Apart from anything else, why should teachers have to buy the tools to do their job?
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.
“Oh, you can’t afford to send your child to school? Well the coal mines are always hiring if you need to get them out of the house.”
They shouldn’t. Education is critically and routinely underfunded because dumb people vote conservative.
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 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.
So many people think “tax deductible” literally means you subtract it from your taxes.
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.
Companies also don’t require their employees to bring their own desk and chair
Unless you work from home, then you are expected to have the space, supplies, desk, chair, electricity, internet connection…
Not really. The company should pay for everything you need to do your job.
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…
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.
This is just plain incorrect.
The law doesn’t allow CEOs to write off yachts.
Whether or not regulators investigate them is another matter.
Can’t they just buy in the name of a company, which would be a ‘business expense’, which is kind of a write off?
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 system working as intended
The productive class vs the parasite class.
