"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
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Cheers