Popular Post aGENT Posted November 13, 2020 Popular Post Share Posted November 13, 2020 https://financialpost.com/executive/careers/remote-workers-should-be-taxed-for-privilege-of-working-at-home-says-deutsche/wcm/e603ee19-9396-452c-ab68-a185915dae61/amp/ Remote workers should be taxed for privilege of working at home, says Deutsche What a stupid &^@#ing idea IMO. So we're going to additionally tax people who are saving their employers money, reducing strain on commuting infrastructure and helping the environment 6 Link to comment Share on other sites More sharing options...
Tortorella's Rant Posted November 13, 2020 Share Posted November 13, 2020 Start with the author of the article. Work from home should be the norm going forward for institutions that claim to be green or care about the environment. Link to comment Share on other sites More sharing options...
Phil_314 Posted November 13, 2020 Share Posted November 13, 2020 (edited) The author needs to be hit with a stupidity tax. "Money could fund subsidies for low-income earners and essential workers who are unable to work remotely." So why are workers being taxed again to provide a social safety net for others when it's the government's own responsibility? Also essential workers agreed to their jobs at their current income level, at no one else's compulsion. Why is there a Robin Hood mentality, that workers are robbed to provide for others, when remote workers aren't even rich? Lastly, having seen how the CERB was abused, I could only imagine that the workers would just choose to stay at their essential jobs since they'll be getting paid by the middle class taxed folks. Edited November 13, 2020 by Phil_314 2 Link to comment Share on other sites More sharing options...
Bissurnette Posted November 13, 2020 Share Posted November 13, 2020 Nothing but pure envy in today's world. Link to comment Share on other sites More sharing options...
aGENT Posted November 13, 2020 Author Share Posted November 13, 2020 22 minutes ago, Phil_314 said: The author needs to be hit with a stupidity tax. "Money could fund subsidies for low-income earners and essential workers who are unable to work remotely." So why are workers being taxed again to provide a social safety net for others when it's the government's own responsibility? Also essential workers agreed to their jobs at their current income level, at no one else's compulsion. Why is there a Robin Hood mentality, that workers are robbed to provide for others, when remote workers aren't even rich? Lastly, having seen how the CERB was abused, I could only imagine that the workers would just choose to stay at their essential jobs since they'll be getting paid by the middle class taxed folks. The argument seems to be that they're spending less money... Which, frankly I find hard to believe. Any money they're saving on things like gas or eating out are almost certainly being spent elsewhere given people's spending habits. And if not, if people are actually applying it to our reported record high debt levels... Would that be all that bad?! Link to comment Share on other sites More sharing options...
nuckin_futz Posted November 13, 2020 Share Posted November 13, 2020 There is a reason why DeutscheBank the author of the research note is the worst bank in the world. 1 3 Link to comment Share on other sites More sharing options...
aGENT Posted November 13, 2020 Author Share Posted November 13, 2020 7 minutes ago, nuckin_futz said: There is a reason why DeutscheBank the author of the research note is the worst bank in the world. Guessing they must have interest in O&G? Link to comment Share on other sites More sharing options...
nuckin_futz Posted November 13, 2020 Share Posted November 13, 2020 (edited) 17 minutes ago, aGENT said: Guessing they must have interest in O&G? Dunno, but they were dumb enough to loan Donald Trump $400 million. Edited November 13, 2020 by nuckin_futz 1 Link to comment Share on other sites More sharing options...
elvis15 Posted November 13, 2020 Share Posted November 13, 2020 This would be discriminatory for people who work from home due to disabilities. And, it's just really stupid. Link to comment Share on other sites More sharing options...
Warhippy Posted November 13, 2020 Share Posted November 13, 2020 The UK just instituted this. Essentially they're claiming ti will be a fund used to help at risk businesses. Which, by their own admission is utter crap. Imagine, people now working from home having to use their heat, electrical phone and internet for work purposes after most major corporations told employees working from home their wages would be cut to reflect their relaxed level of atmosphere will now have to pay $7 a day on top of essentially subsidizing heating and electrical costs for their employers who gave them a pay cut. I's insulting. Beyond insulting. Especially in the UK as their leadign party voted to give themselves a $10k a year bonus to pay for the cost of...you guessed it. Working from home 2 Link to comment Share on other sites More sharing options...
jatylo Posted November 13, 2020 Share Posted November 13, 2020 Quite ironically the opposite will likely happen. If you reserve a room in you house for "work purposes only " you should receive a tax break (percentage back from internet, power etc) Not an accountant but that's how I read the working from home tax exemption on the Gov Can website 1 Link to comment Share on other sites More sharing options...
Heretic Posted November 13, 2020 Share Posted November 13, 2020 I make 20% less working from home then when I did working in a big city. But I love it. Yes, I make up some of that lost salary by saving on taxes. Link to comment Share on other sites More sharing options...
