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OT: John Kerry's new 76 foot sailboat

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Gloss
Master Marine Consultant

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USA
1916 Posts

Initially Posted - 07/23/2010 : 17:24:28

I was just watching the Kudlow report on CNBC (which is owned by GE, one of Obama's biggest contributors, so don't blame FOX) who just ran a story about Senator John Kerry's new sailboat. You remember him, the pro tax senator who marries rich heriresses, more than once, lucky him.
He just bought a 7 million dollar 76 foot saiboat designed by Fontaine. It's a real beauty. Google "John Kerry sailboat" and you will see a story about it in the Boston globe. It is quite nice. Good for him.
but the Massachussets resident is docking it in Rhode Island, which dropped the sales tax on boats, while Massachussets has a rather large sales tax, and excise tax. So Kerry saves about 500,000 in taxes whe would otherwise owe Massachusetts. I must admit I will do the same thing when I buy my 7 mil sailboat.
so Kerry is apparently catching heat on this so his people say that the boat is docked at the Hinkley Yard because they will do all the routine maintainence, not to avoid taxes. I have Hinkley do all of my work too, but you gotta keep on those boys, they will slop bottom paint on your gold faucets sometimes.

Frank Gloss
Formerly 89WK/TR
85 Ericson 32-3 shoal draft "Molto Bene"

Edited by - on

Sloop Smitten
Master Marine Consultant

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USA
1181 Posts

Response Posted - 07/23/2010 : 17:44:46

Avoiding taxes is as American as apple pie!

Edited by - on

bigelowp
Master Marine Consultant

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USA
1776 Posts

Response Posted - 07/23/2010 : 18:06:51

His boat is nice and yes, I too try to avoid taxes when reasonably possible BUT he is an elected official who should be thinking through the consequences. The Boston papers are having a field day with his not paying taxes . . .

Edited by - on

jking
Navigator

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110 Posts

Response Posted - 07/24/2010 : 05:42:15

Avoiding taxes for himself while publicly endorsing the concept that those greedy rich people who make over 250K are not paying their fair share. Think of all the poor people he could have helped by spending that money elsewhere. At least he didn't but a big diesel houseboat like our resident Nashville global warming guy did.

Not attacking his spending or his choice of boat-just attacking the hypocricy.

Edited by - on

pfduffy
Captain

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USA
317 Posts

Response Posted - 07/24/2010 : 10:00:21

"I'm shocked, shocked to find there is gambling going on in here! Here's your winnings sir."

Regardless of how I feel about John Kerry's hypocrisy, it is a beautiful boat!!

Edited by - on

Stinkpotter
Master Marine Consultant

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Djibouti
9080 Posts

Response Posted - 07/24/2010 : 13:59:21

I hafta believe Kerry has decided his Senate days are numbered... MA gave Teddy a pass with his beautiful, classic 50' schooner, but John's custom-built monster just says all the wrong things at the wrong time. His isn't that beautiful to me...

...especially compared to Teddy's:

...on which he was unarguably the hands-on skipper. And given that Teddy's was an old Concordia, I suspect it's an elegantly austere environment down down below compared to John's palace.

Edited by - Stinkpotter on 07/24/2010 14:07:02

bigelowp
Master Marine Consultant

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1776 Posts

Response Posted - 07/24/2010 : 14:14:59

Kennedy knew how to SAIL -- Kerry knows how to spend . . .

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redviking
Master Marine Consultant

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1771 Posts

Response Posted - 07/24/2010 : 17:28:39

<blockquote id="quote">quote:<hr height="1" noshade id="quote">Originally posted by bigelowp
 Kennedy knew how to SAIL -- Kerry knows how to spend . . .
<hr height="1" noshade id="quote"></blockquote id="quote">

I call BS... Kennedy was anti windmills. Why? Because he considered them a hazard to navigation. Lotsa sailors in Denmark seem to be able to drive around them. Kennedy just didn't want to have to put down his beverage.

sten

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Stu Jackson C34
Admiral

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844 Posts

Response Posted - 07/24/2010 : 17:37:25

Aw, c'mon, guys. First: "at least" he's a sailor. He coulda bought a Donzi!!! And "they" wrote the tax laws. Would any of us ever pay taxes one didn't legally have to? I'd cut him some slack. And, after all, one doesn't get to be a gazillionaire (even if he just married into it) by looking around to pay the HIGHEST taxes, does one?

