Yacht

Only Little Yacht Owners Pay Taxes

 

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

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