acklac7 Posted August 28, 2009 Report Share Posted August 28, 2009 Just wanted to add that I am a moderate lefty who voted for Mccain and I think the whole Cash For Clunkers deal is a downright joke (to say the least). All I was trying to do in my previous post was state the facts A.J. Link to comment Share on other sites More sharing options...
WarrenJ Posted August 28, 2009 Report Share Posted August 28, 2009 Just wanted to add that I am a moderate lefty who voted for Mccain and I think the whole Cash For Clunkers deal is a downright joke (to say the least). All I was trying to do in my previous post was state the facts I'll say it again . . . Our government borrowed money to pay citizens to DESTROY wealth! I cannot imagine how anyone even remotely approaching sanity might think that a good idea. Regards, Warren I'll say it again . . . Our government borrowed money to pay citizens to DESTROY wealth! I cannot imagine how anyone even remotely approaching sanity might think that a good idea. Regards, Warren I'll say it again . . . Our government borrowed money to pay citizens to DESTROY wealth! I cannot imagine how anyone even remotely approaching sanity might think that a good idea. Regards, Warren I'll say it again . . . Our government borrowed money to pay citizens to DESTROY wealth! I cannot imagine how anyone even remotely approaching sanity might think that a good idea. Regards, Warren I'll say it again . . . Our government borrowed money to pay citizens to DESTROY wealth! I cannot imagine how anyone even remotely approaching sanity might think that a good idea. Regards, Warren I'll say it again . . . Our government borrowed money to pay citizens to DESTROY wealth! I cannot imagine how anyone even remotely approaching sanity might think that a good idea. Regards, Warren There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises Link to comment Share on other sites More sharing options...
WarrenJ Posted August 28, 2009 Report Share Posted August 28, 2009 WOW! I can't even begin to imagine how I did that that that that that that. Howsomever, I meant it! Regards, Warren There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises Link to comment Share on other sites More sharing options...
gemmichelle11 Posted August 28, 2009 Report Share Posted August 28, 2009 I just heard on TV that the $4500 received for clunkers will be taxed as regular income..... surprise, surprise, surprise In order for this to happen, the dealerships that participated in the program would have to report the allowances given under the program on Form 1099s. A copy would be sent to the IRS and a copy would be sent to the participants to file with their income tax returns for the Year 2009. During the transactions, the customers would have had to give their social security numbers. I don't personally know anyone who purchased a new car under the "Cash for Clunkers" program. To me, it doesn't seem as if the $4,500 would be "income", for the reason that a car was given in exchange for the money. This is just my own logic, but I would be interested to see how this works. Link to comment Share on other sites More sharing options...
BodybyFisher Posted August 28, 2009 Report Share Posted August 28, 2009 I just heard on TV that the $4500 received for clunkers will be taxed as regular income..... surprise, surprise, surprise In order for this to happen, the dealerships that participated in the program would have to report the allowances given under the program on Form 1099s. A copy would be sent to the IRS and a copy would be sent to the participants with their income tax returns for the Year 2009. During the transactions, the customers would have had to give their social security numbers. I don't personally know anyone who purchased a new car under the "Cash for Clunkers" program. To me, it doesn't seem as if the $4,500 would be "income", for the reason that a car was given in exchange for the money. This is just my own logic, but I would be interested to see how this works. That it would be taxed WAS reported on Fox News. Googling it, it appears to be a rumor floating around, as I noted. Pre-1995 - DTC codes OBD1 >> 1996 and newer - DTC codes OBD2 >> https://www.obd-codes.com/trouble_codes/gm/obd_codes.htm How to check for codes Caddyinfo How To Technical Archive >> http://www.caddyinfo.com/wordpress/cadillac-how-to-faq/ Cadillac History & Specifications Year by Year http://www.motorera.com/cadillac/index.htm Link to comment Share on other sites More sharing options...
gemmichelle11 Posted August 28, 2009 Report Share Posted August 28, 2009 That it would be taxed WAS reported on Fox News. Googling it, it appears to be a rumor floating around, as I noted. It's a good think the rumor wasn't started during the program! It might not have been quite as successful had people believed they were going to have to pay income tax on the money! My husband heard that so many dealerships still aren't being paid for the clunkers they took as trades. Link to comment Share on other sites More sharing options...
Ed Hall Posted August 28, 2009 Report Share Posted August 28, 2009 Here's another video to watch to remind us how stupid and wasteful this program is. Link to comment Share on other sites More sharing options...
Texas Jim Posted August 28, 2009 Report Share Posted August 28, 2009 Here's another video to watch to remind us how stupid and wasteful this program is. That is a shame. That looked like a real nice car. Link to comment Share on other sites More sharing options...
JimD Posted August 29, 2009 Report Share Posted August 29, 2009 Somebody out there voted for an undefined "CHANGE" in November, 2008. Well, duck and cover voters because the C4C program is/was simply the first paragraph of this saga of the definition of "CHANGE". The next opportunity to stop similar future insanity is November 2, 2010 (MA voters might have an opportunity in 2009). Jim Drive your car. Use your cell phone. CHOOSE ONE ! Link to comment Share on other sites More sharing options...
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