Thurston Howell III John Kerry agreed yesterday to pay 500k in sales tax on his yacht Isabel, which, as I detailed here, he had previously moored in Rhode Island in a transparent attempt to avoid these taxes. Of course, I and the flying pig below are both convinced that Kerry would have paid the taxes even without the resulting furor when his tax avoidance scheme surfaced.
Thurston Howell III John Kerry (D. Taxachusetts), is drawing flak for mooring his 76 foot sloop Isabel in Rhode Island rather than in Massachusetts. By keeping his ship in Rhode Island, Kerry is avoiding paying taxes to his home state of an estimated $437, 500 in sales tax and $70,000 a year in excise tax. Go to the Boston Herald here to read all about it. Continue Reading