Senator Kerry, do you hate the poor in Massachusetts?
You may not have earned your incredible wealth from your own personal works, but you have proudly voted to raise taxes in Congress every time the opportunity presents itself. I thought surely a man of honorable military integrity would live by his word and pay his fair share in taxes when selling his 76 foot luxury yacht. However, I was distraught to read on the Boston Herald that you skipped town to avoid paying a six-figure state “sails tax”:
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Could the reason be that the Ocean State repealed its Boat Sales and Use Tax back in 1993, making the tiny state to the south a haven – like the Cayman Islands, Bermuda and Nassau – for tax-skirting luxury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.
If you put a tax cut into the hands of a business or family, there’s no guarantee that they’re going to invest that or invest it in America.
Senator Kerry, your home state is starving for cash which no doubt negatively affects its welfare programs. Did you skip town to avoid paying your fair share of taxes that would help support those programs. Do you hate the poor? Tell me it isn’t so Senator Kerry!