Kerry docks yacht in R.I., avoids $500K in Mass. taxes

Riot · #1 07-24-2010, 11:31 PM

What's the offense?

Is it just being rich enough to own a yacht? I dunno about you guys, but I admire capitalism and people who make money. And if someone has made enough money to purchase a yacht, if that's what they want, more power to them! Congrats!

Is the offense of legally not paying taxes? I put all the income I can into tax-deferred and non-taxable investment vehicles. To legally avoid paying taxes. I have never bought a car from a guy on Craig's List, so I don't know if I'd declare and pay that state sales tax, or not.

Or is it being both rich and avoiding paying taxes? 'Cause if it's the latter, then that brings us right back to the Bush tax cuts, especially for the wealthiest Americans, including the estate tax, which right now happens to be zero (a good thing that I think should be made permanent, BTW)

timmgirvan · #2 07-25-2010, 12:56 AM

Quote:

Originally Posted by Riot

What's the offense?

Is it just being rich enough to own a yacht? I dunno about you guys, but I admire capitalism and people who make money. And if someone has made enough money to purchase a yacht, if that's what they want, more power to them! Congrats!

Is the offense of legally not paying taxes? I put all the income I can into tax-deferred and non-taxable investment vehicles. To legally avoid paying taxes. I have never bought a car from a guy on Craig's List, so I don't know if I'd declare and pay that state sales tax, or not.

Or is it being both rich and avoiding paying taxes? 'Cause if it's the latter, then that brings us right back to the Bush tax cuts, especially for the wealthiest Americans, including the estate tax, which right now happens to be zero (a good thing that I think should be made permanent, BTW)

broken record...when in doubt, blast the other guy!

dellinger63 · #3 07-25-2010, 08:56 AM

I see no problem with this unless Kerry expects other Mass citizens to dock in their home State. What isn't stated is the jobs and money lost associated with the upkeep and maintainance of the yacht not to mention the spending done near/off the yacht (strip clubs and restaurants etc.)

States are doing the same with State Income Taxes. It isn't a suprise to me that the highest taxed States are in the worse shape and States with no income tax are at the top.

Say a guy making 5 mil a year in Cal can save 250-300K on taxes by moving to Florida. California loses its tax payment but even more important its productive citizen. Wonder what the average guy who pulls down 5 mil spends in a year?

Besides what a easy way to leave Teresa home.

AeWingnut · #4 07-25-2010, 09:35 AM

It appears that the senior senator from taxachusetts. The richest man in congress. Doesn't believe in supporting his home state. He also doesn't believe in waiting until after the Bush tax cuts expire and the new taxes he voted for kick in.

I wonder does Joe Biden consider John Kerry unpatriotic.

Riot · #5 07-25-2010, 05:39 PM

Quote:

Originally Posted by AeWingnut

It appears that the senior senator from taxachusetts. The richest man in congress. Doesn't believe in supporting his home state. He also doesn't believe in waiting until after the Bush tax cuts expire and the new taxes he voted for kick in.

I wonder does Joe Biden consider John Kerry unpatriotic.

So mostly you still don't like Democrats, you just disguise it now as an unjustified anamosity towards people that are rich enough to have yachts?

Riot · #6 07-25-2010, 05:53 PM

Quote:

Originally Posted by dellinger63

I see no problem with this unless Kerry expects other Mass citizens to dock in their home State. What isn't stated is the jobs and money lost associated with the upkeep and maintainance of the yacht not to mention the spending done near/off the yacht (strip clubs and restaurants etc.

Libertarian capitalistic playbook says: capitalism is competitive and impartial. If Mass can't compete for having that yacht dock in Mass, they lose, and deserve to do so.

Wing, how you could label that decision by Kerry - to go with the best deal - "unpatriotic" is beyond me - this is exactly the type of pure capitalism, non-government interference behaviour the Tea Party, Libertarian types support and want!

dellinger63 · #7 07-25-2010, 08:49 PM

Quote:

Originally Posted by Riot

Libertarian capitalistic playbook says: capitalism is competitive and impartial. If Mass can't compete for having that yacht dock in Mass, they lose, and deserve to do so.
!

Kerry is a libertarian capitalist

but votes socialist in a "Let them eat cake" kind of way. Consistent with listing used underware as a tax deduction and having an aunt live in public housing while the nephew is a millionaire all while raising taxes and crying poor. The closest reality show to the Dem party now is NJ Houswives.

Riot · #8 07-25-2010, 09:40 PM

Quote:

Originally Posted by dellinger63

Kerry is a libertarian capitalist

but votes socialist in a "Let them eat cake" kind of way.

Your definition of what socialism is seems interesting.

dellinger63 · #9 07-25-2010, 09:50 PM

Quote:

Originally Posted by Riot

Your definition of what socialism is seems interesting.

"Let them eat cake" = HYPOCRITE

I meant that BTW

Riot · #10 07-25-2010, 05:55 PM

Quote:

Originally Posted by timmgirvan

broken record...when in doubt, blast the other guy!

What are you reading? Who is the "other guy" I am "blasting"?

timmgirvan · #11 07-26-2010, 04:06 PM

Quote:

Originally Posted by Riot

What are you reading? Who is the "other guy" I am "blasting"?

