[QUOTE]
Originally posted by Carl Childress
Quote:
Originally posted by Rich Fronheiser
Quote:
Originally posted by Carl Childress
Quote:
Originally posted by Rich Fronheiser
Quote:
Originally posted by Carl Childress
Quote:
Originally posted by Rich Fronheiser
Carl:
The IRS mileage rate for 2006 has been set at 44.5 cents per mile, exactly halfway between the January 1, 2005 rate of 40.5 cents and the September 1 emergency rate of 48.5 cents.
--Rich
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We don't use the IRS rate. Our rate is set by the Texas Comptroller.
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And the Texas comptroller doesn't pull the figure out of his backside. Your rate will be down to 44.5 cents in January just like everyone else's because that's what the IRS will allow for business mileage deductions.
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WEell, the rate is still 48.5 cents. Is the IRS figure NOW at 44.5? If so, what about the football and basketball officials who are getting 48.5? Will they have to pay texas on that extra 4 cents?
And what if the Texas comptroller, who knows someone very high up in Washington, decides Texans can't operate a vehicle at the current gas pices for less than 48.5?
The energy department said that crude would remain at $50 a barrel - permanently. That is, the days of $30 crude are over. I suggest the IRS will moderate its tone.
You're right, of course. Our comptroller doesn't pull the prices out of his "backside." I suspect they are carefully researched in house. Maybe that's not the way it's done in Wisconsin, where everything may be tied to the price of cheese.
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Nobody, NOBODY pays more than the prevailing IRS rate for mileage deductions. If they did, that money would have to be claimed as income.
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[/b]One of us can't read. Here's the URL for anyone who cares.
http://www.window.state.tx.us/comptrol/texastra.html
And here's the relevant portion of that page:
At a Glance:
State Travel Reimbursement
Lodging up to $85.00 per day
Meals up to $36.00 per day
Mileage 48.5 cents per mile (as of October 1, 2005)
What am I missing?
[Edited by Carl Childress on Dec 14th, 2005 at 03:48 AM]
Wed Dec 14, 2005, 03:44am
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