5 ms·

Even if it is, it's just a few pennies per day.

• acchow 8y ago
  No, if your employer is giving you $10k worth of meals (their cost to produce them) and charging you $100 for it, you are taxable on the $9,900 benefit.
  • ironjunkie 8y ago
    I don't think it works like that. Do employees today get taxed on the value of the free food ? Why would that be different if it costs 1$ , and how do you define the value of the free food anyways ?
    • jschwartzi 8y ago
      It's technically compensation, so why wouldn't it be taxable?
      • ironjunkie 8y ago
        Do you get taxed on the free coke you get in the break room ? It just doesn't seem to work like that. It would also require to put a $ amount on the price of the "free" meal. Which would not make it free anymore.
  • npongratz 8y ago
    So if I buy a product for $100, that cost a company $200 to produce, I am liable for a $100 taxable benefit? Now I'm _definitely_ staying away from all those Black Friday and BOGO sales.
    • dragonwriter 8y ago
      The grandparents comment is specifically true of employment fringe benefits, and not true of sales to the general public, though meals may be excluded if they meet the rest of being provided for the emplkyer’s convenience. https://www.nolo.com/legal-encyclopedia/what-fringe-benefits-taxable.html https://www.nolo.com/legal-encyclopedia/what-fringe-benefits... http://www.irs.gov/pub/irs-pdf/p15b.pdf http://www.irs.gov/pub/irs-pdf/p15b.pdf