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Ahh, those evil work cellphone users! Must be punished!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.
Tax Man's Target: The Mobile Phone - WSJ.comAhh, those evil work cellphone users! Must be punished!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.
Tax Man's Target: The Mobile Phone - WSJ.comAhh, those evil work cellphone users! Must be punished!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.
Other benefits are taxed, why not cell phones?
Tax Man's Target: The Mobile Phone - WSJ.comAhh, those evil work cellphone users! Must be punished!
Other benefits are taxed, why not cell phones?
fair point regarding taxes, but then why are you such a tax loving citizen?
Other benefits are taxed, why not cell phones?
fair point regarding taxes, but then why are you such a tax loving citizen?
Who said I was?
fair point regarding taxes, but then why are you such a tax loving citizen?
Who said I was?
dammit, i just did that which i earlier accused you of....
you asked a question as to why not cell phones....let me ask you, do you then support this tax proposal?
You mean look at all the new spending this will generate, right? 'cause I KNOW you don't think that the Federal Government will use increased revenues to do anything as crazy as reduce the deficit or sock away toward it's unfunded liabilities.Now, apparently they are adding teeth to it, making employers deduct the correct amount from your check. In 1989, when this law was passed, cellphones WERE a really expensive luxury item only CEOs and such had. Now most everyone has a work cellphone, look at the revenue this will generate!
Who said I was?
dammit, i just did that which i earlier accused you of....
you asked a question as to why not cell phones....let me ask you, do you then support this tax proposal?
This isn't a new tax proposal. Its merely going to start considering cell phones as benefits, which they are. If a company gives something to you thats of value, thats a benefit. I see no reason why it shouldn't be taxed.
They have to find revenue somewhere, to cover their trillions of overspending. Adding teeth to an existing, 20 year-old law in order to make it actually work as intended is good governing.You mean look at all the new spending this will generate, right? 'cause I KNOW you don't think that the Federal Government will use increased revenues to do anything as crazy as reduce the deficit or sock away toward it's unfunded liabilities.Now, apparently they are adding teeth to it, making employers deduct the correct amount from your check. In 1989, when this law was passed, cellphones WERE a really expensive luxury item only CEOs and such had. Now most everyone has a work cellphone, look at the revenue this will generate!
It's the law of the land for it to be taxed, since 1989.dammit, i just did that which i earlier accused you of....
you asked a question as to why not cell phones....let me ask you, do you then support this tax proposal?
This isn't a new tax proposal. Its merely going to start considering cell phones as benefits, which they are. If a company gives something to you thats of value, thats a benefit. I see no reason why it shouldn't be taxed.
so you want it to be taxed?
Tax Man's Target: The Mobile Phone - WSJ.comAhh, those evil work cellphone users! Must be punished!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.
It's the law of the land for it to be taxed, since 1989.This isn't a new tax proposal. Its merely going to start considering cell phones as benefits, which they are. If a company gives something to you thats of value, thats a benefit. I see no reason why it shouldn't be taxed.
so you want it to be taxed?
That's true.It's the law of the land for it to be taxed, since 1989.so you want it to be taxed?
irrelevent as to my question to nik
I would agree with you if that's what it represented, however the MO in Washington goes like this ...They have to find revenue somewhere, to cover their trillions of overspending. Adding teeth to an existing, 20 year-old law in order to make it actually work as intended is good governing.
Oh, I completely understand where you're coming from.I would agree with you if that's what it represented, however the MO in Washington goes like this ...They have to find revenue somewhere, to cover their trillions of overspending. Adding teeth to an existing, 20 year-old law in order to make it actually work as intended is good governing.
"Hey guys we just found another $20 billion in revenue"
"Great! now we can approve that $60 billion for those new programs we couldn't afford last year!"
So, the idea of giving the government additional money over and above the tribute they already extort just doesn't work for me, even if they did finally remember that they decided to give themselves the power to steal it years ago.
