Tuesday, July 27, 2010


 
We Demand the Berth Certificate! 
"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.," the Boston Herald reports:
Could the reason be that the Ocean State repealed its Boat Sales and Use Tax back in 1993, making the tiny state to the south a haven--like the Cayman Islands, Bermuda and Nassau - for tax-skirting luxury yacht owners?
Cash-strapped Massachusetts still collects a 6.25 percent sales tax and an annual excise tax on yachts. 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.
Kerry's chief of staff, the delightfully named David Wade, denies that the haughty, French-looking former junior senator, who by the way served in Vietnam, chose the out-of-state berth for tax reasons. Meanwhile,CNSNews.com reports:
Speaking at a town hall-style meeting promoting climate change legislation on Thursday, Sen. John Kerry (D-Mass.) predicted there will be "an ice-free Arctic" in "five or 10 years."
What will he do with all the money he saves when he can move his yacht there?

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