John Kerry: "Taxes For Thee But Not For Me"

[tampa_griz]

Wow.

Sen. John Kerry, who has repeatedly voted to raise taxes while in Congress, dodged a whopping six-figure state tax bill on his new multimillion-dollar yacht by mooring her in Newport, R.I.

Isabel - Kerry’s luxe, 76-foot New Zealand-built Friendship sloop with an Edwardian-style, glossy varnished teak interior, two VIP main cabins and a pilothouse fitted with a wet bar and cold wine storage - was designed by Rhode Island boat designer Ted Fontaine.

But instead of berthing the vessel in Nantucket, where the senator summers with the missus, Teresa Heinz, Isabel’s hailing port is listed as “Newport” on her stern.

Could the reason be that the Ocean State repealed its Boat Sales and Use Tax back in 1993, making the tiny state to the south a haven - like the Cayman Islands, Bermuda and Nassau - for tax-skirting luxury yacht owners?

Cash-strapped Massachusetts still collects a 6.25 percent sales tax and an annual excise tax on yachts. Sources say Isabel sold for something in the neighborhood of $7 million, meaning Kerry saved approximately $437,500 in sales tax and an annual excise tax of about $70,000.

The senior senator’s chief of staff David Wade denied the old salt was berthing his boat out of state to avoid ponying up to the commonwealth.

“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,” Wade told the Track.

And state Department of Revenue spokesguy Bob Bliss confirmed the senator “is under no obligation to pay the commonwealth sales tax.”

But back in 2006, then-gubernatorial candidate Christy Mihos took some flack for avoiding some $23,000 in Bay State sales tax and $1,320 in local excise taxes by berthing his motor yacht in Rhode Island. But Mihos paid just $475,000 for his 36-foot vessel Ashley and readily admitted that he used the boat at his West Yarmouth summer home.

However, according to Bliss, if Kerry berths the Isabel in Massachusetts waters within six months of purchasing the boat, there’s a “presumption of use” and the Heinz-Kerrys would have to walk the plank and pony up to the Bay State. After six months, should the boat change its berth to, say, Nantucket, then it’s up to the state to go after them for the taxes, Bliss added.

Yesterday, the Isabel, which lists Great Point LLC of Pittsburgh, Penn., as its owner, was getting a spruce-up at the Hinckley shipyard in Portsmouth, R.I. Sources say the senior senator is demanding that some warranty work be done.

Fontaine, a protege of legendary sailboat designer Ted Hood, was tight-lipped about the owners of Isabel but he did confirm the boat was built in New Zealand. According to Internet reports, Kerry was seen in Whangarei last December inspecting his new high-seas plaything.

File Under: Shipping Up To Boston (Not).

http://www.bostonherald.com/track/insid ... position=0" onclick="window.open(this.href);return false;

[Benne]

Wow.

Sen. John Kerry, who has repeatedly voted to raise taxes while in Congress, dodged a whopping six-figure state tax bill on his new multimillion-dollar yacht by mooring her in Newport, R.I.

Isabel - Kerry’s luxe, 76-foot New Zealand-built Friendship sloop with an Edwardian-style, glossy varnished teak interior, two VIP main cabins and a pilothouse fitted with a wet bar and cold wine storage - was designed by Rhode Island boat designer Ted Fontaine.

But instead of berthing the vessel in Nantucket, where the senator summers with the missus, Teresa Heinz, Isabel’s hailing port is listed as “Newport” on her stern.

Could the reason be that the Ocean State repealed its Boat Sales and Use Tax back in 1993, making the tiny state to the south a haven - like the Cayman Islands, Bermuda and Nassau - for tax-skirting luxury yacht owners?

Cash-strapped Massachusetts still collects a 6.25 percent sales tax and an annual excise tax on yachts. Sources say Isabel sold for something in the neighborhood of $7 million, meaning Kerry saved approximately $437,500 in sales tax and an annual excise tax of about $70,000.

