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Hornung did not, for income tax purposes, constructively receive the Corvette in 1961, but rather received it in 1962. [15] Because the Corvette was received in 1962, and not excludable from taxable income as a gift or applicable award or prize, the Tax Court held that the value of the car should have been included in Hornung’s gross income ...
1953 Chevrolet Corvette displayed at the 1953 GM Motorama car show 1953 Corvette exits assembly line. The first generation of Corvette was introduced late in the 1953 model year, appearing as a show car for the 1953 General Motors Motorama, January 17–23 at New York's Waldorf-Astoria Hotel. [10]
The Corvette C8 was named 2020 Motor Trend Car of the Year, [77] and was also featured on 2020 Car and Driver 10Best. [78] The C8 was also named 2020 North American Car of the Year, [79] 2020 Detroit Free Press Car of the Year, [80] 2020 MotorWeek Drivers' Choice Best of the Year, [81] and Edmunds Top Rated Sports Car for 2020 [82] and 2021. [83]
This history covers every Chevy Corvette generation, plus Corvette racing, never-produced concepts, design proposals, and the people behind Chevy's sports car. ... Corvette 70 Years: The One and ...
From the 1984 model year (available January 1984) through the 1988 model year, the Corvette was available with a Doug Nash "4+3" transmission - a 4-speed manual coupled to an automatic overdrive on the top three gears. This unusual transmission was a synergy that allowed the Corvette to keep a stout 4 speed, but add an overdrive.
Federal Tax Brackets 2021 for Income Taxes Filed by April 15, 2022 . Tax Rate. Single. Married Filing Jointly or Qualifying Widow(er) Married Filing Separately. Head of Household. 10%. $0 to ...