He Was Paid $30,000 in Cattle. Social Security Counted $0 Toward His Benefit.

He Was Paid $30,000 in Cattle. Social Security Counted $0 Toward His Benefit.

The post He Was Paid $30,000 in Cattle. Social Security Counted $0 Toward His Benefit. appeared first on 24/7 Wall St.. When Payday Comes With Hooves A ranch hand agrees to receive part of his compensation in cattle. Along with his cash wages, the ranch transfers several identifiable animals worth $30,000. They are not a gift or a bonus he can ignore at tax time. They are taxable compensation. But the tax code treats that compensation differentl…