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> employers to offer a gym stipend instead of the equivalent amount of salary Isn't that partly tax benefit and partly the hope that steering employees to bett
by wodenokoto 5y ago
> employers to offer a gym stipend instead of the equivalent amount of salary
Isn't that partly tax benefit and partly the hope that steering employees to better health, results in better employees? E.g., for 20usd I can give them 16usd cash after taxes (or whatever) or 20usd worth of gym membership AND I'd rather my employee exercise than spend money on candy.
> A Barnes and Noble gift card to a favorite niece tells that niece that you remember she is a reader, unlike those uncreative family members who would just give her cash.
My first thought was, as others have mentioned too, "buy a card and give cash", but the thoughtful card costs money, so the recipient pays through poor convenience for the cost of the paper card, instead of the giver spending money on the thoughtful presentation.
- Cerium 5y agoThe company gets not just better employees, but marginally cheaper ones. Healthier employees reduce health insurance premiums for corporate group plans.
- deleted 5y ago[deleted]
- junar 5y agoAt least in the US, the gym has to be exclusive to employees and their families to qualify for a tax benefit. > You can exclude the value of an employee's use of an on-premises gym or other athletic facility you operate from an employee's wages if substantially all use of the facility during the calendar year is by your employees, their spouses, and their dependent children. For this purpose, an employee's dependent child is a child or stepchild who is the employee's dependent or who, if both parents are deceased, hasn't attained the age of 25. The exclusion doesn't apply to any athletic facility if access to the facility is made available to the general public through the sale of memberships, the rental of the facility, or a similar arrangement. https://www.irs.gov/publications/p15b#en_US_2021_publink1000193657 https://www.irs.gov/publications/p15b#en_US_2021_publink1000...