The senior senator’s chief of staff David Wade denied the old salt was berthing his boat out of state to avoid ponying up to the commonwealth.

“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,” Wade told the Track.

And state Department of Revenue spokesguy Bob Bliss confirmed the senator “is under no obligation to pay the commonwealth sales tax.”

But back in 2006, then-gubernatorial candidate Christy Mihos took some flack for avoiding some $23,000 in Bay State sales tax and $1,320 in local excise taxes by berthing his motor yacht in Rhode Island. But Mihos paid just $475,000 for his 36-foot vessel Ashley and readily admitted that he used the boat at his West Yarmouth summer home.

However, according to Bliss, if Kerry berths the Isabel in Massachusetts waters within six months of purchasing the boat, there’s a “presumption of use” and the Heinz-Kerrys would have to walk the plank and pony up to the Bay State. After six months, should the boat change its berth to, say, Nantucket, then it’s up to the state to go after them for the taxes, Bliss added.

Yesterday, the Isabel, which lists Great Point LLC of Pittsburgh, Penn., as its owner, was getting a spruce-up at the Hinckley shipyard in Portsmouth, R.I. Sources say the senior senator is demanding that some warranty work be done.

Fontaine, a protege of legendary sailboat designer Ted Hood, was tight-lipped about the owners of Isabel but he did confirm the boat was built in New Zealand. According to Internet reports, Kerry was seen in Whangarei last December inspecting his new high-seas plaything.

File Under: Shipping Up To Boston (Not).

http://www.bostonherald.com/track/insid ... position=0" onclick="window.open(this.href);return false;

Not to condone a rich prick, but isn't it conservative mantra that if what he did was legal and to save money, it's okay? So like he's taking advantage of a loophole that's yet to be closed. When you buy your yacht you can park it in RI as well.

[89Hen]

Not to condone a rich prick, but isn't it conservative mantra that if what he did was legal and to save money, it's okay? So like he's taking advantage of a loophole that's yet to be closed. When you buy your yacht you can park it in RI as well.

Kerry is a Conservative??

[Benne]

Not to condone a rich prick, but isn't it conservative mantra that if what he did was legal and to save money, it's okay? So like he's taking advantage of a loophole that's yet to be closed. When you buy your yacht you can park it in RI as well.

Kerry is a Conservative??

No, but I find it odd that he's being attacked by a conservative who would probably find it perfectly resonable if a conservative had done the same thing. It seems to me he is pointing out hypocracy by being hypocritical.

[Bronco]

He was for paying taxes before he was against it

I would think 7 million would buy a little more than this.

[Pwns]

Rich liberals love regressive consumption taxes...they can always avoid them and the middle-class plebeians the liberals claim to support drown in them.

[89Hen]

No, but I find it odd that he's being attacked by a conservative

Liar.

[BDKJMU]

Kerry is a Conservative??

No, but I find it odd that he's being attacked by a conservative who would probably find it perfectly resonable if a conservative had done the same thing. It seems to me he is pointing out hypocracy by being hypocritical.

Conservatives didn't support raise taxes like Kerry did.

[OL FU]

I have always found it amazing that people who support raising taxes don't just go ahead and pay them. The government wouldn't say no to the contribution.

[Benne]

No, but I find it odd that he's being attacked by a conservative

Liar.

Which part?

[89Hen]

Liar.

Which part?

That you find it odd.

[CID1990]

My God.

Somebody points out a hypocrite in politics and you guys cluck and argue about it like a bunch of hens.

Why is Kerry (or any of the rest of them) being a hypocrite a news flash?

[OL FU]

My God.

Somebody points out a hypocrite in politics and you guys cluck and argue about it like a bunch of hens.

Why is Kerry (or any of the rest of them) being a hypocrite a news flash?

Another news flash. Have you paid attention to this board

[UCABEAR]

He was for paying taxes before he was against it

I would think 7 million would buy a little more than this.

It's not what's on the outside of the boat that cost so much IMO. I wonder what the hull is holding?!