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Stinkpotter
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Djibouti
9080 Posts

Response Posted - 07/24/2010 : 21:00:18

<blockquote id="quote">quote:<hr height="1" noshade id="quote">Originally posted by Stu Jackson C34
 ...And, after all, one doesn't get to be a gazillionaire (even if he just married into it) by looking around to pay the HIGHEST taxes, does one?<hr height="1" noshade id="quote"></blockquote id="quote">Well, Bill Gates and Warren Buffett both advocate for higher taxes on wealthy people, which I guess would include themselves... (Jimmy Buffett might not share that philosophy.) Of course those guys have already got their fortunes--I wouldn't mind paying 50% on that income! I, on the other hand, haven't had to worry much about tax rates for the past couple of years...

Teddy was indeed a sailor, regardless of what you think of his politics or personal history... He won races with that lovely schooner, and I doubt you'll find anyone with a credible claim that he wasn't the skipper. On the other hand, he also had some nice "connections" so that Mya would occasionally be towed back into a harbor by the Harbor Master himself.

Edited by - Stinkpotter on 07/24/2010 21:16:57

dmpilc
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USA
4593 Posts

Response Posted - 07/25/2010 : 04:30:03

I bet he coulda bought a beautiful Hinkley Sou'wester for a lot less $ and maybe had a better boat to boot.

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redviking
Master Marine Consultant

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1771 Posts

Response Posted - 07/25/2010 : 07:28:50

<blockquote id="quote">quote:<hr height="1" noshade id="quote">Originally posted by Stinkpotter
Teddy was indeed a sailor, regardless of what you think of his politics or personal history... He won races with that lovely schooner, and I doubt you'll find anyone with a credible claim that he wasn't the skipper. On the other hand, he also had some nice "connections" so that Mya would occasionally be towed back into a harbor by the Harbor Master himself.

<hr height="1" noshade id="quote"></blockquote id="quote">

Remember when he tried to sail the 1967 Oldsmobile Delmont 88? No carbon fiber masts in those days. No positive floatation, old school....

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Stu Jackson C34
Admiral

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Response Posted - 07/25/2010 : 08:28:04

I don't disagree with those who have paying more taxes at all, but I don't wanna go there. The issue is what he's done is within the law, he's just not paying the highest taxes he can, he's paying the lowest legal taxes.

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Stinkpotter
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Djibouti
9080 Posts

Response Posted - 07/25/2010 : 10:47:53

<blockquote id="quote">quote:<hr height="1" noshade id="quote">Originally posted by Stu Jackson C34
 ...he's paying the lowest legal taxes.<hr height="1" noshade id="quote"></blockquote id="quote">...which even the IRS maintains is your right and your responsibility.

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Nautiduck
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Response Posted - 07/25/2010 : 19:50:23

Sorry, but he is a Senator from Massachusetts for crying out loud and he is avoiding Massachusetts taxes that he could easily pay. Sleazy. And that, my friends, is why he lost to W. The voters recognize sleazy.

Edited by - Nautiduck on 07/25/2010 19:52:47

Stinkpotter
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Djibouti
9080 Posts

Response Posted - 07/25/2010 : 20:14:34

This is coming a little too close to politics, and I won't claim to be a Kerry fan... but he bought the boat from a RI company, and apparently will be chartering and operating it out of Newport, RI, and having it maintained at the Hinckley yard there--not Nantucket, which has nothing like Newport's facilities for yacht maintenance and management. These northeastern states are pretty tiny... I live in one now, and many others are closer to me than the other suburbs of Chicago were where I grew up. Newport is a yacht Mecca of the east coast, and its facilities live up to that reputation and more. You might not be able to imagine the megayachts that call her home for that reason--especially sailing yachts. Maybe tax policy helped develop that, but that's the way it is. Nantucket, by comparison, is home to lot of commercial lobster boats and hosts many beautiful transient yachts, but has nothing like a Hinckley yard to take care of them.

The Boston Globe is having fun... but the people playing this game there don't really know what they're talking about, or if they do, they hope their readers don't.

Edited by - on

Champipple
Master Marine Consultant

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6855 Posts

Response Posted - 07/26/2010 : 04:00:08

Registering a boat in another state, or even country is nothing new. I see boats from Delaware day in and day out. Heck, I at least live on a body of water that can get to Delaware. I know of boats that sail on inland lakes registered in Delaware.

