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MP4VT2004

Joined: 9/9/07 Posts: 9964
Likes: 5557


Sorry, I didn't explain it very well.


By "untaxed", I meant that throughout the year, there are no witholdings on my expense allowance. However, at the end of the year, that money shows up as income, which is then taxed. So in the end, I'm basically only receiving 75-78 cents out of every dollar that is meant to compensate me for job-related expenses.

(In response to this post by RTFC)

Posted: 02/13/2019 at 12:57AM



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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
  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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