Cash for Clunkers - Good or Bad Idea?

4110 messages, Last post on Nov 23, 2009 at 11:42 AM

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#3986 of 4110 Re: Cash for Clunkers for the Rich ! [gagrice] by kdhspyder Nov 02, 2009 (11:23 am)
Replying to: gagrice (Nov 01, 2009 8:00 pm) True this. We have to look at the year as a whole. In the first 6 months SAAR was looking like it would be 9.5 to 10 MM units from all reports including Edmunds article.
#3987 of 4110 Re: White House and Obama lash out at Edmunds for CFC info ! [kdhspyder] by gagrice Nov 02, 2009 (1:30 pm)
Replying to: kdhspyder (Nov 02, 2009 11:12 am) the withholding for that person jumps up as if he or she made $10000 every month. I am very familiar with that flaw in the tax system. I worked 3 weeks straight then was off 3 weeks straight without pay. So when they did our tax deduction it appeared that I made twice as much as I actually made. You have a couple options. Let Sam hold your money and get it back at the end of the year or change your dependents to compensate. Now getting back to the amount actually coming back in taxes. The salesman makes $1000 on a $20k car. 20% of that was a gift from the government. That means the taxes you pay going back to the IRS is in the area of $60 per C4C sale. The dealer may kick in some if he has a poor CPA which is doubtful and sales tax in the few states that collected it. I'm happy that you were given a little extra by C4C. That still does not make it good for America. Far more people are out of work in the housing industry as a result of the recession. Nothing in the Stimulus will help them. The First time home buyer credit went mainly to foreclosed houses the banks were willing to finance.
#3988 of 4110 Re: White House and Obama lash out at Edmunds for CFC info ! [srs_49] by kdhspyder Nov 02, 2009 (2:23 pm)
Replying to: srs_49 (Nov 02, 2009 5:17 am) The purpose of the speculation was to show how wide-ranging the effects of the stimulus was. It was in no way meant to be all-inclusive. It was meant only to show a few examples of how many different benefits could be developed. It showed several example of 'where the money went'. Yes a good part of the bump in earnings may have gone to catching up on or getting ahead of debt. Replies to this message: srs_49 (Nov 02, 2009 2:27 pm) kdhspyder (Nov 02, 2009 2:30 pm)
#3989 of 4110 Re: White House and Obama lash out at Edmunds for CFC info ! [newdavidq] by kdhspyder Nov 02, 2009 (2:25 pm)
Replying to: newdavidq (Nov 02, 2009 7:43 am) Guess who's first in line with his hand out when companies make profits? Uncle Sam. Replies to this message: nbdeuce (Nov 02, 2009 6:35 pm) bpraxis (Nov 02, 2009 7:19 pm) kdhspyder (Nov 02, 2009 8:27 pm) nbdeuce (Nov 03, 2009 3:08 am) and 3 more... andre1969 (Nov 03, 2009 5:43 am)
#3990 of 4110 Re: White House and Obama lash out at Edmunds for CFC info ! [kdhspyder] by srs_49 Nov 02, 2009 (2:27 pm)
Replying to: kdhspyder (Nov 02, 2009 2:23 pm) Correction - "The purpose of the speculation was to show how wide-ranging the effects of the stimulus ~~was~~ could be" Replies to this message: kdhspyder (Nov 02, 2009 2:30 pm)
#3991 of 4110 Re: White House and Obama lash out at Edmunds for CFC info ! [srs_49] by kdhspyder Nov 02, 2009 (2:30 pm)
Replying to: srs_49 (Nov 02, 2009 2:27 pm) In some cases was and in some cases could be, agreed.
#3992 of 4110 Re: it's all good [nbdeuce] by explorerx4 Nov 02, 2009 (4:05 pm)
Replying to: nbdeuce (Nov 02, 2009 3:01 am) when i look at the newpaper ads and check incentives, etc, i see some good deals. depending on what vehicle you are looking at, i guess sticker could be the asking price. so what are you looking at?
#3993 of 4110 Re: White House and Obama lash out at Edmunds for CFC info ! [kdhspyder] by nbdeuce Nov 02, 2009 (6:35 pm)
Replying to: kdhspyder (Nov 02, 2009 2:25 pm) The vast majority of S&P500 companies recoupe all and then some of taxes paid with off-setting loop-holes, wright-offs and other accounting trickery!!!!! Replies to this message: bpraxis (Nov 02, 2009 7:19 pm) kdhspyder (Nov 02, 2009 8:27 pm) nbdeuce (Nov 03, 2009 3:08 am) kernick (Nov 03, 2009 7:40 am) and 1 more... andre1969 (Nov 03, 2009 5:43 am)
#3994 of 4110 Re: White House and Obama lash out at Edmunds for CFC info ! [nbdeuce] by bpraxis Nov 02, 2009 (7:19 pm)
Replying to: nbdeuce (Nov 02, 2009 6:35 pm) To nbdeuce: Hello and if your premise is ture, then what do you suppose the reason is that so many companies and entrepreneurs are leaving the US? ( There have been many articles in the mainstream press such as Barons providing detail ) I for one would love to live in a country where government is much smaller so politicians are irrelevent in our lives. Poly: (many) Tics: (parasites)