Whoops! Cash For Clunkers Payments Are Taxable!

On Eddie Burke's show Tuesday, I referenced this article: Whoops! Cash For Clunkers Payments Are Taxable!

Interesting that in some states, you can get hit with a state tax on the $4500.00. And there is the question that dealers may be liable for federal taxes on the $4500.00 because it could be considered income.