CBS Radio (KNX Los Angeles) Complaint - Automobile Donations
LOS ANGELES, CALIFORNIA -- There are many solicitations each day to contribute one's auto to a charitable institution. While I have no general objection to this, one particular 'selling point' is quite misleading. It is stated that 'you will often receive more than you would by selling the car'. The fact is that one receives nothing but a tax deduction. Even this is only true if the taxpayer itemizes deductions. Assuming he does itemize, the gain is only an amount based on his tax bracket. For example if the deduction is $1000 and the taspayer is in the 15% bracket, his net gain from the contribution would be $150 - not $1000!
To help keep me as a potential future customer, I would like the following:
Remove the misleading statement from the solicitation.
At the very least I would like a response from your company regarding this incident. Thank you for your time.