Quote:
Originally Posted by Dragoneye
Um...because even if they tax it at an unfathomable 50%, the purchaser just got free money to go buy a car.  I didn't do any math. |
Ummm.... you were aware that the majority of people who just got "free money" were blissfully unaware that it will be taxed as this was not widely reported. Come next April they will get a "Free Pickpocket" of money they may not actually HAVE at that time. Who knows, they may have to skip a few payments to pay their taxes and lose the car. Then they will have to go out and find a decent USED car that will be harder to get because most of them got CRUSHED and the rest of them everyone is reluctant to sell because they are hoping for the next brilliant clunker bill to come along.
PLUS...
Remember for a moment that if they got $4500 for a car that WAS worth $3000 in trade a few weeks ago and they get taxed 50% on that car then they wind up getting $2250 for their $3000 car.
Sweet deal.