Wednesday, February 6th, 2008
157 Comments
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More Officers, Less Helicopters & $60 is a Pittance |
RE: More Officers, Less Helicopters & $60 is a Pittance
If take home cars are put in the contract, then the IRS considers them as income. The current IRS tax rate for a take home vehicle is $3.00 for every day you drive to and from work (minus off days, sick days, vacation days etc). The IRS has a tax form just for work vehicles that are taken home. The reason we don't pay the tax now is becasue the vehicles are not in our contract and are not considered a benifit. The officers who live out of county would not pay the tax, only the officers who have take home vehicles, there would not be any "bonus" money going to officer who live out of county (a benifit they don't earn).
Using the IRS formula, you would pay a year,
52-4=48-1=47x5=235x3.=$705 divided by 12=$58.75
52 (weeks in a year), minus 4 (weeks for vacation), minus 1 (week for sick time)= 47 (weeks) x 5 (days in a week) =235 (days you work a year) x $3.00 (for each day) = $705 devided by 12 (months in a year) = $58.75 a month. And you thought they pulled that $60.00 figure out of their a$$
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An excellent bit of research. You must a...
16 years ago
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I agree the research is great, but I was...
16 years ago
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I agree the research is great, but I was...
16 years ago