Quote:
Originally Posted by parahy
Apparently this is taxable income.
So you get taxed on incentives that are funded by your taxdollars...
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wrong, the consumer is not being taxed. The dealer has to pay taxes on it because for they are getting the money as part of a purchase, aka taxable.
This would be no different than offering a $4500 tax credit to the individual who then went and spent it on a car. The dealer would have to pay taxes on that part of the purchase.