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Last paragraph made me laugh: "Even if the IRS does crack down on this perk, the high-tech lunch isn't likely to completely disappear. Legal experts suspect mo
by drivingmenuts 13y ago
Last paragraph made me laugh:
"Even if the IRS does crack down on this perk, the high-tech lunch isn't likely to completely disappear. Legal experts suspect most companies will probably just report it as 'taxable income' to employees and then pay them more in salary to cover the cost."
Written by someone who has probably has little experience in the real world.
- thecage411 13y agoI do find it amusing that legal experts were consulted for their insight on business and economics.
- 0003 13y agoMangaement:Quick accounting! This is a huge deal for IRS this year I read about it in the WSJ. Get this, they are going to start taxing employees for the gourmet meals. Don't give me that look - Of course ... we ... will ... reimburse our employees for this. Accountant: So... for every employee we need to do an infinite sum series for a given taxable income based on the fair value of how much they have eaten... Management: Ewwph. Huh? Accountant: We don't even track this yet... Management: We'll take what we pay on food and divide by the employees Accountant: This would create a tragedy of the commons scenario that will destroy morale... Management: Ewwph... how... we weigh each employee before and after they enter and exit the building AND restroom and find their weight differential. Then we apply that to a $/weight_delta factor to get their taxable income!! Accountant: No ... Fuck no. Management: Then how about we make employees pay for their meals and then reimburse afterwards like we do with our expense reports! So simple - literally just thought of that. Accountant: Most sensical thing you said today, but accounting would collapse under the weight of all of those expense reports. Management: Spoil sport. No more free lunches.