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From: Hachiroku ハチロク on 26 Jul 2010 17:04 John Kerry wants YOU to pay your taxes, but... (PS, it could have been built in Mass or NH and employed local people...) BOSTON (WBZ) ― * Kerry Docks New Yacht In RI, Saves Taxes (7/24/2010) Senator John Kerry found himself answering questions Monday about his new $7 million yacht and the controversy about where he's docking it. "There's nothing more to say about it," he told reporters at an event at the former South Weymouth Naval Air Station Monday. The "Isabel" is docked in Rhode Island rather than at Kerry's summer home on Nantucket or in Boston Harbor. That means he avoids paying nearly $500,000 in taxes to Massachusetts and he doesn't have to pay a $70,000-a-year excise tax. Rhode Island repealed those taxes in 1993. That has made the state something of a nautical tax haven. From MSNBC: BOSTON — Massachusetts Sen. John Kerry is docking his family's new $7 million yacht in neighboring Rhode Island, allowing him to avoid paying roughly $500,000 in taxes to his cash-strapped home state. If the Isabel were kept at the 2008 Democratic presidential nominee's summer vacation home on Nantucket or in Boston Harbor near his city residence, he would be liable for $437,500 in one-time sales tax. He would also have to pay $70,000 in annual excise taxes. Rhode Island repealed those taxes in 1993. That has made the state something of a nautical tax haven. Kerry spokesman David Wade said Friday the boat is being kept at Newport Shipyard not to evade taxes, but "for long-term maintenance, upkeep and charter purposes." Wade noted the vessel was designed by Rhode Island boat designer Ted Fontaine and purchased in the state. It was built in New Zealand by Friendship Yachts. A Department of Revenue spokesman said Kerry would be liable for Massachusetts taxes if he berthed the boat in the Bay State within six months of its purchase. If the Isabel were brought to Massachusetts after that period, the state would have to decide if it wanted to pursue the taxes. Boston Herald: 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. “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. And state Department of Revenue spokesguy Bob Bliss confirmed the senator “is under no obligation to pay the commonwealth sales tax.” Yesterday, the Isabel, which lists Great Point LLC of Pittsburgh, Penn., as its owner, was getting a spruce-up at the Hinckley shipyard in Portsmouth, R.I. Sources say the senior senator is demanding that some warranty work be done. Fontaine, a protege of legendary sailboat designer Ted Hood, was tight-lipped about the owners of Isabel but he did confirm the boat was built in New Zealand. According to Internet reports, Kerry was seen in Whangarei last December inspecting his new high-seas plaything.
From: JoeSpareBedroom on 26 Jul 2010 17:08 "Hachiroku ????" <Trueno(a)e86.GTS> wrote in message news:4c4df87e$0$74749$afc38c87(a)read01.usenet4all.se... > John Kerry wants YOU to pay your taxes, but... > > > (PS, it could have been built in Mass or NH and employed local people...) > > > BOSTON (WBZ) ? > > > * Kerry Docks New Yacht In RI, Saves Taxes > (7/24/2010) > > Senator John Kerry found himself answering questions Monday about his new > $7 million yacht and the controversy about where he's docking it. > > "There's nothing more to say about it," he told reporters at an event at > the former South Weymouth Naval Air Station Monday. > > The "Isabel" is docked in Rhode Island rather than at Kerry's summer home > on Nantucket or in Boston Harbor. That means he avoids paying nearly > $500,000 in taxes to Massachusetts and he doesn't have to pay a > $70,000-a-year excise tax. Smart move. That's how you get rich or stay rich.
From: Jeff Strickland on 26 Jul 2010 17:55 "JoeSpareBedroom" <newstrash(a)frontiernet.net> wrote in message news:XOm3o.41768$cO.23243(a)newsfe09.iad... > "Hachiroku ????" <Trueno(a)e86.GTS> wrote in message > news:4c4df87e$0$74749$afc38c87(a)read01.usenet4all.se... >> John Kerry wants YOU to pay your taxes, but... >> >> >> (PS, it could have been built in Mass or NH and employed local people...) >> >> >> BOSTON (WBZ) ? >> >> >> * Kerry Docks New Yacht In RI, Saves Taxes >> (7/24/2010) >> >> Senator John Kerry found himself answering questions Monday about his new >> $7 million yacht and the controversy about where he's docking it. >> >> "There's nothing more to say about it," he told reporters at an event at >> the former South Weymouth Naval Air Station Monday. >> >> The "Isabel" is docked in Rhode Island rather than at Kerry's summer home >> on Nantucket or in Boston Harbor. That means he avoids paying nearly >> $500,000 in taxes to Massachusetts and he doesn't have to pay a >> $70,000-a-year excise tax. > > > Smart move. That's how you get rich or stay rich. > .... said JoeTooStupidForWords, completely ignoring the point of the story.
From: RD Sandman on 26 Jul 2010 18:11 "JoeSpareBedroom" <newstrash(a)frontiernet.net> wrote in news:XOm3o.41768$cO.23243(a)newsfe09.iad: > "Hachiroku ????" <Trueno(a)e86.GTS> wrote in message > news:4c4df87e$0$74749$afc38c87(a)read01.usenet4all.se... >> John Kerry wants YOU to pay your taxes, but... >> >> >> (PS, it could have been built in Mass or NH and employed local >> people...) >> >> >> BOSTON (WBZ) ? >> >> >> * Kerry Docks New Yacht In RI, Saves Taxes >> (7/24/2010) >> >> Senator John Kerry found himself answering questions Monday about his >> new $7 million yacht and the controversy about where he's docking it. >> >> "There's nothing more to say about it," he told reporters at an event >> at the former South Weymouth Naval Air Station Monday. >> >> The "Isabel" is docked in Rhode Island rather than at Kerry's summer >> home on Nantucket or in Boston Harbor. That means he avoids paying >> nearly $500,000 in taxes to Massachusetts and he doesn't have to pay >> a $70,000-a-year excise tax. > > > Smart move. That's how you get rich or stay rich. > > While true it is also two faced, pushing for taxes on those who cannot afford to do what he did, yet dodging those taxes for himself. -- Sleep well tonight, RD (The Sandman) The three stages of our economy....... Recession - You neighbor loses his job... Depression - You lose your job... Recovery - Obama loses his....
From: Hachiroku ハチロク on 26 Jul 2010 18:34
On Mon, 26 Jul 2010 17:08:11 -0400, JoeSpareBedroom wrote: > "Hachiroku ????" <Trueno(a)e86.GTS> wrote in message > news:4c4df87e$0$74749$afc38c87(a)read01.usenet4all.se... >> John Kerry wants YOU to pay your taxes, but... >> >> >> (PS, it could have been built in Mass or NH and employed local people...) >> >> >> BOSTON (WBZ) ? >> >> >> * Kerry Docks New Yacht In RI, Saves Taxes >> (7/24/2010) >> >> Senator John Kerry found himself answering questions Monday about his new >> $7 million yacht and the controversy about where he's docking it. >> >> "There's nothing more to say about it," he told reporters at an event at >> the former South Weymouth Naval Air Station Monday. >> >> The "Isabel" is docked in Rhode Island rather than at Kerry's summer home >> on Nantucket or in Boston Harbor. That means he avoids paying nearly >> $500,000 in taxes to Massachusetts and he doesn't have to pay a >> $70,000-a-year excise tax. > > > Smart move. That's how you get rich or stay rich. Fine and well, if you're not in the practice of telling other people they have to pay their taxes. Remember when Kerry was running against Bush? How quickly we forget...but some of us *don't* . |