The Have Yachts

Apart from anything else, why should teachers have to buy the tools to do their job?

74

Because for decades teaching has been marketed as ‘a calling’ not a job. People say things like, ‘teachers do what they have to’ or ‘no one goes into teaching for the money’ or ‘you might be the only person in some of these kids lives that care for them.’ These kind of phrases allow higher ups to continually slash teaching budgets while convincing teachers that they must fill the shortfall because of they don’t, who will? It’s bullshit.

78
- People are in for a rude awakening after republicans get rid of public schools. You think buying your own supplies is expensive — wait until you get the bill for going to private school.
  
  32
- Much like nurses in the U.K., and their current pay battles. There are even former nurses saying “they should do it for the love of the job”.
  
  3
They shouldn't. Education is critically and routinely underfunded because dumb people vote conservative.

16
- There will be a point where people will wish that education standards hadn’t been allowed to fall so low…but as long as the rich keep getting richer, I suppose no one will care.
  
  1
rich neighborhoods often pay $200+ per student per year for supplies.

poor neighborhoods just get by without supplies

12
I read that should as shouldn't and damn near had a ragefart.

1

That is because the jets and yachts are company provided and the company writes it off as an operational expense. You know, as schools should be doing with school supplies teachers need to do their job.

Companies also don't require their employees to bring their own desk and chair... I know.. do t give them any ideas.. and probably some scumbag employers did this anyway.

This is separate from the fact if companies should be allowed to expense luxury items... Like yachts and jets..

55

In Canada, a company-provided vehicle is a taxable benefit when used for personal purposes. This can include if you park the vehicle at home and drive to/from work if you have a fixed office location.

Of course, the rich work around this by making that yacht trip etc a "business expense" and entertaining similarly rich guests.

14
- Still fraud, just not investigated
  
  1
So many people think "tax deductible" literally means you subtract it from your taxes.

11
- It's still a hefty discount
  
  4
- "Tax creditable" just doesn't have the same ring.
  
  2
- Permanently Deleted
  
  1
- Might as well be, if they use it for work it counts. My boss bought a luxury RV for our company, he's the only one whose ever used it but technically there is a contract if a customer wants to rent it. Not that anyone was ever instructed to actually shill it.
  
  -1
Companies also don’t require their employees to bring their own desk and chair

Unless you work from home, then you are expected to have the space, supplies, desk, chair, electricity, internet connection...

5
- Plenty of employers provide at least some of that and reimburse for the rest. That should be the norm.. and it is still way cheaper than a desk space in an office.
  
  And for employees, the cost saving on the commute makes up for more than the costs of electricity and stuff.
  
  4
- Not really. The company should pay for everything you need to do your job.
  
  3
- Check with your boss/HR. My partner works for a University, and they have received an ergo mouse, chair, and motorized adjustable desk for their home office simply by requesting them. Most organizations have a budget for IT accomodations and they hardly ever use it.
  
  Also, if you can get a Dr's note for it, most places will purchase just about any accomodations you need for work. Larger monitors, ergo keyboard, dictation software...etc...
  
  1
They're not "allowed to" expense those things. At least, not in the way you mean. Whether or not regulators have an appetite to investigate is another matter.

4
In my opinion, companies shouldn't be allowed to expense anything. The entire concept is pointlessly complicated and only serves to favor businesses that can afford to hire teams of accountants. The law doesn't encourage any kind of value adding on the slightest, it's just a game to save money.

-1
- There are complicated parts of accounting, but basic expense tracking is simple and businesses would do it even if it didn't affect their tax treatment.
  
  If businesses couldn't write off expenses, it would be nearly equivalent to treating the corporate income tax as a universal sales tax. This would be incredibly damaging to small businesses and benefit behemoth vertically integrated companies, which is probably the exact opposite of what you want.
  
  If you get rid of expenses, you need to get rid of corporate income tax and either replace it with VAT or combine it with increases to personal income tax like taxing capital gains as ordinary income.
  
  4
- That would basically guarantee that no new business ever survives.
  
  2
- Companies shouldn’t be paying taxes at all. Just tax the people who own the companies directly based on the value of their shares.
  
  0

This is just plain incorrect.

The law doesn't allow CEOs to write off yachts.

Whether or not regulators investigate them is another matter.

35

Can't they just buy in the name of a company, which would be a 'business expense', which is kind of a write off?

11
- They would have to justify how it is a part of the companies operations. In theory at least.
  
  So a private jet to fly your execs to business meets? Ok.
  
  A yacht? Maybe for entertaining customers? I don't know about the US, but here in Australia entertainment expenses are written off at a lower rate than other business expenses.
  
  11
- It doesn't work like that. Expenses need to be "necessarily incurred in the course of producing income". Just be cause a company pays for something doesn't make it tax deductible.
  
  5
That's why they don't own the yachts, but they own the charter companies that run the yachts.

11

The system working as intended

33

Yup, not a bug, a feature.

6

The productive class vs the parasite class.

28

Teachers shouldn't be paying for teaching supplies in the first place.

23

Teachers shouldn’t have to buy their own supplies out of pocket to begin with.

23

I had a boss once who avoided paying taxes on his 49' sailing yacht by "donating" it to his church. It was then technically owned by the church (so no taxes, either transfer or property) but he still used it exclusively.

20

You can probably report that to the IRS right now.

25
Religious country

6

Well, have a party or three with businesses clients on the yacht and you can write that off. However, I think the vast majority of people have their yachts registered under shell corporations, and that opens up a lot of opportunities for writeoffs.

16

If I were a teacher, I would not buy school supplies with my own money.

13

The unfortunate part is that then kids in your class would be missing out on school supplies. It's not right for teachers to use their own money for school supplies though.

11
- That would be the schools and the parents problem. It would present a challenge to my job to find a way to teach without supplies, but I’d rather do that then spend my own money on my job.
  
  Edit: whoever is downvoting, I hope you spend your paycheck on your job
  
  -1

We need to normalize burning them.

4

The uh....the rich or the yachts?

5
- Both. Both are perfectly fine.
  
  6
- The schoolchildren
  
  1
That wouldn't be good for the environment.

Compost them instead.

3
- Or eat them, you know, many people are suffering from starvation
  
  2
That makes sense. Cause further damage to the ecosystem in the waters and give the enemy ammunition towards painting real change makers as dangerous or destructive

👌🏻

-1
- That makes sense. Cause further damage to the ecosystem in the waters and give the enemy ammunition towards painting real change makers as dangerous or destructive
  
  It would still be a net positive for the environment tbh
  
  3

super yachts need a hole drilled

Scuba gear and a drill

1

Scuba diver and sailor here. Above a certain size, boats have watertight bulkheads and pumps to remove water, like fire hose levels of water. May I suggest a thermal lance? Works great underwater, cuts through metal better than a drill, and can cut a slice long enough to cut past multiple bulkheads.

3

I’m no business professional but I believe the that is a decision made within a private company where as the school system is not. Not saying it’s right. Just pointing out a difference in where it isn’t within our power to change it and making such comparisons just serves as outrage bait.

Acknowledge what you can’t change. Find the courage to change what you can. Work on the wisdom to know the difference.

1