Kerry taxes yacht
WebMassachusetts Sen. John Kerry is docking his family's new $7 million yacht in neighboring Rhode Island, saving roughly $500,000 in Bay State taxes. "Isabel," the 76-foot yacht … Web28 jul. 2010 · Sen. John Kerry, D-Mass., said he would voluntarily pay $500,000 in taxes to the state of Massachusetts for his new $7 million yacht after the state s Department of Revenue began looking into claims that he docked the new yacht in Rhode Island to avoid Massachusetts taxes.
Kerry taxes yacht
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Web5 apr. 2024 · From 2002 through 2024, his tax records show, his company pulled a profit just twice. Overall, he deducted over $50 million in net losses over the years. In June … WebMassachusetts senator John Kerry has come under fire from New England boat builders after he purchased Isabel, a $7 million yacht built in New Zealand. With many American …
Web23 jul. 2010 · Yacht owners in Massachusetts are obligated to pay a 6.25% luxury tax for their fancy floating homes. Well, unless their name is John Kerry, apparently (Boston Herald link);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 … Web9 jun. 2015 · BOSTON (AP) — Massachusetts Sen. John Kerry is docking his family’s new $7 million yacht in neighboring Rhode Island, allowing him to avoid paying roughly …
Web6 dec. 2024 · Mass. Senator John Kerry was then docking his family’s new $7 million yacht in neighboring Rhode Island, allowing him to avoid paying roughly $500,000 in taxes to … WebQuestion: Massachusetts Senator and one-time presidential candidate John Kerry understand the concept of tax avoidance. Kerry avoided paying $500,000 in taxes in Massachusetts by docking his yacht in Rhode Island. Rhode Island repealed sales taxes and annual excise taxes on yachts in 1993, making “the state something of a nautical …
Web27 jul. 2010 · So it is okay for Kerry to keep his new yacht in a “nautical tax haven” in order to avoid more than $500,000 in Massachusetts excise and sales taxes, but when others keep their assets in ...
WebKerry Promises 'Prompt' Yacht Tax Payment Send by www.thebostonchannel.com Sen. John Kerry has told the Massachusetts Department of Revenue he will pay all the taxes due on his new $7 million yacht despite basing the vessel in tax-free Rhode Island. [...] Rating: 3 out of 5 stars molloys apartmentsWeb24 jul. 2010 · That means Kerry would owe approximately $437,500 to his cash-strapped home state. Nantucket, his summer playground, would be due annual excise taxes of about $70,000. “Sen. Kerry and his... molloys ballaghaderreenWeb27 jul. 2010 · Sen. John Kerry moved to end a controversy over his decision to base his new $7 million yacht in tax-free Rhode Island, informing the Massachusetts Department … molloys bar fethard on seaWeb10 apr. 2024 · Although the Below Deck family is going through some transitions after Captain Lee’s departure and Captain Kerry from Below Deck Adventure filling his spot, with the excellent Below Deck Sailing... molloys barWeb2 uur geleden · Air Force National Guardsman Jack Douglas Teixeira, 21, was arrested by FBI in Massachusetts on Thursday, over an hour after the New York Times and Bellingcat journalist Aric Toler identified him. molloys ballyfermotWeb9 jun. 2015 · Not only that – Kerry, a Massachusetts resident, saved $437,000 in sales tax and $70,000 a year in excise taxes by keeping the boat in Rhode Island! I believe the NY Times would spin this... molloys ballinaWeb23 jul. 2010 · 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 $7million, meaning Kerry saved approximately $437,500 in sales tax and an annual excise tax of about $70,000. Plus molloys ardara