Paying For Perks

-- The green-eyeshade brigade at the Internal Revenue Service is hitting White House officials with hefty tax bills for free parking, even though IRS execs have found a way to minimize their own taxes on the same cherished perk. IRS officials are paying only about $100 a year in taxes because they're no longer using parking spaces reserved in their names. No such luck for senior Clinton aides. They've received notices demanding back taxes on the imputed value of their high-status White House spaces. "This is going to cost me two thousand bucks," moans one top White House official. He notes that many more Clintonites are driving themselves to work these days, now that full-time use of chauffeured government cars has been restricted to all but a few top Presidential assistants. Feeling sympathetic?

To continue reading this article you must be a Bloomberg Professional Service Subscriber.