Via HotAir:
John Kerry docks his yacht in Rhode Island to avoid paying taxes in the State of MA.
REALLY? No Way, Jose! John Kerry? Mr. 'spread the wealth', 'share the wealth', 'more taxes', Kerry??? -- And, the funny thing, is, the jackass is married to Teresa HEINZ-Kerry. You know, the heiress of the HEINZ KETCHUP fortune!! PAY YOUR FUCKING TAXES, KERRY! Wouldn't it be the patriotic thing to do? I mean, seriously.
Could the reason be that the Ocean State repealed its Boat Sales and Use Tax back in 1993, making the tiny state to the south a haven – like the Cayman Islands, Bermuda and Nassau – for tax-skirting luxury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.
“The boat was designed by and purchased from a company in Rhode Island, and it’s based in Newport at the Newport Shipyard for long-term maintenance, upkeep and charter purposes, not tax reasons,” Wade told the Track.
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