Do you know the cash-for-clunkers rebate is taxable income? What if it puts some in a higher tax bracket? Ouch?

Ouch! Asked by Jenn*WeWinIn2010* 31 months ago Similar Questions: cash for clunkers rebate taxable income puts higher tax bracket Ouch Recent Questions About: cash for clunkers rebate taxable income puts higher tax bracket Ouch Business > Financial Planning.

Similar Questions: cash for clunkers rebate taxable income puts higher tax bracket Ouch Recent Questions About: cash for clunkers rebate taxable income puts higher tax bracket Ouch.

Yes, you can hear the evil Obama snicker ... Gotcha! Not only that, Are they really planning on paying back the dealers? So far they have not.

It is all another scam! I am keeping my clunker! .

1 Yep, it turns out that for dealerships, it is taxable income, and can put them in higher tax brackets. How much more can dealerships sustain and survive? When a dealership closes, how many jobs are lost, not to mention taxes lost that were paid toward the community?

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1 Yep, it turns out that for dealerships, it is taxable income, and can put them in higher tax brackets. How much more can dealerships sustain and survive? When a dealership closes, how many jobs are lost, not to mention taxes lost that were paid toward the community?

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Yep, it turns out that for dealerships, it is taxable income, and can put them in higher tax brackets. How much more can dealerships sustain and survive? When a dealership closes, how many jobs are lost, not to mention taxes lost that were paid toward the community?

2 I don't think you understand how tax brackets work. This user has been banned from Askville.

2 I don't think you understand how tax brackets work.

I don't think you understand how tax brackets work.

3 It is not taxed. goodfinancialcents.com/cash-for-clunkers... about the tax consequences? For any new government program, I would also be skeptical on the motives.

While I’m sure there are other motives, getting tax revenue directly from the vouchers is not one of them. The vouchers are not treated as taxable income. " .

It is not taxed. goodfinancialcents.com/cash-for-clunkers... about the tax consequences? For any new government program, I would also be skeptical on the motives.

While I’m sure there are other motives, getting tax revenue directly from the vouchers is not one of them. The vouchers are not treated as taxable income.

4 I'm with MightyCow. You seem to be under the impression that "tax bracket" means if you make over a certain amount, ALL of your money is taxed at a higher rate. It's not.

Please, do some research, educate yourself. Perpetuating myths like this not only makes you look like a fool, it spreads the ignorance to others.

I'm with MightyCow. You seem to be under the impression that "tax bracket" means if you make over a certain amount, ALL of your money is taxed at a higher rate. It's not.

Please, do some research, educate yourself. Perpetuating myths like this not only makes you look like a fool, it spreads the ignorance to others.

Is a sales rebate considered taxable income.

Was the cash for clunkers trade-in good for the tax payers.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.