Whoops! Cash For Clunkers Payments Are Taxable

Pictured here is what everybody agrees is a "clunker" right? You won't believe what I found...

Remember, complete fools run our Government, scroll down....

businessinsider.com

Some of the drivers that bought new cars through cash for clunkers are learning that it wasn't quite the deal they hoped for. 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.
We imagine that MOST people didn't know the rebates were taxable. We certainly didn't.
I heard about this, but it took me awhile to find it. In the CARS program the "clunker" is to be destroyed as everyone now knows, below is a truly disgusting video, the destruction of what appears to be a perfectly fine black Corvette...



Photos of this "Clunker"


This is utter complete foolishness, then I remembered a person with zero prior experience is President of the United States.....