Proving that Cash for Clunkers is the gift that keeps on giving…
But many of those cashing in on the clunkers program are surprised when they get to the treasurer's office windows. That's because the government's rebate of up to $4500 dollars for every clunker is taxable.
"They didn't realize that would be taxable. A lot of people don't realize that. So they're not happy and kind of surprised when they find that out," Nelson said.
That $4500 isn’t quite so $4500 anymore, now is it?
It just never seems to end – the unintended and unrealized consequences of C4C keep churning out and will do so for years.
Posts
2 comments:
Ha ha another government program screw up. Gee, what else do they have up their sleeves?
Government isn't always a failure and private enterprise isn't always a success, but that's the way to bet.
Speaking of which, will you be in Vegas for the start of college football?
Post a Comment