TOP TAX DEDUCTIONS FOR NASCAR DRIVERS

NASCAR drivers are notorious for their unusual tax deductions.  While people often ask how much NASCAR drivers make, the real question is what do they get away with on their taxes.  With help from the IRS public records, here are the most unusual deductions on NASCAR driver returns this year. 

1. Elliot Sadler – Deducted Miles Commuted to Work (25,000+ miles)
Sadler deducted all the miles logged behind the wheel of the #19 Ford Fusion as “miles he commuted to work.”  Fatherhood has been kind to Sadler so far, after adding up the deductions for miles and gas, Sadler’s deduction came out to over fifty thousand dollars.  He cleared a tidy profit on this year’s returns.



2. Clint Bowyer – business losses from “Bowyer Awesome”

Clint is an excellent driver, but a horrible businessman.  ’Bowyer Awesome’was Clint Bowyer’s entry into the crowded market of "pickup artist" books.  The main tenant of his philosophy: TWBA (‘Tell Women Bowyer Awesome’). 

While Bowyer is widely respected for his alpha male magnetism, he miscalculated the public’s desire for his seduction manual. His book is one of the more notorious NASCAR Merchadise Fails.

3. Jimmie Johnson – Trophy Polishing Cream
This is the forth straight year that Jimmie has attempted to claim this polish cream as a business expense.  Apparently he has been collecting large trophies.  Little known Johnson fact: he also has someone on the payroll whose job is to compliment his teeth every morning.

4. Matt Kenseth – business losses for “Doctor Dandy’s Hats for Cats”

Matt Kenseth’s first love is racing, but a close second is his many cats.  Following the moniker to “make your passion your business,” Kenseth started a fashion line of hats for cats. And if you would like a cat hat, Matt has almost two-thousand, unwanted cat hats stored in his garage.

5. Team Red Bull – Aircraft Carrier Headquarters
You don’t have to pay taxes if you’re team headquarters is located in international waters.  Residing in parts unknown, Team Red Bull puts the motion in the ocean.