November 8, 2011

The Mustached American Tax Incentive: STACHE Act

Tax policy professor Dr. John Yeutter and the American Mustache Institute have proposed a "Stimulus To Allow Critical Hair Expenses", or the STACHE Act, to provide up to a $250.00 annual tax incentive for Mustached Americans. The reason? According to the proposal, "the social and environmental benefits to mustache growth and maintenance provide a service to the U.S. economy."

"Given the clear link between the growing and maintenance of mustaches and incremental income, it appears clear that mustache maintenance costs qualify for and should be considered as a deductible expense related to the production of income under Internal Revenue Code Section 212." - Dr. John Yeutter, Ph.D., CFP®, Associate Professor of Accounting and Tax Policy at Northeastern State University in Tahlequah, Oklahoma, in his White Paper "Mustached Americans And The Triple Bottom Line.

Find out more and sign the petition here: STACHE Act: The Mustached American Tax Incentive

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Posted by Derek Markham at November 8, 2011 6:30 AM
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