| Wednesday October 22nd 2014

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Everyone pay your taxes! Its the right thing to do (except for me)


John Kerry cartoonThis is just classic political hypocrisy…

Massachusetts Senator John Kerry just bought a new $7 million yacht and it’s causing a stir because of where he’s docking it.

The “Isabel” is parked in Rhode Island rather than at the Senator’s summer home on Nantucket or in Boston Harbor, and because it’s there he avoids paying a nearly $500,000 tax and he doesn’t have to pay his $70,000 a year excise tax.

Rhode Island repealed those taxes in 1993. That has made the state something of a nautical tax haven.

Kerry’s people released this statement, “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.”


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