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Offline Freeper

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Some Surprised By 'Clunker' Tax
« on: August 25, 2009, 01:50:50 PM »
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Craftsman  (428 posts) Click to send private message to this author  Click to view this author's profile  Click to add this author to your buddy list  Click to add this author to your Ignore list      Tue Aug-25-09 02:38 PM
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Some Surprised By 'Clunker' Tax
   
The Cash For Clunkers program is adding to the activity at treasurers' offices all around South Dakota. First, people were asking for proof of ownership, so they could show they owned their vehicle for a full year, allowing them to cash it in. Now, they'll be returning to register their new vehicle. And when they do, new owners need to bring every bit of paperwork provided to them by their dealer.

"That means they need their title, their damage disclosure, their bill of sale and the dealers have 30 days to get that to them," Minnehaha County Treasurer Pam Nelson said.

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.

For now, the biggest impact of the program hasn't hit this office yet, as most of the paperwork is still in the hands of the dealers. But Nelson expects to see move activity in her office in the next month.

http://www.keloland.com/NewsDetail6162.cfm?Id=0,89084

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x6388018

You would think an honest and forthright guy like Obama would have mentioned, that it's taxable, to folks.  :lmao:

And they can't figure out why us nut jobs on the right do not trust him with our health care.  :whatever:


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I may not lock my doors while sitting at a red light and a black man is near, but I sure as hell grab on tight to my wallet when any democrats are close by.

Offline Karin

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Re: Some Surprised By 'Clunker' Tax
« Reply #1 on: August 25, 2009, 03:41:47 PM »
At 20%, that's $900, quite a lot of money.  Another $250 for NY, plus NY sales tax of say $2,325 for the new, and OH BOY what a great program. 
Don't have the $900?  Well then, here's a nice penalty each month and interest each month.  Happy Driving! 
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Offline JohnnyReb

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Re: Some Surprised By 'Clunker' Tax
« Reply #2 on: August 25, 2009, 05:44:45 PM »
Quote from: Karin on August 25, 2009, 03:41:47 PM
At 20%, that's $900, quite a lot of money.  Another $250 for NY, plus NY sales tax of say $2,325 for the new, and OH BOY what a great program. 
Don't have the $900?  Well then, here's a nice penalty each month and interest each month.  Happy Driving! 

Kicking DUmmie envy mode into overdrive.

Since it was a gift from "The One", I hope they tax it as such...say 40%

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Offline MrsSmith

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Re: Some Surprised By 'Clunker' Tax
« Reply #3 on: August 25, 2009, 05:50:52 PM »
Just like the tax rebate for First Time Homebuyers has to be repaid for 10 years.  Poor DUmmies...even Pres. O won't give them anything for free.
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Offline thundley4

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Re: Some Surprised By 'Clunker' Tax
« Reply #4 on: August 25, 2009, 05:58:22 PM »
Quote from: MrsSmith on August 25, 2009, 05:50:52 PM
Just like the tax rebate for First Time Homebuyers has to be repaid for 10 years.  Poor DUmmies...even Pres. O won't give them anything for free.

Just wait until the DUmmies find out that any and benefits used under 0BamaCare will be taxed.  :fuelfire:
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Offline jukin

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Re: Some Surprised By 'Clunker' Tax
« Reply #5 on: August 25, 2009, 08:18:01 PM »
HAHAHAHAHAHAHAHAHAHHAHAHAHAHA!!!!!

Still no free lunch.  I up my percentage of defaults from C4C to 25% within six months and 40% in a year.
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Offline Tantal

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Re: Some Surprised By 'Clunker' Tax
« Reply #6 on: August 25, 2009, 11:44:26 PM »
Quote from: jukin on August 25, 2009, 08:18:01 PM
HAHAHAHAHAHAHAHAHAHHAHAHAHAHA!!!!!

Still no free lunch.  I up my percentage of defaults from C4C to 25% within six months and 40% in a year.
Probably not. Lenders have become far more particular about credit than they were previously.
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Offline Tucker

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Re: Some Surprised By 'Clunker' Tax
« Reply #7 on: August 26, 2009, 06:22:31 AM »
I love it. :lmao:

Because of Fat Teddy's timely demise, I wasn't going to the island today. Guess I gotta row over.
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