Having a "company car" used to be a great perk, back when the tax code only considered it compensation if it was dollars. We don't want to go back to those day

Having a "company car" used to be a great perk, back when the tax code only considered it compensation if it was dollars. We don't want to go back to those days. There was so much energy being put into working around the tax code and dead-weight from inefficient benefits. Even if you only got $4000 of value from the $8000 company car, it could have the rational choice given tax rates.