All Hokie, All the Time. Period.

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MP4VT2004

Joined: 9/9/07 Posts: 9011
Likes: 4630


You don't sound snarky.


But my point is - why should I have to pay taxes on business expenses reimbursements?

Think of it this way: Let's pretend you go on a business trip and spend $250 out of your own pocket to cover various expenses. When you return home, you submit an expense report and in turn, your company writes you a check for $250. In that scenario, you are not taxed on that reimbursement.

Conversely, in my scenario, I spend upwards of $6,000 every year fueling and maintaining my personal vehicle while using it for business. My company pays me less than that to partially compensate me for that use. However, in my case, that compensation shows up on my W-2 as income, meaning I am taxed on that compensation, further increasing the disparity between the compensation and my actual out of pocket outlay. In my mind, it is absolutely reasonable that people in my situation should be allowed to reduce their tax burden based on these types of expenses. Essentially, my "expense reimbursement" is simply an increase in salary, and my job-related expenses are not directly compensated.

Does that make sense?

(In response to this post by RTFC)

Posted: 02/13/2019 at 12:50AM



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Current Thread:
 
  
CPA: What % of your clients are actually paying more? -- VaAkita 02/12/2019 12:10PM
  Yes 80 percent paid less in taxes -- capitals1 02/12/2019 1:12PM
  Not true ** -- 133743Hokie 02/12/2019 3:15PM
  Individual cuts expire at the end of 2025 ** -- hucareshokiesrul 02/12/2019 1:41PM
  I have a few guesses where he heard it. ** -- hokie80 02/12/2019 1:31PM
  Thanks for the narrative. ** -- hokie80 02/12/2019 1:28PM
  So I was off by a couple years. -- VTSnake 02/12/2019 2:07PM
  Oh. The. Irony. ** -- hokie80 02/12/2019 2:13PM
  What is my ilk? -- hokie80 02/12/2019 2:43PM
  He's a troll. ** -- vtbones 02/12/2019 2:24PM
  Nope. I just call out a political narrative.. -- hokie80 02/12/2019 2:39PM
  Why shouldn't the working stuff have known this? -- hokie80 02/12/2019 1:15PM
  You are correct, Roth is post tax. ** -- EDGEMAN 02/12/2019 2:32PM
  I'll let you know Feb. 27 ** -- WestyHokie 02/12/2019 1:31PM
  Psssst...they are post-tax. ** -- hokie80 02/12/2019 1:34PM
  He meant Feb 27 2020 ** -- Hokie360 02/12/2019 2:58PM
  People are stupid and only live in the moment. -- hokie80 02/12/2019 12:32PM
  Lol ** -- CPRVHokie 02/12/2019 3:36PM
  Content and context aren't your forte' -- hokie80 02/12/2019 1:30PM
  Ok ** -- CPRVHokie 02/12/2019 1:38PM
  He is so predictable and therefore fun to mess with! :) ** -- grill to chill 02/12/2019 1:08PM
  It's fun to point to point the obvious fly boy :) ** -- grill to chill 02/12/2019 3:38PM
  You don't sound snarky. -- MP4VT2004 02/13/2019 12:50AM
  I understand your premise -- RTFC 02/13/2019 10:19AM
  That's not how I understood it -- RTFC 02/12/2019 4:26PM
  Sorry, I didn't explain it very well. -- MP4VT2004 02/13/2019 12:57AM
  Media spinning it ** -- DaveVT 02/12/2019 12:36PM

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