4 ms·
It is clear that the tax system does not work properly for work from home. All those office expenses are pre-tax for the employer but post-tax for the employee.
by crypot 4y ago
It is clear that the tax system does not work properly for work from home. All those office expenses are pre-tax for the employer but post-tax for the employee. Makes no sense, they are the same expenses for the same purpose.
- vineyardmike 4y agoThis is also why I’ve been advocating for more companies to take the google approach to perks - instead of more salary, provide a good lunch. A $10 lunch to me costs $18 pre tax to the company via salary (in CA). But that also includes profit margin on the lunch provider, so might only cost the company $8 to provide. This is also why I have advocated for a “net worth” tax (kinda like property tax but for all net worth) instead of income tax. If you spend money on an experience or disposable item (good for the economy) you aren’t taxed on that money.
- Vrondi 4y agoThere should be a tax form you can get from your employer that states you work primarily from home, and then home office items/broadband costs should be deductible on it.
- mrguyorama 4y agoExcept nothing is deductible if you don't surpass the standard deduction, so unless you can find $12k of other various deductions, nothing is ever deductible for the individual player.