Re:Google is saving $1B per year as a result of employees wo...
by cobookman on Thursday April 29, 2021 @12:11AM
(#26977364)
and taxes. Buy lunch yourself, its on after-tax wages. Employer buys you lunch, it is a tax write off for the employer.
Income tax at the marginal tax rate can reach nearly 40% for some of these workers. So that $10 lunch would require a pay-raise of nearly $17 to break-even.
Income tax at the marginal tax rate can reach nearly 40% for some of these workers. So that $10 lunch would require a pay-raise of nearly $17 to break-even.