The next thing you know they will be taxing the price of office chairs.The use of company-issued mobile phones could trigger new federal income taxes on millions of Americans as a "fringe benefit."
The Internal Revenue Service proposed employers assign 25% of an employee's annual phone expenses as a taxable benefit. Under that scenario, a worker in the 28% tax bracket, whose wireless device costs the company $1,500 a year, could see $105 in additional federal income tax.
The IRS, in a notice issued this week, said employees could avoid tax liability if they showed proof they used personal cellphones for nonbusiness calls during work hours.
How about this: Require companies to provide wrist rests to avoid carpel tunnel as a health issue, then tax the employees for the cost of the wrist rest because it's a benefit. Of course you could avoid tax liability if you showed proof that you used a personal wrist rest for non-business typing during work hours.
5 comments:
sooner or later there will be no money left to tax, because they will already have it all...I wonder where will they get their money then? Of course if it even gets close to that point I wont even work anymore (just about there now)...what would be the point in working if it all goes to Uncle Sam?...Socialism, here we come
Where will they get the money? They'll just run the printing presses more.
Atlas Shrugged
WTF?!?
Why not tax the tax we pay?
Seriously, when will the People have enough and burn Washington to the ground?
Brooke, don't suggest anything. I believe that currently if you have a state income tax you can deduct that off your federal income tax returns.
The government could always tax that "benefit" by lowering the amount you can deduct. I'm sure someone in Washington is working on how to spin this idea for the sheeple.
I use an employer provided cell phone pretty continuously all day... but I've never once used it for a personal call. That's what I have my own personal cell phone for.
I've never seen the bill for the City Phone, but it could potentially be huge. If they started taxing me on a portion of that bill - that would suck.
A Lot.
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