Every year, 'round this time, we get a message from the Accounting folks something like the following (this year's message):
Effective January 1, 2011, the mileage reimbursement rate for the use of personal cars in conjunction with company business will be 51¢ per mile, up from the current 50¢.
The reimbursement rate supposedly covers all aspects of vehicle ownership - car payment, depreciation, insurance, maintenance... plus gas, of course.
No mention of reimbursement for riding my bicycle on company business.
If I could get 50¢/mile for my bike miles, it would've paid for the cost of the bike purchase a little over a year ago, plus all the expenses of operating the bike, and I'd still have several hundred dollars left over.