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Tuesday, July 27, 2010

The rich are different than you and me

From POLITICO:
Sen. John Kerry (D-Mass.) seemed to grow frustrated by continuing questions of whether he paid the proper taxes on his $7 million yacht.

"There is nothing more to say about it," Kerry curtly told a gaggle of Massachusetts reporters as he tried to get into a car Monday. A video of the interaction was posted online by Boston-area WBZ-TV.

The yacht became a local issue over the weekend after the Boston Herald reported on Friday that Kerry was docking his new family boat in Rhode Island, thus avoiding nearly $500,000 in Massachusetts taxes.

If Kerry were to move the yacht's to Massachusetts within six months of its purchase, the state would assume it was bought for in-state use and tax it accordingly. If the boat were to remain in Rhode Island, however, Kerry would not be required to pay Massachusetts taxes.
Read the full post at the link below:

Kerry irritated by yacht questions - Andy Barr - POLITICO.com

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