Utterly Meaningless » Blog Archive » OT: IS THIS A GOOD IDEA?

    Filed at 10:06 pm under by dcobranchi

    I can see all sorts of problems with this proposal:

    The Internal Revenue Service announced a program Thursday where employees across the country can trade in their sick or vacation days in exchange for cash to help victims of Hurricane Katrina.

    Under the program, employees can donate their sick, vacation or personal days back to their company, according to an IRS statement.

    The company in turn will make a cash donation to any qualified tax-exempt organization providing relief in the region.

    Employers can then deduct the amount of the donation from their taxes and employees do not have to count the donated time as income.

    The employees donate their vacation time and the company gets the deduction? And what’s to stop companies from “encouraging” their employees this way?

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