Shaking and Stirring the Three-Martini Lunch Tax Break Myth


Peter Faber, in this tongue-in-cheek bylined article, assessed the contention that some business people routinely have three-martini lunches and then deduct the cost on their tax returns, concluding that any person indulging in those libations would likely be too inebriated to file the necessary paperwork. As Mr. Faber put it, “the present [tax] regulations seem self-enforcing, in that the ability of a taxpayer to meet its requirements is inversely proportional to the amount of liquor consumed at the meal.”