Coronavirus: CDC encourages people to work from home if possible
As the coronavirus spreads, the CDC encourages people to work from home to reduce contagion, but what if your job doesn’t allow it?
UNITED STATES TODAY
Employees who choose to work remotely should pay a tax to help low-income workers who cannot, according to a Deutsche Bank research note.
According to the research report titled “What we need to do to rebuild“Employees who work from home enjoy immediate financial benefits, including reduced travel, food and clothing costs.
The report suggests that the employer would pay the tax if it does not provide the worker with a permanent office. Otherwise, the employee would pay tax.
“Our calculations suggest that the amounts collected could fund material income subsidies for low-income people who cannot work remotely and thus bear more risks for the ‘old economy’ and health,” Jim Reid, global manager of fundamental credit strategy and thematic research at Deutsche. Bank, said in the report.
With an average salary of $ 55,000 at a 5% tax rate, Deutsche Bank estimates that an average person would pay more than $ 10 per day in tax and collect a total of $ 48 billion per year.
The report says the tax should only apply outside of times when the government advises people to work from home, as happened during the pandemic. The tax should also exclude low-income workers and the self-employed.
As the coronavirus pandemic took hold in the United States, many companies forced their employees to work remotely to stop the spread. As the practice has become normal during the pandemic, more and more employers seem open to allowing remote working even after the pandemic has passed.
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Deutsche Bank estimates that the proportion of Americans who worked from home (WFH) during the pandemic has jumped to 56%.
“The sudden shift to the WFH means that, for the first time in history, a large number of people have disconnected from the world face to face but still lead busy economic lives,” said researcher Luke Templeman in The report. “This means remote workers contribute less to the infrastructure of the economy while receiving its benefits.”
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