Saturday, August 26, 2006
Taxing the Swag
The news is full of stories about Hollywood stars paying taxes on their free SWAG Bags. These bags have been valued at $100,000 dollars in the past. A special tax form will be filled out with their other taxing forms at tax time.
I was wondering why President Bush does'nt have to pay taxes for using Air Force One when he travels for political campains for himself and other republicans ?
Why does a Vanderbilt faculty member get to use department money and student lab fees for their personal pet projects and not pay taxes ? Chancellor Gee has free use of a house which is presently getting a million dollar make over. He does not pay taxes for his use of this house.
Keep in mind , Vanderbilt is a billion dollar for profit buisness that has tax exempt status and the IRS is concerned about taxing a few thousand dollar gift bags for celebrities.
