Don't like the guy...but I would do the same ( avoid paying ) any more taxes
then forced to If I were in the same situation....Nothing wrong with it at all.
Look at how many ships are registered to foreign ports
for tax and liability reasons.
At least its a sail boat...in that I wish him well.
I have never understood any negativism an the amount of money
individuals spend on their toys..As long as the money
is legit to begin with....Failure bankers getting fat bonuses while leaving struggling home owners to burn is not legit money in my book as an example.
Its the American dream after all to be able to not only own the tools of production, but to profit from them and reward yourself with a lifestyle fitting to that reward...Modesty of course is a grand and possible higher virtue...but I don't begrudge anyone there way with their money gotten by hard work.
If I could afford say a 500,000.00 boat don't think for a moment
I would not spent a lot of time in my tax attorney's office trying to figure out how to reduce my pay out to Washington
State to zero if possible....Few things in this state are run to my liking...nor do they ask me about them either.
Kerry's got more virtue then I apparently ( I guess he can afford virtue)...I would have told everyone to pound sand...nothing he was doing with that boat purchase
was illegal or improper as I read it...just smart stewardship...Some states are just to greedy.
It use to be here in Washington that a Federally Documented boat was not subject to state licencing fees
...well that was just to easy of a money pool to tap into for the state to pass up any longer so they nixed that rule
As a business owner Im into every deduction afforded me by law... I think Mr. Kerry caved in to public pressure...in his line of work and living in the glass house he has chose to do, I suppose its a chump change exchange for him in the long run though.