The Jimmy Carter Rule

President Jimmy Carter thought that business executives were getting away with too much by deducting all of  their business meals so the 50% deduction was born back in the 70's. He was upset about the 3 martini lunch. So now if you take clients out to dinner or pay for meals on business trips only 50% of it can be deducted from  business income. There are exceptions to this rule though that allow a 100% deduction. Some of which include employee parties for the benefit of the rank and file employees, company outings for employees and their guests, meals served in the employer's office for the convenience of the employer, and snacks or beverages provided to employees at the office.