Husband finally received his 35 year Rolex watch and guess what? He has to pay tax on it? Isn't that a kick in the teeth? Don't you think the company is as cheap as they can get? I mean how many 35 year employees do THEY have anyway? What are your feelings and I think this should go to the news!
35 Years loyal service to National Company!`?
i feel the same way as you do but anything given to you by your company that has a monetary value, needs for tax to be paid on it.
last year, i won a contest and the prize was fully taxable
enjoy the watch
Reply:What? Why are you angry with the company? It has absolutely nothing to do with them. It's the Internal Revenue Code that dictates all gifts from a company to an employee (unless it's incredibly small) must be taxed- not your husband's company. Be grateful he got anything. There are thousands of companies out there who've cut bonuses, salaries, jobs, and benefits. The fact that your husband's company still gave him such a generous gift shows he IS valued- not that he isn't.
You should be happy- I would be. :0)
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