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125 bytes added ,  16:22, July 23, 2010
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====Taking taxes while avoiding them====
 
====Taking taxes while avoiding them====
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Senator John Kerry is on record as having raised taxes on the wealthy, as well as fighting the cutting of those taxes.  It was revealed that Kerry bought a luxury yacht - the Isabel - a 76-foot New Zealand-built sloop designed by Ted Fontaine, with an Edwardian-style interior, complete with wet bar, wine storage, and VIP cabins.  He paid $7 million for the boat, and would have had to pay over $435,000 dollars and a $70,000 annual excise tax to Massachusetts, the state he represents and calls home. <ref name="skiptaxes">[http://bostonherald.com/track/inside_track/view.bg?articleid=1269698 Sen. John Kerry skips town on sails tax]</ref>
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[[File:6da852 Boat 07232010.jpg|right|200px|thumb|John Kerry's ''Isabel''; he doesn't have to pay the sales tax on it.]]
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Senator John Kerry is on record as having raised taxes on the wealthy, as well as fighting the cutting of those taxes.  It was revealed that Kerry bought a luxury yacht - the ''Isabel'' - a 76-foot New Zealand-built sloop designed by Ted Fontaine, with an Edwardian-style interior, complete with wet bar, wine storage, and VIP cabins.  He paid $7 million for the boat, and would have had to pay over $435,000 dollars and a $70,000 annual excise tax to Massachusetts, the state he represents and calls home. <ref name="skiptaxes">[http://bostonherald.com/track/inside_track/view.bg?articleid=1269698 Sen. John Kerry skips town on sails tax]</ref>
    
Kerry purchased - and ported - the yacht in Rhode Island, where he's aware of the 1993 repeal of the Boat Sales and Use Tax.  He won't have to pay a dime in taxes for his new toy.
 
Kerry purchased - and ported - the yacht in Rhode Island, where he's aware of the 1993 repeal of the Boat Sales and Use Tax.  He won't have to pay a dime in taxes for his new toy.
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