All perquisites are treated as part of the compensation package of an individual. In accordance with United States income tax laws and regulations, items that are subject to Federal Income Tax should be treated by the employee as taxable income. The value of the taxable benefits will be recorded in the employee's W-2 or 1099. The employee is responsible for maintaining appropriate documentation to support the deductibility of any employment-related expenses for income tax purposes.
I am guessing that this is true.
Let's see.. four million dollars for the vacation plus the added expense of interrupting the vacation for a day or two back on the job and then back to Hawaii -- including additional wide-bodies both ways for staff and gear like the limo -- say, one million dollars extra.
That's five million dollars of taxable income.. wow! that's almost Obama's annual salary. How does the poor guy manage to get by? Golly.
Don’t forget TOTUS gets its own private G550.