[Libloather]

The payment represents $437,500 in one-time sales taxes, plus about $70,000 in annual excise taxes.

And when did Effin' Kerry purchase the 'sailboat' exactly? He may owe a ton more!

Kerry irritated by yacht questions
By ANDY BARR | 7/27/10 1:02 PM EDT
Updated: 7/28/10 4:10 PM EDT

Sen. John Kerry (D-Mass.) says he will pay all taxes owed on his new $7 million yacht.

“As we’ve said from the beginning, we have always complied with tax laws and we always will,” Kerry said in a statement Tuesday. “We’ve reached out to the Massachusetts Department of Revenue and made clear that, whether owed or not, we intend to pay the equivalent taxes as if the boat’s home-port were currently in Massachusetts. That payment is being made promptly.”

The yacht became a local issue over the weekend after the Boston Herald reported on Friday that Kerry was docking his new family boat in Rhode Island, thus avoiding nearly $500,000 in Massachusetts taxes.

If Kerry were to move the yacht to Massachusetts within six months of its purchase, the state would assume it was bought for in-state use and tax it accordingly. If the boat were to remain in Rhode Island, however, Kerry would not be required to pay Massachusetts taxes.

http://www.politico.com/news/stories/0710/40277.html

[Sacajaweau]

In the memo part on the check, John can write “Got Caught”

[WilliamofCarmichael]

Kerry moved to end the controversy this week by saying he would write Massachusetts a check for about $500,000

But will he give the check to Massachusetts.. that is the question.

[ILS21R]

“I said to people, on day one, we will pay all taxes, all taxes, there’s no issue here,” he told the newspaper.

John Kerry is so FOS his eyes are brown.

[Charles Henrickson]

"I'm being Shiftboated!"

[Charles Henrickson]

"What, you want to see my berth certificate?"

[Farmer Dean]

Kerry looks like the morning after the night before!

[Charles Henrickson]

"Reporting for duty . . . free docking!"

[Charles Henrickson]

"John Kerry has your back . . . taxes!"

[rawcatslyentist]

He said he had not yet taken final ownership of the boat because changes were still being made by the designer, but that he could take possession within the next few days.

What'ya wanna bet he doesn't take possession in the next few days. This'll end the controversy. Till later when no one is watching will he take possession.

[Charles Henrickson]

"Lovey said it was a FREE yacht!"

[cripplecreek]

Taxes are for the little people who actually work to pay them.

[Cobra64]

.

[Chode]

whether owed or not, we intend to pay the equivalent taxes as if the boat’s home-port were currently in Massachusetts.

ya gotta be kiddin me...

[Charles Henrickson]

"What's up, dock?"

[Colonel_Flagg]

He said he had not yet taken final ownership of the boat because changes were still being made by the designer, but that he could take possession within the next few days.

I bet that thing looks really pretty when all 48 galley slaves are rowing in unison.

[EGPWS]

Jeeeezzzzuz, this can't be the same John Kerry who served in Vietnam can it?

[missnry]

NEWSFLASH: TAXACHUSETTS "DOCKS" KERRY'S PAY

[FormerACLUmember]

Sen. John Kerry said he always intended to pay taxes in Massachusetts on his $7 million yacht but conceded he mishandled the public furor over his decision to dock the vessel in Rhode Island.

He painted "Newport" on the back of his New Zealand built yacht.

I would also add that this ultra-rich sub human carried on in 2004 about American executives who moved business overseas to avoid taxes being "Benedict Arnolds."

[Mamzelle]

I’d love to see a photo of the $7M yacht — is it named “The Gigolo”?

[Dubya-M-DeesWent2SyriaStupid!]

Thanks for posting but why did you write hugh caption?

This a FR lingo.Report just the facts please but really lol.

It makes this site look bad when self titles like this and the ones with HUSSEIN in the title are breaking news. I mean the Hussein ones are his middle name and I get it but his name is Barry Soetoro too. :)