Re: gas mileage reimbursement laws (california)

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On 7/15/08, rick wilson wrote:
> On 3/08/08, sharwinston wrote:
>> You get the info from the IRS website.
>> Current rate is: 50-1/2 cents per mi.
>> This figure includes gas, wear & tear, etc).
>>
>
> Gas is one thing Wear and tear is yotally something different..
> Tires, factory recomended cost isn't include

the IRS rate (estimate) is more than gas (although gas is a big part).
instead, the IRS rate includes tires, expenses, insurance, and all
operating expenses. as the IRS announcement says at
http://www.irs.gov/newsroom/article/0,,id=184163,00.html online:

"Rising gas prices are having a major impact on individual Americans.
Given the increase in prices, the IRS is adjusting the standard mileage
rates to better reflect the real cost of operating an automobile," said
IRS Commissioner Doug Shulman. "We want the reimbursement rate to be
fair to taxpayers."

"While gasoline is a significant factor in the mileage figure, other
items enter into the calculation of mileage rates, such as depreciation
and insurance and other fixed and variable costs."

cheers.