On Jun 21, Eric Westhagen wrote:
If I read the last message from Dar correctly, --that there might
be a $20./mo tax benefit from riding a bike to work? As if that
could be
checked or enforced? But regardless, just think of the small
percentage of American tax payers even able to take advantage of
such a "special interest tax break"! Indeed, this isn't one to
"big business"--"big farmers"--"big universities"--or other
bignesses---------but, folks,
let's be consistent------this is an unfair special interest tax
break under the guise of "social engineering".
Eric,
Perhaps you should familiarize yourself with the federal tax code.
Other commuters already enjoy the benefit of tax breaks to cover the
cost of commuting. Transit, vanpool and (drumroll, please) *parking*
are already covered. And guess what's more? Their monthly benefits
are far higher:
Up to $105/month for transit expenses;
Up to $105/month for vanpool expenses; and
Up to $205/month for parking at or near an employer’s worksite, or at
a facility from which employee commutes via transit, vanpool, or carpool
Kinda makes 20 bucks a month seem paltry, doesn't it? This may indeed
be "social engineering," but not really in the direction you were
thinking.
Cheers,
Michael Lemberger
Madison, WI
PS No need to take my word for any of this of course. Just Google
Section 132(f) of the federal tax code or "Commuter Choice Tax
Benefit," or check out this handy table:
<http://www.nctr.usf.edu/clearinghouse/commutebenefits.htm>_______________________________________________
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