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-   -   Sen. Kerry's Boat: where does he dock it? (http://www.striped-bass.com/Stripertalk/showthread.php?t=65202)

PRBuzz 07-23-2010 01:31 PM

Sen. Kerry's Boat: where does he dock it?
 
Report: U.S. Sen. Kerry docks yacht in Rhode Island, saving $500K - Brockton, MA - The Enterprise

BOSTON —

Massachusetts Sen. John Kerry is docking his family’s new $7 million yacht in neighboring Rhode Island, allowing him to avoid paying roughly $500,000 in taxes to the cash-strapped Bay State.
If the “Isabel” were kept at the 2008 Democratic presidential nominee’s summer vacation home on Nantucket, or in Boston Harbor near his city residence, he would be liable for $437,500 in one-time sales tax. He would also have to pay $70,000 in annual excise taxes.
Rhode Island repealed those taxes in 1993. That has made the state something of a nautical tax haven.



(maybe this should have gone under Political Thread?)

spence 07-23-2010 02:21 PM

You're too late.

-spence

FishermanTim 07-23-2010 03:35 PM

This topic was already started in the Political forum, under the correctly named thread "Dumb".

ProfessorM 07-23-2010 04:22 PM

that is what i would do if i had a 7 mill yacht.


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