No Such Thing As a Tax-Free Lunch At Google?
theodp writes "In search of the best corporate cafeteria in the world, Gourmet Live's Tanya Steel visited the Googleplex, where she found Petaluma chicken cacciatore, porcini-encrusted grass-fed beef, whole-wheat spaghetti pomodoro, and Parmesan-creamed onions on the menu in one of the search giant's 25 cafes. So, must all good things come to an end? The WSJ's Mark Maremont reports that it's debatable whether Silicon Valley's daily fringe-benefit meals are taxable, and the issue is now on the IRS's radar. 'What would a food tax on Google's meals look like for the average employee?' Maremont asks. 'Assuming a fair-market value of between $8 and $10 per meal, a Googler chowing down two squares a day could get dinged for taxes on an extra $4,000 to $5,000 a year.' That'd be just fine with UF tax-law Prof. Martin J. McMahon. 'I buy my lunch with after-tax dollars,' said McMahon. 'And I have to pay taxes to support free meals for those Google employees.'"
I'm so sick of the expression "cost the government". It's a weasel expression intended to convince people that all money belongs to the government first and they let you have some only after they've spent whatever they want. Bulldinky. Every day you hear about how things have gotten too expensive. Food? Too expensive. Coffee? Too expensive. Air travel? Too expensive. Higher education? Too expensive. Gasoline? Too expensive. Electricity? Too expensive. Insurance? Too expensive. Rent? Too damn high. Healthcare? Too expensive. Why the hell isn't government too expensive? IMHO, if the government got rid of baseline budgeting and actually reduced expenses across the board, those of us who pay for all that crap might not be hell bent on looking for every write-off under the sun.
Who says "No Thanks" to a meal that they didn't have to pay for? Any college student will tell you the best meal they had was "free" not because of the food quality, but because it was free. I'm assuming Google just has a cafeteria that employees can just walk into and get a meal or two during any given day while they are working, and that this is an every day occurrence. I can honestly say, I'm a tad jealous, but I see that as a perk of working for that company. If the IRS is going to tax lunches, CEOs across the nation will have to start paying taxes for their elaborate lunches. But wait, so would every college student who didn't pay taxes on food they ate. Oh and what about all those free day care services some places offer or exercise room, shouldn't those perks be taxable also? Wouldn't this then also impact me going over to a friends house and receiving a meal from a party? I didn't pay for it so I wasn't taxed on it.
This is a slippery slope, and one that if pushed as taxable then it opens up a whole new can of worms. If Google is paying the taxes on the food and upon purchasing the food for giving away, wouldn't taxing the employees be double - taxation?
I'd love it if I could reap such awesome benefits, but I do not begrudge a Google employee from enjoying the perks of working for Google. I'm happy to learn that a company that large is still so generous to their employees.
Life takes interesting turns, but the most interest is when you're off the beaten path.