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STACHE Act: The Mustached American Tax Incentive | American Mustache Institute
STACHE Act: The Mustached American Tax Incentive
The social and environmental benefits to mustache growth and maintenance provide a service to the U.S. economy. And thus, noted tax policy professor Dr. John Yeutter and the American Mustache Institute propose the Stimulus To Allow Critical Hair Expenses, or the STACHE Act – which would provide up to a $250.00 annual tax incentive for Mustached Americans.
“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,” wrote 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.”
In “Triple Bottom Line,” Dr. Yeutter argues that the largely facial-hair-barren U.S. Congress – there are currently 29 Democratic mustaches and 12 beards in the 111th Congress – has previously provided tax incentives for specific societal segments whose efforts enhance economic growth including the “Job Creation and Worker Assistance Act of 2002,” a bill recognizing the contributions of educators to the American economy, and the corresponding necessary and unreimbursed expenditures to produce those contributions, allowing a special deduction for classroom teaching supplies.