It adds up. There’s plenty of wealthy, but not obscenely wealthy people in NYC who would think twice about paying $9 for no reason even if they can easily afford it.
I think you might be misunderstanding the non-$100s of millions wealthy class.
They still do normal stuff, like go to shows and eat McDonald’s while driving themselves instead of having a chauffeur.
Having your business pay the toll for a personal trip is embezzlement and most people wouldn’t risk that over $9.
If companies are reimbursing people for commutes into work, that’s probably not an approved tax exempt benefit so you would still need to pay income tax on that $9.
Having business pay for your tolls is absolutely not embezzlement. It’s part of your compensation package. When charges increase or even gas prices, you list it and get paid back. Of course that rarely applies to poor people.
Decades ago my outside accountant passed all travel expenses to my business as part of his fees. His hourly time even included driving travel time to the office.
It adds up. There’s plenty of wealthy, but not obscenely wealthy people in NYC who would think twice about paying $9 for no reason even if they can easily afford it.
I don’t think they would ever have to pay it. It would be travel expenses on their accounting.
I think you might be misunderstanding the non-$100s of millions wealthy class.
They still do normal stuff, like go to shows and eat McDonald’s while driving themselves instead of having a chauffeur.
Having your business pay the toll for a personal trip is embezzlement and most people wouldn’t risk that over $9.
If companies are reimbursing people for commutes into work, that’s probably not an approved tax exempt benefit so you would still need to pay income tax on that $9.
Having business pay for your tolls is absolutely not embezzlement. It’s part of your compensation package. When charges increase or even gas prices, you list it and get paid back. Of course that rarely applies to poor people.
Decades ago my outside accountant passed all travel expenses to my business as part of his fees. His hourly time even included driving travel time to the office.