Originally Posted by
Alan Shore
His salary from ALPA was around $347K. The rest of the $1.3M was housing, transportation, and other expense reimbursements.
That's just not correct Alan. $347K was base compensation. $158K was deferred compensation subtotaling $505K. $30K in tax free benefits gives us a subtotal of $535K which is all money in his pocket.
Originally Posted by
Alan Shore
They were huge to be sure, but they did not take the form of money in his pocket at the end of the day.
Incorrect again. After his direct compensation of $535K, there was "other compensation" totaling $742K. The IRS considers it ALL to be taxable compensation because it is actually money in his pocket. Mr. Moak CHOSE to keep DC as his secondary residence. That means he's CHOSEN to be a commuter. But unlike the rest of us, Moak gets fully reimbursed for his second residence, cars and meals. Since Moak is so reimbursed, the IRS correctly considers it ALL taxable compensation. Furthermore, Moak is not under a plan whereby he only gets reimbursed for actual receipted costs. He gets a block grant of money to handle what ALPA thinks a second residence, cars and food will cost.
Don't mean to return your stubbornness with more stubbornness Alan, but no accountant and no IRS person would agree with the case you're trying to make. Lee's compensation was just under 1.3 million dollars. Exactly as Index said.
Carl