George Perkins wrote <If a benefit otherwise taxed as regular income can instead be provided "pretax" it reduces the social security and Medicare taxes for both the employee and the employer.>
My understanding is that the Bicycle Commuter Benefit cannot be funded with pre-tax payroll deductions. Unfortunately, this bill was written in way that significantly limits is usefulness. Hopefully these limitations will be addressed in the next federal transportation funding bill. Arthur Ross, Pedestrian-Bicycle Coordinator City of Madison Traffic Engineering Division 215 Martin Luther King, Jr. Blvd., Suite 100 PO Box 2986 Madison, WI 53701-2986 608/266-6225 _______________________________________________ Bikies mailing list [email protected] http://lists.danenet.org/listinfo.cgi/bikies-danenet.org
