7/23/2010

Senator John Kerry votes with his feet to avoid Massachusetts taxes

So Kerry apparently does understand that taxes do alter behavior.

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 - Kerry’s 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.

But instead of berthing the vessel in Nantucket, where the senator summers with the missus, Teresa Heinz, Isabel’s hailing port is listed as “Newport” on her stern.

Could the reason be that the Ocean State repealed its Boat Sales and Use Tax back in 1993, making the tiny state to the south a haven - like the Cayman Islands, Bermuda and Nassau - for tax-skirting luxury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.

The senior senator’s chief of staff David Wade denied the old salt was berthing his boat out of state to avoid ponying up to the commonwealth. . . .

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3 Comments:

Blogger Larry Sheldon said...

The State of Rhode Island and Providence Plantations had a little uptick in business.

Why? Because of lower taxes!

7/24/2010 4:40 PM  
Blogger TooMuchTime said...

...with an Edwardian-style, glossy varnished teak interior...

*****************

The rending of clothes and the gnashing of teeth by liberal environmentalists claiming these trees died for a rich person's pleasure, to be heard in 3...2...1...

7/25/2010 6:16 PM  
Blogger Larry Sheldon said...

A limousine liberal whining aboutr what another one did?

Be serious.

7/25/2010 10:13 PM  

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