Kerry's yacht escapes Mass. taxes

To view this site, you need to have Flash Player 9.0.115 or later installed. Click here to get the latest Flash player.

July 23, 2010, 1:17 pm
SHARE THIS POST
Print Article



(NECN: Alison King, Boston, Mass.) - The docking of Sen. John Kerry's (D-Mass.) yacht has come under question.

He is docking his family's new $7 million yacht in neighboring Rhode Island, allowing him to avoid paying roughly $500,000 in taxes to the cash-strapped Bay State.
If "Isabel" were kept at his vacation home on Nantucket or in Boston Harbor near his Massachusetts home, he would be liable for $437,500 in one-time sales tax. He would also be required to pay $70,000 in annual excise tax.

A Kerry spokesman said the boat is being kept at Newport Shipyard not to evade taxes, but for "long-term maintenance, upkeep and charter purposes."

NECN political reporter Alison King caught up with Senator Kerry this afternoon.

Candidate for state treasurer Karyn Polito said in a statement that an investigation to should be undertaken:

"In the interest of fairness to all taxpayers, and in order to collect the revenue it may be owed, the state Department of Revenue should undertake an immediate investigation of whether Senator Kerry sought to avoid the payment of Massachusetts sales and excise taxes in the purchase of his boat, 'Isabel.' No person is above the law. For people to have confidence that the law is being applied equally, they need to be reassured that Senator Kerry is not receiving favorable treatment."


Tags: rhode island, John Kerry, taxes, Newport, Alison King, yacht, Isabel
RELATED STORIES
COMMENTS
Suspension begins Thursday night unless Pineda appeals
Officers responded to call for body found in water off Long Wharf on Wednesday
Worcester County DA's Office says 1-month-old Aliana Elise LaVigne was found dead in her mother's Grafton, Mass. apartment