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Bank Says If You Choose to Work From Home After Office Reopens, You Should Pay a Tax

If you’re one of the millions of Americans working from home during the pandemic, you may be wondering if it’s something you could keep doing even after your office re-opens.

One of the world’s most influential banks has issued a new report saying if you ultimately have the option to work at an office, but choose not to, you should pay a tax for that privilege.

But many people working from home, who are now using and paying for more electricity and many other essentials at home that would normally be provided in an office, disagree.

Mike McKee is one such worker. He was leasing a room when COVID-19 hit and forced him to work from home.

“When I open up my computer and they see a four-poster bed frame behind me it doesn’t look good. It’s not conducive to a productive work environment,” he said.

To create a home office space, he had to move into a new apartment and furnish it.

For him working from home has neither been a privilege, or saved him cash.

“Including the cost of the apartment, we’re taking thousands of dollars,” he said.

Mixing households is not a good idea and doctors say there are some real dangers. Gordon Tokumatsu reported on NBC4 News on Monday, Nov. 9, 2020.

Under the Deutsche Bank privilege tax proposal, if McKee ultimately decides to keep working from home despite having an office space — and he earns $50,000 a year and is taxed at 5% — that’s $2,500 from his pay.

Deutsche Bank estimates he’s saving on transportation and dining out.

The bank says a privilege tax could generate $49 billion to help people less fortunate. Read from source….