Taxes for Thee; But Not for Me - John Kerry's Yacht

[chanel]

Sen. John Kerry, who has repeatedly voted to raise taxes while in Congress, dodged a whopping six-figure state tax bill on his new multimillion-dollar yacht by mooring her in Newport, R.I.

Isabel - Kerry’s luxe, 76-foot New Zealand-built Friendship sloop with an Edwardian-style, glossy varnished teak interior, two VIP main cabins and a pilothouse fitted with a wet bar and cold wine storage - was designed by Rhode Island boat designer Ted Fontaine.

But instead of berthing the vessel in Nantucket, where the senator summers with the missus, Teresa Heinz, Isabel’s hailing port is listed as “Newport” on her stern.

Could the reason be that the Ocean State repealed its Boat Sales and Use Tax back in 1993, making the tiny state to the south a haven - like the Cayman Islands, Bermuda and Nassau - for tax-skirting luxury yacht owners?

Cash-strapped Massachusetts still collects a 6.25 percent sales tax and an annual excise tax on yachts. Sources say Isabel sold for something in the neighborhood of $7 million, meaning Kerry saved approximately $437,500 in sales tax and an annual excise tax of about $70,000.

Sen. John Kerry skips town on sails tax - BostonHerald.com

Friggin hypocrite.

 

[strollingbones]

why? do you think he should not save money? do you think others do not do this? do you order things off the internet to avoid sales tax?

 

[Skull Pilot]

why? do you think he should not save money? do you think others do not do this? do you order things off the internet to avoid sales tax?

he lives in MA, is a Senator and is fucking rich enough to pay the taxes. Should he not want to pay taxes in his home state? After all Joe Biden says it's patriotic to want to pay more taxes.

 

[Douger]

Two things.
One. I hate John Kerry..........and all politicians for that matter.
Two. Taxing a yacht is taxation without representation.

 

[strollingbones]

who said patriots pay taxes grudingly....

a lot of people have boats in marinas not in their home states

 

[Skull Pilot]

And MA governor Coup De Ville Patrick should try to collect taxes from Kerry. After all he tried to sue New Hampshire businesses for sales tax from MA residents who bought tires in NH.

 

[strollingbones]

i am not sure how that is done....a lot of people in western nc have slips in tn at watauga lake. i think you still pay a property tax on it ...in nc.

 

[chanel]

Anyone who could afford to would do the same thing. However the average boat owner in MA, probably doesn't have the luxury of docking his boat in another state. It's just another example of how high taxes force people, businesses, and even yachts to move elsewhere.

Kerry proposed legislation to combat tax shelters in foreign countries. But he has no problem doing it in another state. Friggin hypocrite.

 

[WillowTree]

isn't obie wan going after tax evaders? tell him there is 500,000 dollars sitting in the water in RI. Fricking hypocrites want to sit around all day in their elititst suits and dream up ways to tax the American Citizen and then isn't willing to pay his fair share.
Anyone who can own a four million dollar yacht can pay the friggin taxes for chrisssake.

 

[chanel]

Yeah. I heard MA has a HC problem.

 

[Mr Natural]

Seems like a perfectly good solution to a troublesome business problem.

 

[editec]

Sen. John Kerry, who has repeatedly voted to raise taxes while in Congress, dodged a whopping six-figure state tax bill on his new multimillion-dollar yacht by mooring her in Newport, R.I.

Isabel - Kerry’s luxe, 76-foot New Zealand-built Friendship sloop with an Edwardian-style, glossy varnished teak interior, two VIP main cabins and a pilothouse fitted with a wet bar and cold wine storage - was designed by Rhode Island boat designer Ted Fontaine.

But instead of berthing the vessel in Nantucket, where the senator summers with the missus, Teresa Heinz, Isabel’s hailing port is listed as “Newport” on her stern.

Could the reason be that the Ocean State repealed its Boat Sales and Use Tax back in 1993, making the tiny state to the south a haven - like the Cayman Islands, Bermuda and Nassau - for tax-skirting luxury yacht owners?

Cash-strapped Massachusetts still collects a 6.25 percent sales tax and an annual excise tax on yachts. Sources say Isabel sold for something in the neighborhood of $7 million, meaning Kerry saved approximately $437,500 in sales tax and an annual excise tax of about $70,000.

Sen. John Kerry skips town on sails tax - BostonHerald.com

Friggin hypocrite.

If this is true?

BINGO!

 

[Flopper]

There is nothing wrong with using the tax laws to your advantage. If the senator missed a half million dollar in tax saving, the opposition would have inferred that he is too stupid to be a senator.

 

[Synthaholic]

Hmmm....the boat was designed by a RI boat maker, built in RI, and moored in RI. Why shouldn't RI get that sales tax? Why is MA more deserving of that tax money than RI?

 

[LibocalypseNow]

John Kerry is such a dishonest buffoon. This shouldn't surprise anyone. Remember when he said we were in a "Depression" when Bush had a 4% Unemployment Rate? Where the f*ck is that hack today while his Hopey Changey is destroying our nation with his disastrous 10% Unemployment Rate? Talk about a "Depression?" Yikes!

 

[Synthaholic]

John Kerry is such a dishonest buffoon. This shouldn't surprise anyone. Remember when he said we were in a "Depression" when Bush had a 4% Unemployment Rate? Where the f*ck is that hack today while his Hopey Changey is destroying our nation with his disastrous 10% Unemployment Rate? Talk about a "Depression?" Yikes!

Nice hysterical rant! What does it have to do with the facts of this story?

 

[LibocalypseNow]

John Kerry is such a dishonest buffoon. This shouldn't surprise anyone. Remember when he said we were in a "Depression" when Bush had a 4% Unemployment Rate? Where the f*ck is that hack today while his Hopey Changey is destroying our nation with his disastrous 10% Unemployment Rate? Talk about a "Depression?" Yikes!

Nice hysterical rant! What does it have to do with the facts of this story?

He's a dishonest buffoon. That's what.

 

[Synthaholic]

John Kerry is such a dishonest buffoon. This shouldn't surprise anyone. Remember when he said we were in a "Depression" when Bush had a 4% Unemployment Rate? Where the f*ck is that hack today while his Hopey Changey is destroying our nation with his disastrous 10% Unemployment Rate? Talk about a "Depression?" Yikes!

Nice hysterical rant! What does it have to do with the facts of this story?

He's a dishonest buffoon. That's what.

Why?

 

[LibocalypseNow]

Nice hysterical rant! What does it have to do with the facts of this story?

He's a dishonest buffoon. That's what.

Why?

I think the OP covered that.

 

[Synthaholic]

He's a dishonest buffoon. That's what.

Why?

I think the OP covered that.

No. How is he being dishonest? And why doesn't RI deserve the sales tax?