i think his behavior in this instance should be scrutinized, mainly by his home state. is it really legal? as i said, i know similar actions by arkansas residents had them slapped with back taxes when their attempts at hiding purchases by tagging them out of state was shown to be illegal. also, the excuse that 'others do it' is no excuse at all. all should be held to the same standard, whether it's the purchase of a 7k aluminum boat, a 70k pleasure craft, or a 7 million dollar yacht. tax evasion is quite costly. no doubt everyone who engages in it thinks they're doing a legal thing, when many times they may find it is not.

:rolleyes:john kerry, hypocrite:

“I’ve been at this issue a long time. When I first came to the Senate, I investigated an illegal bank and the murky network that allows powerful people to hide assets abroad and evade our tax laws. It repulsed me that while the average American plays by the rules and pays taxes, some of the biggest corporations avoid paying their fair share. You can even pick up a business magazine and find advertisements for offshore tax havens,” said Sen. Kerry. “Today’s vote is a long overdue and essential step to mitigate this boldface abuse of the American tax code. The HIRE Act can help prevent another UBS scandal but we’ve got more to do in order to fix a broken system.”


In 2009, Kerry and Baucus introduced legislation to close the loophole that allows for offshore tax havens to help taxpayers shirk paying their fair share. President Obama included several international tax reforms as part of his 2010 budget proposal which reflected Senator Kerry's efforts.



so, it's wrong to hide things abroad...but perfectly okee-dokee to hide them in another state. what a guy, the richest man in the senate. the RICHEST man in the senate. he's loooooooaded as ron white would say, but has no compunction at all about this act. and why is the yacht actually listed as being owned by an llc, not kerry? a way to attempt to keep his name out of the press? ooops, that worked well.

The main point is that he loves taxing other people but tries to get out of paying his. Rangle too. Quite a few of Obam's cabinet appointees too. Geitner for another. Members of congress, appointed govt. officials, and elected representatives SHOULD be held to a higher standard. A lot of libs had a snit fit over "Joe The Plumber" and his back tax situation.

but we're the little people; we should pay while they avoid. it's just the way it is. btw, i don't hide any assets, unlike some in this state, and pay personal property taxes on everything. i guess i'm just stupid that way. oh, but i do sleep at night.
thing is, if everyone paid what they were supposed to, maybe things wouldn't be such a mess. maybe.

Kerry is a libertarian capitalist :tro::tro:

but votes socialist in a "Let them eat cake" kind of way. Consistent with listing used underware as a tax deduction and having an aunt live in public housing while the nephew is a millionaire all while raising taxes and crying poor. The closest reality show to the Dem party now is NJ Houswives.

Seems like there's alot of yacht-envy - or simply intense dislike for those with lots of money - floating around this thread :D

So little $ sales taxes on a tax to day basis are okay to avoid, but big $ sales taxes on a yacht are not?

:zz:

:zz: Your definition of what socialism is seems interesting.

"Let them eat cake" = HYPOCRITE :D

I meant that BTW

lol
where did i say i don't pay sales tax? man, you are brilliant. as is your defense of kerry, sheer brilliance.

and envy? not at all. i prefer power boats to sailboats anyway,and am perfectly content with my bass boat with 200 hp evinrude on the back. it'll run circles around kerrys' boat...er, i mean the llc's boat. dislike people with money? nope.

dislike hypocrites? absolutely

So when taxes are reduced for everybody, like in the Bush tax cuts that Congress may let expire, they are attacked by Democrats as "Tax cuts for the rich", since the rich, paying the most, also save the most with a cut.

But actually avoiding taxes, however creatively, when you are a rich Democrat, is OK.

Oh yeah, that makes a lot of sense.

:tro:

Most of post #4...I agree about the estate tax.

Dimmy...don't join a thread comprised, largely ,of the Permanently Perplexed.



You have been doing well, let's not fucl< it up.

I didn't say you don't pay sales tax. I said you avoid paying sales tax. I said,

"So little $ sales taxes on a tax to day basis are okay to avoid, but big $ sales taxes on a yacht are not?"

And I was referring to where you said,

So keeping a yacht to another state to avoid a higher home state sales tax, and pay a lower sales tax, is not okay.

But shopping in another state to avoid a higher home state sales tax, and pay a lower sales tax, is okay.

:zz:

FTFY.

Exactly - "who" do you think I am "blasting" there?