MaggieMae
Reality bits
- Apr 3, 2009
- 24,043
- 1,635
- 48
Well it shouldn't come as a surprise to anyone...
It's income... and it's part of the value exchanged which calculates sale tax.
Those who live in states which tax income, will be paying the sales tax on the 4500 and will no doubt be adding that 4500 to their income for both state and federal taxation.
Ain't socialism grand?
Now the cool part is, that when your 'free health-care' comes to pass, you'll be taxed on both state and federal levels... for every inflated cent of it.
But remember... The BOY King promised to not raise your taxes ONE CENT!
Hey Yogi! It's Deja vu all over again!
Ya have to understand that the ideological left is effectively a cross between PMS and GPS...
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A crazy bitch that can find you anywhere...
ROFL...
Leftists...
NO DOUBT the CONS will just keep repeating this lie no matter how many times the truth is posted in the same thread. And then projecting conclusions based on this lie.
CARS.gov - Car Allowance Rebate System - Helpful Q&As for Consumers - Formerly Referred to as “Cash for Clunkers”
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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You're correct. It's all over the Internet that this is a tax that must be reported as income.