Tax for Clunkers
Pay state sales tax on $4,500 cash for clunkers, free government money
By Warner Todd Huston —— Bio and Archives--August 26, 2009
American Politics, News | Comments | Back To Full Article
Yep, you read that right. In many states car buyers that turned in their “clunkers” for up to $4,500 off the cost of a new car are finding out that they have to pay state sales tax on the $4,500 too. And still others just might find out next year that they’ll have to pay income tax on that “free” government money.
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