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
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To: Libloather
Sen. John Kerry said he always intended to pay taxes in Massachusetts on his $7 million yacht...Ohhhhh...you INTENDED to pay taxes.
Well, that's good enough for me.
Lying sack of caviar.
96 posted on
08/02/2010 6:14:08 AM PDT by
Texas Eagle
(If it wasn't for double-standards, Liberals would have no standards at all. -- Texas Eagle)
To: Libloather
Q. How many bottles of ketchup to you have to sell to make $500,000?
105 posted on
08/02/2010 7:23:13 AM PDT by
Harpo Speaks
(Honk! Honk! Honk! Either it's foggy out, or make that a dozen hard boiled eggs.)
To: Libloather
I've got a great name for his new yacht...
Bush's Fault
107 posted on
08/02/2010 8:20:09 AM PDT by
SonOfDarkSkies
(Satan's greatest trick use to be convincing men he doesn't exist! But his latest novelty is Obama!)
To: Libloather
“Liveshot” suddenly discovers he doesn’t like cameras and publicity after all.....
What a bozo — of course he thought he could get away with not paying the $500K
Does he think we were all born yesterday???
In the case of Mass. liberals he knew his audience.....
108 posted on
08/02/2010 8:47:48 AM PDT by
Enchante
("The great enemy of clear language is insincerity." -- George Orwell --)
To: Libloather
Sit on a ketchup bottle, numbnuts!
To: Libloather
he would write Massachusetts a check for about $500,000, whether he owed the money or not. So...
1) He is a hypocrite.
2) He is an idiot.
3) He thinks I am an idiot.
110 posted on
08/02/2010 9:07:42 AM PDT by
Onelifetogive
(For the record, McCarthy was right.)
To: Libloather
111 posted on
08/02/2010 9:14:32 AM PDT by
reagan_fanatic
(Never trust anyone who points their rear end at God while praying.)
To: Libloather
Would he be backtracking so quickly if a few Dem seats weren’t vulnerable in Nov?
118 posted on
08/03/2010 10:42:27 AM PDT by
fortunecookie
(Please pray for Anna, age 7, who waits for a new kidney.)
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