Tuesday, July 27, 2010

Kerry may need to pay $500k tax on yacht

Kerry may need to pay $500k tax on yacht: "(FOX 25 / MyFoxBoston.com) - There are new details in the controversy over Sen. John Kerry's brand new boat.

Kerry may still be on the hook for a half million dollars in excise taxes because he docked his yacht in Massachusetts less than six months after buying it.

The controversy came up following a report that Kerry moored the multi-million dollar yacht in Rhode Island , rather than the Bay State to save on sales tax.

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