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Keyword: taxwes

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  • Kill the Obama Lunch Tax: Why is the IRS targeting Free Meals?

    09/12/2014 7:31:37 AM PDT · by SeekAndFind · 46 replies
    National Review ^ | 09/12/2014 | Deroy Murdock
    As if its appetite were not insatiable enough already, Obama’s Internal Revenue Service is considering taxing the free lunch. Some companies offer workers mid-day meals on the house. This encourages their employees to stay near work, dine with colleagues, exchange ideas, avoid nosy competitors, and then return to their duties. These voluntary arrangements are among the things that attract people to high-tech companies like Apple, Google, and PayPal. According to the Wall Street Journal, “IRS auditors are now flagging the issue and demanding back taxes from companies amounting to 30 percent of the meals’ fair-market value.” So if an employee...