Quote:I can't imagine anyone in business being unaware of the tax rules on company provided transportation or vehicles.
In fact, in managing small businesses, this was an aspect of taxation with which i became very familiar. The IRS is very specific about which mileage can be deducted and which cannot, and in lieu of mileage, which expenses can be deducted and which cannot. So, for example, commuting is not deductible, nor are expenses which arise from merely going to and from home and work. Therefore, any benefit such as a car and driver provided at the company's expense becomes a taxable form of compensation. (A vehicle provided by an employer, for which the employer pays all expenses, and which the employee is required to operate him- or herself, including travel during the course of the employment day, is another matter altogether, and is not treated as a compensation benefit to the employee.) This is Tax Regulation 101, and i do not for a moment believe that anyone doesn't know this. If the employee is sufficiently stupid not to know, the employer will certainly not be that stupid. I don't buy it, and i don't want Daschle.
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O'George, as is so often the case in such discussions, goes over the top, in this case by describing Obama's appointees as prima donas.