If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(NYPost)   3 Martini lunch will rescue economy   (nypost.com) divider line 7
    More: Spiffy  
•       •       •

1843 clicks; posted to Main » on 04 Oct 2001 at 8:20 AM (12 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



7 Comments   (+0 »)
   

Archived thread
 
fb-
2001-10-04 08:55:11 AM
Grimes: Well, some kind of farm animal anyway. And earlier today, I saw him asleep inside a radiation suit. Can you imagine that he, he was hanging from a coat hook.

Lenny: He had three beers at lunch. That would make anybody sleepy.
 
2001-10-04 09:02:17 AM
What about the average shmo. Can i tax deduct my taco bell meal?
 
2001-10-04 09:09:35 AM
The "3 Martini lunch" is a cute way to dismiss the issue, but it's more complex than that.

There's a computer trade show coming next weekend. I've got some people going, and Saturday night, they go out for a big dinner and relax and celebrate. Bill, $100, and not a drop of alcohol need be involved. (Could easily be a lot more depending on how many and where.)

In the books I have to keep for the SEC, that's an expense for $100, reducing my monthly profit for $100. But for the books I have to keep for the IRS, that's an expense for $50, reducing my taxable income by only $50. I'm being taxed for $50 of income I didn't get, though if I'd spent that $100 on advertising it would all been accepted by the IRS.

So, the IRS wants me to spend money with advertisers, not with restaurants. If that's the policy, cool, I can go with that. Is that the policy we want?
 
2001-10-04 09:12:13 AM
FarkDaPoor, nope, you can't deduct your taco bell meal. Nor can my employees deduct what they pay on meals, when I tell them that since the tax law declares that paying them for a meal isn't really a business expense, no more after convention meal.

Naw, I won't do that to them. But I'll be having fewer people traveling, and fewer events at restaurants.
 
2001-10-04 09:40:28 AM
Now that's what I call a good move!

There's nothing better than coming back to work blasted.
 
2001-10-04 10:35:11 AM
"To alcohol...the cause of, and solution to, all of life's problems!"
 
2001-10-04 11:22:22 PM
And, if it doesn't, we'll still be too drunk to care!
 
Displayed 7 of 7 comments



This thread is archived, and closed to new comments.

Continue Farking
Submit a Link »






Report