
  7. 7. Nissan Versa
  8. 8. Ford Escape FWD
  9. 9. Honda Fit
  10. 10. Honda CR-V AWD
And the most popular trade-ins:
  1. 1. Ford Explorer 4WD
  2. 2. Ford F150 Pickup 2WD
  3. 3. Jeep Grand Cherokee 4WD
  4. 4. Jeep Cherokee 4WD
  5. 5. Ford Explorer 2WD
  6. 6. Dodge Caravan/Grand Caravan
  7. 7. Chevrolet Blazer 4WD
  8. 8. Ford F-150 Pickup 4WD
  9. 9. Chevrolet C1500 Pickup 2WD
  10. 10. Ford Windstar
 
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Old Sep 16, 2009 | 07:08 PM
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Originally Posted by mywifesquad
Thanks to the USA, the Chinese Govt runs in the black..
They're Pinko Commies for god's sake. Of course they're in the black. State controls everything and takes all the money.
 
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Old Sep 16, 2009 | 07:11 PM
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Originally Posted by xFreebirdx
that program was bullshit. they should of made people purchase a vehicle from a a manufacturer that pays taxes in the US. not any of those foreign ******** that are tax exempt.
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.
 
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