Under the changes to the US tax code as outlined by the Obama administration, workers in various fringe professions, among them rowing coaches, will be permitted to deduct the time spent doing some of the more onerous tasks their jobs require from their taxes in any given year. In effect, time spent doing certain things will be tax-exempt.
"Our thought was to soften the tax penalty on earnings in those professions that already operate in near-double jeopardy because of the demands of these jobs," said tax attorney and US Dept. of Finance representative Flip Saunders. "If you spend a certain amount of time doing things that are necessary to your job, but rob you of freedom, sleep and time, this administration feels that you should not have to incur further penalties as a result."
Coaches will now be required to itemize and submit simple documentation for all time spent doing certain tasks on their tax returns, and will not be taxed on those hours.
The new rules will certainly take some getting used to, as many items that specifically affect crew coaches do not fall under the new regulations. Time spent talking to parents, dealing with SIDs or looking for a foolproof way to theft-proof 7/16s wrenches are not covered by the new tax code. However, a few tasks that are fully deductible under the new tax laws are setting buoys or racecourses in March, any time spent driving a trailer on an interstate highway between the hours of 11pm and 7am, painting blades, and attempting to starboard-stroke a Vespoli V1.
Comments | Log in to comment |
04/01/2009 12:29:42 PM
04/01/2009 5:14:36 AM