Friday, July 23, 2010

John Kerry moves his yahct to Rhode Island to beat the tax on it

He moved his 76 foot yacht "Isabel" to Rhode Island instead of Nantucket so he wouldn't have to pay taxes.

He now won't have to pay the $437,000 sales tax or the annual excise tax of $70,000.

Kerry's chief of staff David Wade said: “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.”

But he'll sure raise your taxes anytime or any chance he gets!