Posted on 07/27/2010 9:07:19 AM PDT by Hojczyk
"Let's not get silly here." That was Senator John Kerry's response Friday to questions about his new $7 million yacht, Isabel, which last week was berthed in Rhode Island rather than in Mr. Kerry's home state of Massachusetts. In doing so, Mr. Kerry will save almost $500,000 a year in taxes.
(Excerpt) Read more at online.wsj.com ...
Oh come now, the issue is not a US Senator avoiding his home state’s taxes
it is an issue of HUGE HYPOCRISY about a liberal who has spent decades showboating on passing populist legislation and developing govt programs that tax away our income to help the “unfortunate”- while hoarding his own fortune.
What ARE his principles, anyway?
And if Massachusetts wanted to drop its own boat taxes and become like Rhode Island, would liberals like Kerry support it? UNLIKELY
the boat is owned by an LLC incorporated in Pittsburgh PA- Heinz country
Probably more tax dodges
“Not His”- Kerry just is in control and has full use
Teresa obviously indulges her boy-toy’s hobby of collecting expensive boats, it’s cheaper and less embarrassing than the hobby of John Edwards
state Department of Revenue spokesguy Bob Bliss confirmed the senator “is under no obligation to pay the commonwealth sales tax.”
AND
However, according to Bliss, if Kerry berths the Isabel in Massachusetts waters within six months of purchasing the boat, there’s a “presumption of use” and the Heinz-Kerrys would have to walk the plank and pony up to the Bay State. After six months, should the boat change its berth to, say, Nantucket, then it’s up to the state to go after them for the taxes, Bliss added.
THE YACHT WAS DOCKED IN NANTUCKET IN EARLY JULY
Here in CA we have similar rules. In Mexico there is what is called the 91 day yacht club. After you buy a boat it stays there for 91 days and comes in without the huge tax burden.
Does that make it right?
Kerry is a Tax n' Spend Democrat. It is hypocritical of him to avoid taxes. We FReepers on the other hand, oppose outrageous taxes. We are simply practicing what we preach when we legally avoid taxes. I mean how high are the taxes in Mass when he would pay Five Hundred Thousand dollars per year to keep his yot there?
In addition to sailing around the tax issue, Mr. Kerry chose to build his boat in New Zealand at a time when Bay State boat builders are having trouble keeping their work force employed. “I’m confident that anything constructed in New Zealand could be constructed here in the state,” Gregory Egan, who owns the Crosby Yacht Yard in Osterville, told the Boston Herald. Others noted that the Isabel was specially designed to be piloted without a crew — letting Mr. Kerry scrimp on employment costs and payroll taxes.
Maybe PA should go after 6%.
In any event, MA has a use tax, and folks are supposed to pay sales tax they buy goods outside the state, such as NH, where there is no sales tax. Kerry bought a boat, Kerry Lives in MA. Kerry owes a use tax in MA.
As far as that corporation in PA is concerned, I wonder if that boat is being treated as a legitimate business expense.
Frig it all, Eat the rich!
Hopefully you mean avoiding the taxes as opposed to imposing. It's not that Kerry tried to avoid paying taxes, it's that he SUPPORTED those taxes that he is unwilling to pay.
Come to think of it, that’s probably the angle
Take Heinz execs and other corporatists and lobbyists out sailing once in a while and Teresa Heinz’s holding company/trust or whatsever they call it- can write off the yacht as a business expense. Surely Lurch is a director or legislative advisor or somesuch, all he has to do is take a briefcase of documents to “review” every time he goes sailing..... and it’s business travel
maybe Tereza didn’t buy it just out of love for Lurch
“Anyone that doesn’t use all legal means to avoid taxes is either stupid or a fool!”
I completely agree..... although I despise Kerry and wish him the very worst in everything.
I purchased an Airstream trailer in Oregon this past April. I was forced to pay over $6K, a bit over 8% of the sale price, in Washington state taxes just to be able to license it. When it comes to taxes, Washington sate has gone the extra mile in screwing it’s citizens.
In this state, there is no legal way out of this. There are extremely heavy fines and legal action that WILL be imposed against anyone violating the relevant laws.
I wonder if there are similar laws that could be used against Traitor Kerry.
Yeah, but only by mistake.
Mass loses one, possibly two, congressional districts after this census, so opportunities for Mass dems are shrinking..I suspect that as his poll numbers worsen, he will face a primary next time he runs..
from my home page:
taxes don't hurt the rich, they keep YOU from becoming rich.
I thought the yacht was called “The Big Pickle”.
LOl!
That is a truism!
Before Reagan screwed us with the “Tax Simplification Act”, the biggest tax increase in history, I didn’t pay one cent in taxes from 1978, the year I smartened up, until 1990.
In 1978 when I had to write a check to the IRS for $28k I got into the tax code and figured out how to not pay taxes.
The 86 tax change that Reagan signed eliminated all the “loopholes” that were available.
In 1980 when I bought my airplane I not only avoided the sales tax of over $10k by using it commercially for over one half of the hours in the first year but using depreciation and 10% investment credit plus income averaging that year the government paid me $4,300 to earn $120k.
"You know it's a dumb question... It just shows what happened to a channel that did have some respect."
-PJ
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