Did you here about Oprah’s big car give-away a few days back? Every audience member got a new car for free. Oprah didn’t pay for them—General Motors did, as a promo.
But now the new owners are finding out (after many of them have driven around in them, no doubt), that they have a $7,000 tax bill to pay on the car.
… Someone in the 15% federal bracket (making, say, $28,000 as an individual, or $56,000 if filing jointly) and a 5% state bracket who gets a $30,000 car (the figure for the G6 is about $28,500) will owe an extra $6,000 in taxes. For a single earner in the 33% bracket kicking in at $143,500, the car adds $12,000 in tax.
Read more…
Writer and Executive Editor for ProudToBeCanadian.ca.
PTBC was founded by Mr. Johannesen in 2000.
Contact Mr. Johannesen about this article using this form. Please refer to article's title.
FOLLOW @JoelJohannesen ON X!
PTBC was founded by Mr. Johannesen in 2000.
Contact Mr. Johannesen about this article using this form. Please refer to article's title.
FOLLOW @JoelJohannesen ON X!
Latest posts by Joel Johannesen (see all)
- Canadian Liberals and other leftists hated America 20 years ago too - Wednesday July 23, 2025 at 3:25 pm
- “PROUD?” —PROJECT SUSPENDED - Monday July 21, 2025 at 11:35 am
- Proud To Be Canadian? Maybe Not. - Tuesday December 17, 2024 at 2:07 pm
