They simply avoid them!
Kerry’s R.I. docking avoids Mass. tax bill
Kerry’s R.I. docking avoids Mass. tax bill
$7m yacht Isabel in Ocean State for ‘maintenance’
Associated Press / July 24, 2010Senator John F. Kerry, Democrat of Massachusetts, is docking his family’s new $7 million yacht in Rhode Island, allowing him to avoid paying roughly $500,000 in taxes to the cash-strapped Bay State.
If the vessel Isabel were kept at the summer home of the 2008 Democratic presidential nominee on Nantucket or in Boston Harbor near his city residence, he would be liable for $437,500 in state sales tax.
He would also have to pay $70,000 in annual excise taxes.
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