Which is exactly what the program was supposed to do ---
On Wed, Nov 11, 2009 at 6:24 PM, Mitch Haley wrote:
>
> so everybody participating in CFC lost except the carmakers and the
> dealers (assuming the dealers didn't botch their CFC applications).
>
> Mitch.
>
--
OK Don
CONSERVATIVE, n. A
Those numbers are totally made up. Try these ones of what I'd imagine
you'd get trading in a $100 car like my '87 740 Turbo for a new Huyndai
Accent:
So let's do the final tally here:
You traded in a car worth: $100
You got a discount of: $4500
My take on this is that if you get more for a trade in than your basis, you've
got a capital gain. If you paid more for your trade in than you got for it,
you've got a nondeductible loss.
Unfortunately, it seemed like the manufacturer rebates went down by about $3000
on most cars when the CF
Well on the question of taxability, the real answer, as usual, appears to be
"maybe".
http://www.factcheck.org/2009/09/clunkers-credits-taxable/
Not federally taxable, but apparently it may be at the state/local level.
You also might not have gotten the usual offset on sales taxes that a trade-
No, I did not enjoy reading this garbage. Why? Because it is not true.
There is NO Federal Income Tax due.
Bandwidth is heavy these days, please check the facts.
On Tue, Nov 10, 2009 at 6:30 PM, LarryT wrote:
> Thought ya'll might enjoy this --
> The Plan, The Scam, The Man, Don't ya just love i
i think this is an important announcement about cash for clunkers
i'm not affiliated with cash for clunkers, btw
On Tue, Nov 10, 2009 at 9:30 PM, LarryT wrote:
> Thought ya'll might enjoy this --
> The Plan, The Scam, The Man, Don't ya just love it when a plan comes
> together?
>
> The Scam
> H
Thought ya'll might enjoy this --
The Plan, The Scam, The Man, Don't ya just love it when a plan comes
together?
The Scam
Here is what a learned friend had to say about Democratic Math. It's even
worse apparently than I first thought:
It's way worse than that. Ignore all the gas crap and j
