Romney's party yacht has a Cayman Islands flag

Discussion in 'Politics' started by Chris, Sep 5, 2012.

  1. Chris
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    Chris Gold Member

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  2. beretta304
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    beretta304 BANNED

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    Nothing like 3 day old news that doesn't mean shit!
     
  3. Warrior102
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    Warrior102 Gold Member

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    Horrific.
    Is it parked next to John Kerry's (Mass.) in Rhode Island, you assfucking little beaaaaaaatch?
     
  4. Full-Auto
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  5. blastoff
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    blastoff Undocumented Reg. User

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    Day or two late and a dollar short. Some other lefty idiot ran this up the flagpole a day or so ago. But thanks for playing anyway.
     
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  6. Katzndogz
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    Katzndogz Diamond Member

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    You would think that this would have died when the Yacht isn't Romney's, he wasn't there and the flag is the flag of Jamaica.
     
  7. Warrior102
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    Warrior102 Gold Member

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    Obama's yacht is flying Al Queada's flag
     
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  8. Katzndogz
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    Katzndogz Diamond Member

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    obama's ass has an Al Queada flag tattoo.
     
  9. Chris
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    Chris Gold Member

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    Gov. Mitt Romney's campaign toasted its top donors Wednesday aboard a 150-foot yacht flying the flag of the Cayman Islands.

    The floating party, hosted by a Florida developer on his yacht "Cracker Bay," was one of a dozen exclusive events meant to nurture those who have raised more than $1 million for Romney's bid.

    "I think it's ironic they do this aboard a yacht that doesn't even pay its taxes," said a woman who lives aboard a much smaller boat moored at the St. Petersburg Municipal Marina.

    Romney Party Yacht Flies Cayman Islands Flag - ABC News
     
  10. beretta304
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    beretta304 BANNED

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    Why so few American megayachts fly the American flag.


    The answer is significantly less nefarious. The reason otherwise red-blooded American yachts fly non-American flags has little to do with political sentiment, and a whole lot to do with tax and employment laws, strict United States Coast Guard regulations, and plain old supply and demand.


    Compared to any number of other popular flag states such as the Caymans, The Bahamas, or the Marshall Islands, the United States is a fairly difficult place to register a large yacht. A main reason for this is that all U.S.-registered yachts must be staffed by American citizens who have undergone rigorous training to obtain USCG certification. From a tax perspective, the U.S. government views an American working as a deckhand on a U.S.-flagged megayacht cruising off of St. Tropez no differently than it views an insurance salesman plying his trade in Topeka—that is to say, a yacht flying the American flag is, essentially, U.S. soil no matter where she is located. The financial consequences of this view can be major for owners who choose to register in America because they are constrained to account for U.S. taxes when paying the crewmember. With social security and unemployment taxes what they are, this often means paying an American crewmember twice as much as say, an equally qualified Australian who is exempt from U.S. taxes but who the owner could only hire were his boat registered in a more lenient, foreign-flag state.


    The Cost of American Megayacht Ownership
     

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