Sen. John Kerry, who is one of the biggest supporters of tax increases, moved his yacht to Newport RI to avoid a six figure payment in taxes. Apparently higher taxes are good enough for us, but not for him. This is the hypocrisy of the Democratic Party. “It’s a good thing to spread the wealth so long as it’s not mine”
Kerry should move to were the taxes are the highest. He should fill out the short form when doing his income taxes to make sure he pays the most possible taxes because that is what is good for the America.
This would the patriotic thing to do according to the Obama administration.
Kerry chose to park his yacht in RI rather than MA where he lives because MA would have charged him $437,500 in sales taxes on his $7 million boat and an annual fee of $70,000
So because of higher taxes enacted in Massachusetts in 1993 on these luxury items, we see how higher taxes harm small businesses and reduces jobs.
Kerry stated in February of 2009: “If you put a tax cut in the hands of a business or family, there’s no guarantee that they’re going to invest that or invest it in America”
Pretty good statement from a guy that spent $7 million on a yacht made in New Zealand and then had it delivered through an out-of-state distributor to avoid taxes.