While the nation suffers, Bowrama fiddles!
Senator John Kerrys 76 Foot Luxury Yacht Stored In Rhode Island To Avoid Massachusetts Taxes. 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 - Kerrys 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. (Gayle Fee and Laura Raposa, Sen. John Kerry Skips Town On Sails Tax, Boston Herald, 7/23/10)
* Saving Kerry Approximately $500,000. But instead of berthing the vessel in Nantucket, where the senator summers with the missus, Teresa Heinz, Isabels hailing port is listed as Newport on her stern 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. (Gayle Fee and Laura Raposa, Sen. John Kerry Skips Town On Sails Tax, Boston Herald, 7/23/10)
Read more: http://www.gop.com/index.php/briefing/comments/the_president_wears_prada#ixzz0uzD1i9d2