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By Bruce Nason PC

If you deduct your boat payments as a second home on your Federal Income Taxes there may be changes in the wind. “There’s absolutely no reason why taxpayers should subsidize luxury yachts,” said Democratic Representative Mike Quigley of Illinois when he introduced the two-page bill in 2013. It amends a provision in the federal tax code that allows boat owners to deduct mortgage interest on vessels used as second homes. Boat owners qualify if the vessel has basic living accommodations, including a toilet, a galley kitchen, and a place to sleep. The 73-year-old tax break applies to small weekend sailboats as well as multimillion-dollar yachts. It’s one of many provisions under scrutiny as Congress considers a major overhaul of the tax code. The bill’s sponsors say cutting the break for boats will save more than $150 million over 10 years—however the boat industry argues it’s not the rich but average Americans who’ll take the hit, the average boat loan is for $49,000, and more than three-quarters of owners have household incomes of less than $100,000.

On a happier note, our cold harsh winter has had at least one good effect. The nearly total ice cover of the great Lakes, Lake Michigan and Lake Heron in particular, has caused the water level to raise more than a foot from last year and predictions are that the water level will continue to increase throughout the summer. The downside however, the winter ice cover is expected to keep water temperatures colder than in the past several seasons, which of course will also affect the air temps out on the water.

 

SSYC ice 2s  SSYC ice 1s  SSYC ice 3s  SSYC ice 4 

 

Watch for a BIG sale on left over 100th Anniversary clothing. General Manager Pat Nora will be marking down the prices of polos, t-shirts, jackets and ball caps with the anniversary logo. Speaking of our 100th Anniversary, Rear Commodore Jerry Kedziora is putting the finishing touches on the frames for the tile murals in the  front entrance and the much delayed, and I humbly apologize for that, anniversary book is in the final proofing stage and will be off to the printer very soon. Every member will receive a copy when complete. 

Curious About Membership?

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On Deck

Queen's Cup Week!

Activities Tuesday thru Friday

Click here for details.  

A Day at the Lake

July 7th, 8 AM - 11 PM

Click here for details. 

 

Happenings

Mon, Jun 18
MBWOS Race MYC
Tue Jun 19 @05:00PM
Taco Night
Tue Jun 19 @07:00PM
Power Boater's Mtg C/R
Wed, Jun 20
Mark Stevever Memorial Race
Wed Jun 20 @04:00PM
Queen's Cup Sales

Sailing and Racing

SailboatsIf you are interested in sailing, and more specifically racing, there are ample opportunities to join one of our racing fleets, or to crew on one of the boats in those fleets.  The women's fleet races on Mondays, small boats race on Tuesdays.  Big boats race on Wednesdays and Saturdays.  And the double handed fleet races on Fridays.

You can learn more about the various racing fleets by clicking here.  And the racing schedule (for all fleets) is available here.

Powerboating

PowerboatOur power boaters are active fishermen.  An annual fishing contest is held in July.  

In addition, our power boaters host a number of events, usually on Thursdays as well as many weekends.

Click here for additional information.

Juniors

KaszubeCupSSYC offers sailing lessons and a year-round program for children ages 8 - 18.  We offer a six-week series of lessons in Opti's, 420's and Lasers.  Our juniors attend a number of regattas throughout the summer, and host one of thelargest regattas on Lake Michigan, the Kaszube Cup.

Click here to learn more about the Junior program, and here to find out more about the Kaszube Cup regatta.

Social Activities

PartyThe restaurant is open every Friday for lunch and dinner.  

The Entertainment Committee hosts various parties, including:

  • St. Patrick's Day
  • Disco Night
  • Kentucky Derby
  • Review of the Fleet
  • Corn Roast
  • Change of Watch
  • New Year's Eve

and many other, less formal, events throughout the year.

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