On Thu, 27 Aug 2009 22:06:53 -0400, "Martin Riddle"
wrote:
"Jim Thompson" wrote in
message ...
Laugh of the day...
It was just on the news: $4500 rebate you got on the "Cash for
Clunkers" program... is taxable income... Bwahahahahahahaha ;-)
...Jim Thompson
--
Apparently this is false, but who knows.
Here's the Bill, http://www.opencongress.org/bill/111-h2751/text
(2) FOR PURPOSES OF TAXATION- A voucher under this Act, or any payment
made for such a voucher pursuant to subsection (a)(3), shall not be
considered as gross income of the purchaser of a vehicle under this Act
for purposes of the Internal Revenue Code of 1986.CommentsClose
CommentsPermalink
Cheers
I didn't bite, I kept my guzzler. But the Federalies said, today,
that it _is_ taxable. I was just enjoying the thought ;-) My guess
is that, somewhere else, it defines "rich", and screws them.
...Jim Thompson
--
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Obama: A reincarnation of Nixon, but without ANY scruples,
masquerading in politically-correct black-face.