Most of post #4...I agree about the estate tax.

clyde · #12 07-26-2010, 05:46 PM

Dimmy...don't join a thread comprised, largely ,of the Permanently Perplexed.

You have been doing well, let's not fucl< it up.

Riot · #13 07-26-2010, 09:27 PM

Quote:

Originally Posted by timmgirvan

Most of post #4...I agree about the estate tax.

Exactly - "who" do you think I am "blasting" there?

Danzig · #14 07-25-2010, 11:57 AM

Quote:

Originally Posted by Riot

What's the offense?

Is it just being rich enough to own a yacht? I dunno about you guys, but I admire capitalism and people who make money. And if someone has made enough money to purchase a yacht, if that's what they want, more power to them! Congrats!

Is the offense of legally not paying taxes? I put all the income I can into tax-deferred and non-taxable investment vehicles. To legally avoid paying taxes. I have never bought a car from a guy on Craig's List, so I don't know if I'd declare and pay that state sales tax, or not.

Or is it being both rich and avoiding paying taxes? 'Cause if it's the latter, then that brings us right back to the Bush tax cuts, especially for the wealthiest Americans, including the estate tax, which right now happens to be zero (a good thing that I think should be made permanent, BTW)

actually, the buyer was his wife, the widow of mr. heinz of heinz ketchup fame. at any rate, i would rather he fight for his state to have tax laws that make sense, rather than have a law that many follow but many do their best to avoid. if the tax law was one that made sense, he wouldn't have to dock in rhode island, thereby giving a sense of impropriety. and he's not deferring taxes, he's just not paying the sales tax at all in this instance. on a new purchase, not a used purchase on which taxes were paid when said used vehicle was new. there have been cases here in arkansas of people purchasing RV's and tagging them in another state, to avoid paying the one time sales tax to arkansas. they were taken to court and found guilty of tax evasion, as it was shown their home of residence was in fact arkansas, which meant they were engaging in tax evasion. i'd say this is an instance of that. i'd say if this were a republican engaging in this behavior, that you'd be all over it.

Rileyoriley · #15 07-25-2010, 12:08 PM

Quote:

Originally Posted by Danzig

actually, the buyer was his wife, the widow of mr. heinz of heinz ketchup fame. at any rate, i would rather he fight for his state to have tax laws that make sense, rather than have a law that many follow but many do their best to avoid. if the tax law was one that made sense, he wouldn't have to dock in rhode island, thereby giving a sense of impropriety. and he's not deferring taxes, he's just not paying the sales tax at all in this instance. on a new purchase, not a used purchase on which taxes were paid when said used vehicle was new. there have been cases here in arkansas of people purchasing RV's and tagging them in another state, to avoid paying the one time sales tax to arkansas. they were taken to court and found guilty of tax evasion, as it was shown their home of residence was in fact arkansas, which meant they were engaging in tax evasion. i'd say this is an instance of that. i'd say if this were a republican engaging in this behavior, that you'd be all over it.

I'd say you're right!

Danzig · #16 07-25-2010, 12:12 PM

thanks deb! i just think this is an instance of do as i say, not as i do-another instance of a rich guy doing one thing, while telling his constituents they must pay and get over it. one set of rules for the haves, another for the have-nots. the common man is expected to pay, the rich pay others to find loopholes they can exploit.

Rileyoriley · #17 07-25-2010, 12:30 PM

So true. Last year the state was trying to push through a bill that would allow them to collect sales tax if Mass. citizens bought large items in other states (primarily N.H. which does not have a sales tax). Shot down. For the last 4 years we've had tax after tax. Yet they wonder why we go out of state to shop or shop on the internet. N.H. is the one that has benefited the most. The people here have had it.

Danzig · #18 07-25-2010, 12:39 PM

i shop a lot in lousiana. lower taxes, lower gas prices...the lower sales tax, especially on groceries, makes the trip worthwhile. plus, i live in a dry county, so i buy my adult beverages down there as well. how much does that cost arkansas each year? probably plenty. but, all my vehicles are registered in this state. i've seriously considered moving over the border to LA. now that the kids are all grown, and no worry about schools, i may just do that.

Rileyoriley · #19 07-25-2010, 12:56 PM

I just checked something with my step-mother. When my father bought a boat in Vermont (kept the boat there at his summer place), he still had to pay the Mass sales tax because his primary residence was Mass. But then he wasn't married to the Heinz heiress.

Nascar1966 · #20 07-27-2010, 07:32 PM

Quote:

Originally Posted by Danzig

i shop a lot in lousiana. lower taxes, lower gas prices...the lower sales tax, especially on groceries, makes the trip worthwhile. plus, i live in a dry county, so i buy my adult beverages down there as well. how much does that cost arkansas each year? probably plenty. but, all my vehicles are registered in this state. i've seriously considered moving over the border to LA. now that the kids are all grown, and no worry about schools, i may just do that.

Just curious is Union County still a dry country?' I was there years about 13 years and was going to wait for Sunday to buy some refreshments for Super Bowl Sunday then was told if I didn't get them on Saturday I was out of luck.