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Travel Discussion
Reply to "Business Travel Upgrades Out of Pocket: Wise Investment or Unnecessary Expense?"
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[quote=Anonymous]I think about it in terms of value of a day. Upgrading to Europe saves me about six hours of productivity. I earn $750k per year for about 250 eight hour days of work, or about $3,000 per day. So 6/8*$3750 is 2,000. Not surprisingly, when I travel for work, I always buy business class. (Especially helpful is the fares are deductible from income, so effectively half off with federal and state taxes). If you are a salaried employee I don't think you can deduct the out-of-pocket upgrade cost, but if you have consulting/business income, you can.[/quote]
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