| | 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> | | 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 most importantly - ''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. |