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Old 17-05-2016, 08:23   #31
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Re: Port Angeles WA live aboard..

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Originally Posted by sailpower View Post
WA may be different but states that charge use tax generally do so as a one time tax not an annual tax.

Use tax rate is generally the same % as the sales tax and you usually are credited the amount of sales tax that you have paid elsewhere.

If you paid a 6% sales tax somewhere and the WA use tax is 9.5% then you owe the difference of 3.5%, generally a one time event.

WA could be different but that would be unusual.
I just tried to make it clear that you would pay an annual "something" to register in WA. I think it technically is an "excise" tax in WA with a couple of other minor fees on top. Just wanted to make clear that it can be a significant bill - much more than for a car say.
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Old 17-05-2016, 08:25   #32
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Re: Port Angeles WA live aboard..

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I didn't go through it all but it looks like use tax is a one time event. Not clear if WA credits prior sales tax payments? Probably missed it.

So there is a high sales tax rate and annual property/excise tax.

State income tax?

Wow, what do they do with all that money?

Note to self, skip WA.
WA has sales tax. We do NOT have an income tax. Oregon has an income tax but does not have a sales tax. WA has no trouble spending what they get from wherever. Whether that is good or bad depends on individual persuasions.
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Old 17-05-2016, 08:28   #33
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Re: Port Angeles WA live aboard..

Quote:
Originally Posted by sailpower View Post
WA may be different but states that charge use tax generally do so as a one time tax not an annual tax.

Use tax rate is generally the same % as the sales tax and you usually are credited the amount of sales tax that you have paid elsewhere.

If you paid a 6% sales tax somewhere and the WA use tax is 9.5% then you owe the difference of 3.5%, generally a one time event.

WA could be different but that would be unusual.
I believe this is how WA does it. Sales tax and/or use tax then annual excise tax plus fees.
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Old 17-05-2016, 16:00   #34
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Re: Port Angeles WA live aboard..

All this tax talk...
If my boat is my residence can I deduct mortgage interest like a house?

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Old 17-05-2016, 16:40   #35
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Re: Port Angeles WA live aboard..

Generally, yes.

Do you itemize?

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Old 17-05-2016, 17:41   #36
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Re: Port Angeles WA live aboard..

Ya.. haven't owned my house long enuff lol...

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Old 17-05-2016, 17:43   #37
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Re: Port Angeles WA live aboard..

I downloaded the wagoneer, very good info.. I'm almost positive that the only 2 marinas are jw and bh ...

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Old 18-05-2016, 09:29   #38
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Re: Port Angeles WA live aboard..

I have heard that some people who itemize and have a primary home with a mortgage have claimed a deduction on a second home mortgage (as a vacation home I think). Don't know if that is legal or how it works. I have avoided getting loans on my boats to avoid the restrictions they put on you.
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Old 18-05-2016, 09:37   #39
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Re: Port Angeles WA live aboard..

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I have heard that some people who itemize and have a primary home with a mortgage have claimed a deduction on a second home mortgage (as a vacation home I think). Don't know if that is legal or how it works. I have avoided getting loans on my boats to avoid the restrictions they put on you.
I did that for many, many years. It IS perfectly legal. Eventually refinanced the house, rolled in the boat then sold the house.
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Old 18-05-2016, 23:36   #40
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Re: Port Angeles WA live aboard..

Nice!

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