Posted on 07/23/2010 9:15:08 AM PDT by NormsRevenge
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Rhode Island repealed those taxes in 1993.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.
(Excerpt) Read more at news.yahoo.com ...
It was build in New Zealand too.
Gee, mighta been a few American jobs there if he had it built here, huh?
Frankly, I find it hard to blame Kerry.
$437K is a LOT in taxes.
I suggest that everyone in Taxachussetts follow Senator Kerry’s example and move their taxable assets out of state.
Any connection ?
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A look at the homes owned by John Kerry and Teresa Heinz Kerry (no pics)
http://www.freerepublic.com/focus/f-news/1103094/posts
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The many homes of John Kerry (with pics)
http://urbanlegends.about.com/library/bl_kerry_homes.htm
Comments: Apart from one egregious falsehood - namely that John Kerry sold an Italian mansion to actor George Clooney just before announcing his run for the presidency - the above facts and figures were lifted directly from an Associated Press story dated March 22, 2004, and are presumably accurate. According to that article, the combined value of the properties owned by the candidate and his wife, Teresa Heinz Kerry, is nearly $33 million.
Please note, however, that all but one of the properties are deeded to Teresa Heinz Kerry alone, or to the Heinz family. The only residence in which candidate John Kerry owns a personal stake is the Beacon Hill brownstone in Boston.
The Marshal Islands is the place many, many super-rich register their pleasure vessels.
This craft was an instant classic the day it was launched.
$7 mil is a lot of money, but I'm sure Madam wouldn't let little Johnny waste her money.
Sen. Kerry: “Taxes for thee,but not for me....nani..nani..booboo”
I can’t imagine there aren’t some places in Mass. that can service and maintain the boat just as well as the folks in RI. Maybe he should check with the Kennedy’s. I think kerry needs to spend his money in his home state.
And, I’m SURE he would be very happy to pay the sales tax and docking tax.
for 7 million? wow, custom deluxe for sure, I hope it sleeps at least 4 comfortably, ya could build a nice houseboat barge for that
No, wait, this is just their sail it around on Sunday and show it off yacht.
No room for servants and security on an overnighter and you know Tahrayzaa and her gin soaked raisins, she says the hugh sacks stowed below are just ballast. John will say its all the rice he plucked out of his butt in Vietnam. anyway, no room for servants either.
Quelle Qerryesque!
Can you say...hypocrite?!
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