Edited by - Champipple on 07/26/2010 04:48:46

redviking
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1771 Posts

Response Posted - 07/26/2010 : 07:09:37

<blockquote id="quote">quote:<hr height="1" noshade id="quote">Originally posted by Champipple
 Registering a boat in another state, or even country is nothing new. I see boats from Delaware day in and day out. Heck, I at least live on a body of water that can get to Delaware. I know of boats that sail on inland lakes registered in Delaware.
<hr height="1" noshade id="quote"></blockquote id="quote">

My vessel is a documented vessel - homeported "BOSTON." My dink bears a Mass registration number which I renew every two years, BUT I did not pay the Commonwealth to register the mothership as I have not used the vessel in MASS waters and don't plan to. The last time I registered a vessel in MASS, I had to pay extra because I bought the boat in October and registered it in April... I was fined for being late. Like who registers a C25 in the winter?

I too anchored in Newport RI and created jobs there by spending my money there while in the area BECAUSE I already created jobs in MASS and paid way more than my share of taxes. (I made payroll for 15 years before we went cruising.) Why should I part with a lot of cashola just to feel good about it or pay a ton of money to go to Nantucket?

I'm with Kerry on this one, and any of you who think that you would do differently if YOU had a 7 million dollar yacht, or any yacht for that matter, are not being completely honest with yourself. And uh, nautiduck, I'll bet that those who voted for W probably don't think that voters recognize sleazy now...

If I had known Kerry was a sailor, I probably would have volunteered or something.

sten

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Stinkpotter
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Djibouti
9080 Posts

Response Posted - 07/26/2010 : 07:44:11

Well, at least W's dad was a [url="http://www.youtube.com/watch?v=0ntMluaKA_c"]mariner[/url]...

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OJ
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4382 Posts

Response Posted - 07/26/2010 : 08:10:16

Betcha they won't be cleaning that hull with Heinz ketchup though

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Nautiduck
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3704 Posts

Response Posted - 07/26/2010 : 08:53:13

Well, Sten, if I had that much money

I'd like to think that I'd behave the same way I do now which is to pay my taxes, not avoid them, and feel like I was carrying my fair share.

In retrospect Bush vs. Kerry did not offer the voters a really good choice.

I should probably stay away from political topics!

As for all sailors having some intrinsic value, well the evidence disproving that is very clear - Larry Ellison.

Edited by - Nautiduck on 07/26/2010 08:59:14

redviking
Master Marine Consultant

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Response Posted - 07/26/2010 : 09:45:13

<blockquote id="quote">quote:<hr height="1" noshade id="quote">Originally posted by Stinkpotter
 Well, at least W's dad was a [url="http://www.youtube.com/watch?v=0ntMluaKA_c"]mariner[/url]...

<hr height="1" noshade id="quote"></blockquote id="quote">

That was a grass roots Tea Party protest.

not sure which side he was on, but very sure that he tried to cross uh hem party lines...

sten

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redviking
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Response Posted - 07/26/2010 : 09:51:03

<blockquote id="quote">quote:<hr height="1" noshade id="quote">Originally posted by Nautiduck
 Well, Sten, if I had that much money

As for all sailors having some intrinsic value, well the evidence disproving that is very clear - Larry Ellison.

<hr height="1" noshade id="quote"></blockquote id="quote">

I love people who pay taxes. I also love people who buy lottery tickets - most of them don't pay much in taxes anyway. It's kinda like a tax on the poor

!!!!!

And uh, Larry Ellison isn't a sailor - he's a geek. Take Bill Gates sailing on your C250 next time you are up that way and he too will wanna try to beat Alinghy...

sten

Edited by - redviking on 07/26/2010 09:55:16

limey156
1st Mate

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Response Posted - 07/26/2010 : 10:32:54

I call buying lottery tickets 'paying the idiot tax' :)

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Champipple
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Response Posted - 07/26/2010 : 11:42:58

<hr height="1" noshade id="quote"></blockquote id="quote">

mariner? I thought they owned the Rangers

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skrenz
Captain

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351 Posts

Response Posted - 07/26/2010 : 15:07:30

<blockquote id="quote">quote:<hr height="1" noshade id="quote">
And uh, Larry Ellison isn't a sailor - he's a geek. Take Bill Gates sailing on your C250 next time you are up that way and he too will wanna try to beat Alinghy...

sten
<hr height="1" noshade id="quote"></blockquote id="quote">

I beg to differ Sten. Yes he has a lot of money and yes his business is technical. He was also one of the few captains that survived the infamous 1998 Sydney to Hobart Yacht Race and came in second to boot.

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