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Abstract

No new tax is ever popular, but country club members look at President Clinton's elimination of the deductibility of club dues like they look at a slice into a water hazard. The Tax Act of 1993 eliminated the old 80 percent deductibility of club memberships, including country clubs, fraternal clubs, business clubs, athletic clubs and even airline travel clubs. Businesses who could give their employees club memberships to use for customers, then write off the dues as a business expense, cannot write off club expenses anymore. (excerpt)

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Copyright ADD, Inc. Apr 26, 1994