Thread: taxs on cash for clunkers
View Single Post
Old 11-21-2009, 10:03 PM   #3
mechmike0034
aka the keg killer
 
mechmike0034's Avatar
 
Join Date: Dec 2002
Location: Ala-effin'-bama!
Posts: 2,738
From the cars.gov website, FAQ section:

Quote:
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.
__________________
"The price of progress is trouble." (C. F. "Boss" Kettering)
"50% of the American public has below-average intelligence. 70% of the American public now has regular access to the Internet. Do the math." (unknown)
mechmike0034 is offline   Reply With Quote