On a company's tax return, it can deduct many expenses such as utilities, subscriptions, insurance, 401(k) match portion, FICA/Medicare matches, travel expenses, salaries, and depreciation (formulated costs of wear and tear of assets).
Our government is on the verge of collecting taxes on certain of these expenses. Not through the company's tax return, but through employee's W2 wages.
A friend works for a large medical office. This weekend, the company had a picnic for all employees and their families. The event included a meal, activities for children with prizes, door prizes for adults, and admission to the Zoo.
The day will come (sooner than later) when my friend's W2 will reflect the cost of her meal as well as her "date's" and an equal portion of the extras enjoyed that day.
We know her health coverage will be on her W2 as early as 2010. Possibly Uncle Sam will have her pay taxes on her employer's portion of her Social Security and Medicare. The company's "match" of her 401(k) will be taxed in the future when she draws it out. Maybe Obama can figure out how to tap that benefit too.
'til later
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