Charter captains will be getting crushed

[Hooper]

Originally Posted by beamie

Your correct Keeper, it will raise prices and some fares will opt out.. One thing to think about is most of the charter fleet are part timers, not thier full time real job. It is a side job. The "business" most times is operated as a big write off. Everything gets deducted as a cost of operating the business. From gas, gear, insurance... to the money spent on lunch for the day. Some of the years it is far in the red, thus they get a big deduction on thier taxes. They have to show a profit every so many years to make it legit. So this year will be a bigger deduction than last.....

I'm with you Beamie, I will run a few this year only because it is a part-time endeavour. I hate to work extra at my real job, but, I need to work extra, thus a few charters. In my mind, after the expenses are paid for a day on the water and if I can make the same money I'd make doing the grind, well that's a no brainer. It's a good write off, and if I can break even some years or earn a few bucks, why not. Plus, I can justify the cost to myself and more importantly, the Admiral.