Tuesday, October 6, 2009
by Broderick Perkins
© 2008 DeadlineNews.Com
Unauthorized use of this story is a copyright violation -- a federal crime
Deadline Newsroom - Isn't it time for a big fat tax credit for home-based businesses?
They've paid their dues.
Home-based business owners typically don't qualify for unemployment benefits, they can't buy job-loss insurance, they pay more Social Security and Medicare taxes than salaried workers and the demise of "stated-income" mortgages has priced many of them out of the home-buying market.
Yet they are old-school planet savers who drive less and reduce both traffic congestion and pollution.
A study commissioned by the Consumer Electronics Association (CEA) "The Energy and Greenhouse Gas Emissions Impact of Telecommuting and e-Commerce"found that the estimated 3.9 million U.S. telecommuters reduced gasoline consumption by about 840 million gallons, while curbing carbon dioxide (CO2) emissions by nearly 14 million tons. That's equal to removing 2 million vehicles from the road every year.
Give home-based businesses a break, a tax break -- if not more.
The so-called "Cash for Clunkers" gave qualified car buyers $4,000 in tax credits for trading in old cars, for newer fuel-efficient models -- an approach to greening the highways.
Expiring November 30, the $8,000 first-time home buyers tax credit helped pull the housing industry out of a nose dive in the name of economic stability.
And the American Recovery and Reinvestment Act comes with a relatively little-used tax credit of up to $1,500 on energy-saving products for the home.
The American Homeowners Grassroots Alliance is lobbying for a $2,000 tax credit for technology expenses used in teleworking (hardware, software, broadband access, cell phones, etc) that would go to whomever purchased the products/services (business owner, telecommuter, employer), among other long overdue benefits for those who work at home.
The effort is a part of AHGA's recent appeal to the Federal Communication Commission for a variety of incentives to promote "teleworking" -- home-based businesses or telecommuting with a heavy reliance upon modern technology.
"With the dramatic growth in two income families, time-starved parents find that teleworking helps them cope with the many responsibilities of child-rearing. As commuting distances and times lengthen due to suburban sprawl, teleworking also provides a way to recapture precious hours lost to traffic jams," said Bruce Hahn, AHGA president.
Virginia Governor Tim Kaine said when 2,286 federal and private sector employees as well as 1,765 state employees participated in Telework Day in Virginia on Aug. 3, they saved the state approximately $113,000 by not driving and reducing pollutants.
That could amount to a savings of $807 million in commuting costs it all eligible employees teleworked one day per week for a year.
A survey of Virginia's teleworkers also showed that 69 percent felt they accomplished more than a typical day at the office and 91 percent said that they would be more likely to telework again as a result of their experience.
To stimulate telework businesses, help the environment, and reduce state and local transportation infrastructure costs AHGA is also lobbying for
Sales tax exemption on Internet buys because they reduce transportation costs associated with in-store shopping.
Shortening the depreciation periods for technology products to two years to encourage teleworkers to maintain technological competitiveness.
Click on the keywords below for more stories on this subject.
© 2008 DeadlineNews.Com
Advertise on DeadlineNews.Com | Shop DeadlineNews.Com
Get "News that really hits home!" for your Web site or blog from the DeadlineNewsGroup.Com.
You are reading a sample of "News that really hits home!", now available from several beats and published in a growing number of locations.
Broderick Perkins, an award-winning consumer journalist, parlayed 30 years of old-school journalism into a digital real estate news service, the San Jose, CA-based DeadlineNews Group, including DeadlineNews.Com, a real estate news and consulting service and Web site, and the Deadline Newsroom, DeadlineNews.Com's news back shop.
Perkins is also the first Examiner to cover three beats for the Examiner.com news service:
National Offbeat News Examiner
National Consumer News Examiner
National Real Estate Examiner
DeadlineNews.Com's Editorial Content Is Intellectual Property Unauthorized Use Is A Federal Crime