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Old 10-29-13, 10:01 AM
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cyccommute 
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Originally Posted by acidfast7
325,000 bikes so far have been bought through this programme:

http://www.cyclescheme.co.uk/

scheme overview: http://en.wikipedia.org/wiki/Cycle_to_Work_scheme
Different program. The program that the Forbes article is talking about are like the B-Cycle program in Denver, the Bay Area Bicycle Share program in San Francisco or the Barclay's Cycle Hire program in London. The B-Cycle program has a fee that you can pay if you use it frequently enough or use the bicycles long enough to incur a cost. Employers appear to have been offering this as a benefit that wasn't taxed but the IRS decided otherwise. I suspect that something like the cyclescheme wouldn't fly with the IRS as well because of the language in the law that set up the bicycle commuter benefit. Here's a pretty good summary of the commuter benefits available to cars, van pools, parking and bicycles. Bicycles definitely get the fuzzy end of the lollypop for commuting costs while giving society the greatest benefit...damn car centric society!
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