Looters And Moochers http://lootersandmoochers.info Money is not the tool of the moochers, who claim your product by tears, or of the looters, who take it from you by force. Money is made possible only by the men who produce. Tue, 17 Aug 2010 02:37:53 +0000 en hourly 1 http://wordpress.org/?v=3.2 Tax Man’s Target: The Mobile Phone – WSJ.com http://lootersandmoochers.info/taxes/tax-mans-target-the-mobile-phone-wsj-com-314.php http://lootersandmoochers.info/taxes/tax-mans-target-the-mobile-phone-wsj-com-314.php#comments Fri, 12 Jun 2009 13:18:53 +0000 admin http://lootersandmoochers.info/?p=314
The use of company-issued mobile phones could trigger new federal income taxes on millions of Americans as a “fringe benefit.” The Internal Revenue Service proposed employers assign 25% of an employee’s annual phone expenses as a taxable benefit. Under that scenario, a worker in the 28% tax bracket, whose wireless device costs the company $1,500 [...]


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The use of company-issued mobile phones could trigger new federal income taxes on millions of Americans as a “fringe benefit.”

The Internal Revenue Service proposed employers assign 25% of an employee’s annual phone expenses as a taxable benefit. Under that scenario, a worker in the 28% tax bracket, whose wireless device costs the company $1,500 a year, could see $105 in additional federal income tax.

The IRS, in a notice issued this week, said employees could avoid tax liability if they showed proof they used personal cellphones for nonbusiness calls during work hours. The agency also could decide on a …

via Tax Man’s Target: The Mobile Phone – WSJ.com.

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