There will be a point where people will wish that education standards hadn’t been allowed to fall so low…but as long as the rich keep getting richer, I suppose no one will care.
Because for decades teaching has been marketed as ‘a calling’ not a job. People say things like, ‘teachers do what they have to’ or ‘no one goes into teaching for the money’ or ‘you might be the only person in some of these kids lives that care for them.’ These kind of phrases allow higher ups to continually slash teaching budgets while convincing teachers that they must fill the shortfall because of they don’t, who will? It’s bullshit.
People are in for a rude awakening after republicans get rid of public schools. You think buying your own supplies is expensive — wait until you get the bill for going to private school.
I had a boss once who avoided paying taxes on his 49’ sailing yacht by “donating” it to his church. It was then technically owned by the church (so no taxes, either transfer or property) but he still used it exclusively.
Well, have a party or three with businesses clients on the yacht and you can write that off. However, I think the vast majority of people have their yachts registered under shell corporations, and that opens up a lot of opportunities for writeoffs.
They would have to justify how it is a part of the companies operations. In theory at least.
So a private jet to fly your execs to business meets? Ok.
A yacht? Maybe for entertaining customers? I don’t know about the US, but here in Australia entertainment expenses are written off at a lower rate than other business expenses.
here in Australia entertainment expenses are written off at a lower rate than other business expenses.
Sorry mate. Not really correct.
If an Australian company pays for entertainment expenses for staff, it’s considered a fringe benefit and fringe benefits tax is payable. It equates to almost the cost of the actual expense. So if a company pays $10k for an employee to take a holiday, they’ll have to pay almost $10k in fringe benefits tax, but they do get a deduction for the whole $20k, which will save them $5k in income tax.
It doesn’t work like that. Expenses need to be “necessarily incurred in the course of producing income”. Just be cause a company pays for something doesn’t make it tax deductible.
The unfortunate part is that then kids in your class would be missing out on school supplies. It’s not right for teachers to use their own money for school supplies though.
That would be the schools and the parents problem. It would present a challenge to my job to find a way to teach without supplies, but I’d rather do that then spend my own money on my job.
Edit: whoever is downvoting, I hope you spend your paycheck on your job
Scuba diver and sailor here. Above a certain size, boats have watertight bulkheads and pumps to remove water, like fire hose levels of water. May I suggest a thermal lance? Works great underwater, cuts through metal better than a drill, and can cut a slice long enough to cut past multiple bulkheads.
That makes sense. Cause further damage to the ecosystem in the waters and give the enemy ammunition towards painting real change makers as dangerous or destructive
That makes sense. Cause further damage to the ecosystem in the waters and give the enemy ammunition towards painting real change makers as dangerous or destructive
It would still be a net positive for the environment tbh
That is because the jets and yachts are company provided and the company writes it off as an operational expense. You know, as schools should be doing with school supplies teachers need to do their job.
Companies also don’t require their employees to bring their own desk and chair… I know… do t give them any ideas… and probably some scumbag employers did this anyway.
This is separate from the fact if companies should be allowed to expense luxury items… Like yachts and jets…
In my opinion, companies shouldn’t be allowed to expense anything. The entire concept is pointlessly complicated and only serves to favor businesses that can afford to hire teams of accountants. The law doesn’t encourage any kind of value adding on the slightest, it’s just a game to save money.
There are complicated parts of accounting, but basic expense tracking is simple and businesses would do it even if it didn’t affect their tax treatment.
If businesses couldn’t write off expenses, it would be nearly equivalent to treating the corporate income tax as a universal sales tax. This would be incredibly damaging to small businesses and benefit behemoth vertically integrated companies, which is probably the exact opposite of what you want.
If you get rid of expenses, you need to get rid of corporate income tax and either replace it with VAT or combine it with increases to personal income tax like taxing capital gains as ordinary income.
Might as well be, if they use it for work it counts. My boss bought a luxury RV for our company, he’s the only one whose ever used it but technically there is a contract if a customer wants to rent it. Not that anyone was ever instructed to actually shill it.
They’re not “allowed to” expense those things. At least, not in the way you mean. Whether or not regulators have an appetite to investigate is another matter.
In Canada, a company-provided vehicle is a taxable benefit when used for personal purposes. This can include if you park the vehicle at home and drive to/from work if you have a fixed office location.
Of course, the rich work around this by making that yacht trip etc a “business expense” and entertaining similarly rich guests.
Plenty of employers provide at least some of that and reimburse for the rest. That should be the norm… and it is still way cheaper than a desk space in an office.
And for employees, the cost saving on the commute makes up for more than the costs of electricity and stuff.
Check with your boss/HR. My partner works for a University, and they have received an ergo mouse, chair, and motorized adjustable desk for their home office simply by requesting them. Most organizations have a budget for IT accomodations and they hardly ever use it.
Also, if you can get a Dr’s note for it, most places will purchase just about any accomodations you need for work. Larger monitors, ergo keyboard, dictation software…etc…
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