'Cash for Refrigerators' Debuts in Fall. Really.

Real Clear Markets ^ | August 25, 2009 | Joe Walsh

[TruthWillWin]

Worse still, this program does not borrow one component from Clunkers that would actually have been effective: there is no requirement to take the old appliance offline.

Then it is easy to predict what will happen to the old ones. Many will just be resold, many will wind up in the garage to keep the beer cold.

To see a significant increase in energy consumption someone would have to be replacing a real old refrigerator. In about 1993 the effeciency standards were significantly improved, about the time R-22 freon was phased out.

[BuffaloJack]

Bammy, STOP giving my money away. I work hard for it. Stop giving it to your freeloader friends. It’s not yours to give.

[AppyPappy]

I need a new refrig.

[doodad]

Not just the money as income taxable, but the dealers are having to charge the sales tax on it as well.

[Tax-chick]

More votes bought and paid for.

[Tax-chick]

they will get a 1099 as will the shocked Cash for Clunkers will

Too bad, so sad.

[Madame Dufarge]

They bring good things to life.

[SES1066]

Another aspect of these programs - how do too-early buyers feel about having 'missed out' on these 'rebates'. I bought an old house last year, replaced the windows with insulated impact resistant ones, new refrigerator for a constantly running one and other such tasks. If I had just waited until after January 1st, I would have been much better off. What do I think; I am STEAMED at the Administration but I am STILL HAPPY that I did what I did for my own reasons.

In other words - I am NOT DRIVEN by idiot government, I am driven by my own enlightened self interest. What these programs do is to give incentive to the dim-bulbs to do those things that have some logic. Of course the government then turns around and taxes these rebates - gotch-ya!

[Madame Dufarge]

They won't receive a 1099, but more than likely will have to pay sales tax on the rebate amount.

Is the credit subject to being taxed as income to the consumers that participate in the program?

NO. The CARS Act expressly provides that the credit is not income for the consumer

Cash for Clunkers

[savedbygrace]

AFAICT, it’s called the Cash for Refrigerators Rebate Program.

I wonder if it’s anything like Staples’ Mail-in Rebate programs? Some 8 to 10 weeks later, if you haven’t received your rebate check, call this number to be abused by a an unmotivated, clueless $6/hr clerk whose job it is to convince you to give up trying to actually receive your rebate check.

Oh yeah, I woke up this morning and tol’ the wife the one thing that is missing in our lives is to be taxed more to pay for the federal government to give money to people without jobs who still want to buy stuff they can’t afford.

I live for these opportunities to serve Lord Obama.

[scooby321]

http://www.businessinsider.com/whoops-cash-for-clunker-participants-dont-realize-their-rebates-get-taxed-2009-8

Keloland Television: But many of those cashing in on the clunkers program are surprised when they get to the treasurer's office windows. That's because the government's rebate of up to $4500 dollars for every clunker is taxable.

[Diana in Wisconsin]

I’ve just been throwing our old refrigerators in the creek for the past 20 years, typical redneck gun and bible-clingin’ whitey that I am.

What a job that’ll be hauling them all out as trade-ins! ;)

[maggief]

Clunker refrigerators can be recycled to bury grandma.

[Diana in Wisconsin]

“All I ever wanted was a free pony anyway.”

You’ll find one under that pile of manure over there. Here’s a teaspoon...start diggin’, LOL! :)

[Diana in Wisconsin]

“I am driven by my own enlightened self interest.”

Amen to that.

[Oldexpat]

They are right. We need a new frig in our remodel..incentive and the old one goes to our garage for wine, beer and soda. Plus Costco backup.

[libertarian27]

Hmmmm, we were going to buy a new fridge this week....guess we’ll wait a while....that will help the economy...

When’s ‘cash for TV’s’ coming down the pike?

I was thinking about buying some new sheets for the beds, might as well wait for any discounts from the government.

The USA = ‘Out of Business Liquidation Sale’ “Everything Must Go”

[freebilly]

Let me know when the Cash 4 Hookers program gets instituted....

[ladyvet]

Dang it. Let me know when they get to dishwashers, mine sucks.

[stephenjohnbanker]

“So, what do you do when you have a poorly-conceived and ill-managed project winding down “

You repeat it, subsidize it, and expand it.