santa clara county, california, has had two gun buyback programs just this month. the county provided the money to exchange for the guns. last weekend, atlantic city, new jersey, their guns for cash buyback in atlantic was the second most successful in state history. the state s most success was was just held in january. we know how these programs work, right? cities and towns and police departments organize these buybacks. or sometimes it s the attorney general s office. it s always a government agency of some kind that organizes these things. in new york city there s an ongoing buyback program where you can turn in your gun to the police and get a cash reward. it takes in a few hundred begins over the course of the year now in a city of 8 million people. the threshold for participation in that in new york city is that you have to feel comfortable approaching the police with your firearm. in order to be able to hand it over to them. tomorrow, though, this weekend, in the biggest city
the problem here is when they offer you a cash buyback, the way i understand it, that the money could be considered additional income by the internal revenue service so therefore if they give you a price you may have to lop off, sales tax for buying a new car plus 20% income tax and lob off 30% off the price they re offering it s not quite as great a deal. on the issue of buying your silence, toyota had to to say. contrary to report, toyota does not require customers to sign a condy fengsty agreement: your response to that? in the proposal, they said, there s no strings attached. what that means exactly i m not sure, but they ve come out and said, no strings attached. the bottom line, they didn t fix your car. they sent out a team to look at it and couldn t figure out how to do it and sent out a letter to see if you could buy it back. and stuart, we ll continue the