Phil_314 Posted November 13, 2020 Share Posted November 13, 2020 4 hours ago, aGENT said: The argument seems to be that they're spending less money... Which, frankly I find hard to believe. Any money they're saving on things like gas or eating out are almost certainly being spent elsewhere given people's spending habits. And if not, if people are actually applying it to our reported record high debt levels... Would that be all that bad?! Well I would agree that I've been saving more money (still with family although I give them money each month, and instead of eating out I can put away bank), it still doesn't justify being taxed for that though. Link to comment Share on other sites More sharing options...
DeNiro Posted November 13, 2020 Share Posted November 13, 2020 (edited) So basically they’re saying people who work at home will be saving money and be more financially stable, so how can we correct that? Its almost like they want people to be right on the edge of poverty... Not surprising coming from a bank. Their whole business revolves around owning people for life. Edited November 13, 2020 by DeNiro Link to comment Share on other sites More sharing options...
Lancaster Posted November 13, 2020 Share Posted November 13, 2020 Taxed for WFH? Sure.... only after we receive every single tax exemption/deduction there is out there. Tax deductions: rent/mortgage, property taxes, utilities, depreciation of assets (computers, furniture, etc), depreciation of property, cellphones expenses, etc. 2 Link to comment Share on other sites More sharing options...
canuckster19 Posted November 13, 2020 Share Posted November 13, 2020 11 hours ago, Warhippy said: The UK just instituted this. Essentially they're claiming ti will be a fund used to help at risk businesses. Which, by their own admission is utter crap. Imagine, people now working from home having to use their heat, electrical phone and internet for work purposes after most major corporations told employees working from home their wages would be cut to reflect their relaxed level of atmosphere will now have to pay $7 a day on top of essentially subsidizing heating and electrical costs for their employers who gave them a pay cut. I's insulting. Beyond insulting. Especially in the UK as their leadign party voted to give themselves a $10k a year bonus to pay for the cost of...you guessed it. Working from home Haha, Sweden would riot if that happened. I must say the Swedish government has done a good job of keeping the country afloat, it also helped that we didn't go into strictly stupid levels of lockdown. People in Sweden are already anti-social so keeping distance was not a foreign concept. Link to comment Share on other sites More sharing options...
JM_ Posted November 13, 2020 Share Posted November 13, 2020 12 hours ago, aGENT said: https://financialpost.com/executive/careers/remote-workers-should-be-taxed-for-privilege-of-working-at-home-says-deutsche/wcm/e603ee19-9396-452c-ab68-a185915dae61/amp/ I mean, I like the idea of giving critical workers more support. But this method is idiotic. A 5% "levy" as they call it would just push people to work at Starbuck, the local library or a cheapie hot desk for a hell of a lot less money. I could see the gov't reducing or eliminating the tax credits you can get by claiming partial home use for business purposes if too many people start using it and/or abusing it. Its a giant pain in the ass already to do things like claim car use and which 1/20th of your basement your actually using for storage, etc. so maybe that just goes away down the line but thats different from this cash grab. If we really want to help people lets turn empty downtown office buildings into co-op condo's. 1 Link to comment Share on other sites More sharing options...
canuckster19 Posted November 13, 2020 Share Posted November 13, 2020 (edited) 2 minutes ago, Jimmy McGill said: I mean, I like the idea of giving critical workers more support. But this method is idiotic. A 5% "levy" as they call it would just push people to work at Starbuck, the local library or a cheapie hot desk for a hell of a lot less money. I could see the gov't reducing or eliminating the tax credits you can get by claiming partial home use for business purposes if too many people start using it and/or abusing it. Its a giant pain in the ass already to do things like claim car use and which 1/20th of your basement your actually using for storage, etc. so maybe that just goes away down the line but thats different from this cash grab. If we really want to help people lets turn empty downtown office buildings into co-op condo's. I like your perpetual optimism Jimmy, if everyone thought like you did there'd be no war, unfortunately there's constantly bitter people out there, and Nimbys, lots and lots of Nimbys. Edited November 13, 2020 by canuckster19 1 Link to comment Share on other sites More sharing options...
JM_ Posted November 13, 2020 Share Posted November 13, 2020 1 minute ago, canuckster19 said: I like your perpetual optimism Jimmy, if everyone thought like you did there'd be no war, unfortunately there's constantly bitter people out there, and Nimbys, lots and lots of Nimbys. I should run for government, but the problem is I can be bought. 1 Link to comment Share on other sites More sharing options...
canuckster19 Posted November 13, 2020 Share Posted November 13, 2020 1 minute ago, Jimmy McGill said: I should run for government, but the problem is I can be bought. Why doesn't that shock me? 1 Link to comment Share on other sites More sharing options...
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