On 2008-10-06, Ron Wallenfang <rwallenfang@[EMAIL PROTECTED]
> wrote:
> On Oct 5, 10:00 pm, tkeats2...@[EMAIL PROTECTED]
(Tom Keats) wrote:
>> In article
<93cc1e8f-21de-4212-90e4-0c1e779cc...@[EMAIL PROTECTED]
>,
>> Ron Wallenfang <rwallenf...@[EMAIL PROTECTED]
> writes:
>> > On Oct 5, 4:08 pm, "ZBicyclist" <ZBicycl...@[EMAIL PROTECTED]
> wrote:
>> >> ON-TOPIC SECTION:
>>
>> >> A friend send me this link.
>>
>> >>http://www.bicycleretailer.com/news/newsDetail/1878.html
>>
>> >> "Employers of people who bike to work stand to gain a $20 per month
>> >> tax credit per cycling employee, according to the final version of
>> >> the Wall Street bailout bill"
>>
>> As I read Mike's post, the tax credit wouldn't be applied
>> to bicycle commuters, it would be applied toward /employers/
>> of bicycle commuters. 20 bux per cycle-commuting employee.
>>
>
> Agreed. I should have said: every scoundrel who files a business tax
> return can claim the credit - for who knows how many employees.
That's not how I understand the ceredit to work.
I haven't read the bill yet, but the way I understand it, the credit is
only applied to expenses the employer incurs to sup****t cycling employees.
If they spend $100 to put in a bike rack, that creditable. If they pay
for gym member****ps so cyclists can shower, that would be creditable. But
they have to be able to show receipts for the expenses, same as for any
other deductable expense. They don't get to make up a number and magically
rewrite their tax bill (there are other ways to do that, I'm sure).
--
Kristian Zoerhoff
kristian.zoerhoff@[EMAIL PROTECTED]
|
