Dave ,, why do you refer to smart business practices as a "scam"?

There is nothing wrong with trying to avoid taxes. In fact, when it comes
to boats .. I think it is crazy not to avoid taxes.

What does the state do with all the sales taxes it collects from the poor
boaters? Does it use this money to improve the harbors? Or add docking
areas? Nope, it takes this money and ****es it down the drain. Some fat
ass crook will get the money.

Screw that.

If the government is so concerned with collecting taxes, why does it let
corporations such as Canival Cruise Line operate here almost exclusively yet
have all their boats registered offshore?

Scam? The scam is the government. This country is so corrupt that someday
soon, there will be some type of rebellion.




"Dave" wrote in message
...
On 30 Jan 2007 16:45:34 -0800, "Trish" said:

Don't know about the States, but in Canada all you have to do is
incorporate
a holding company (less than $1000) and have the company own the boat
and rent it
back to you . . . then the company can deduct interest, depreciation,
repairs
and maintenance, etc. Of course, it isn't quite as simple as that,
but it can be
very cost effective if you look into it and do it properly . . .

Reminds me a bit of the scam that used to be used here. Buy the boat in
the
name of a corporation incorporated in a state without a sales tax and
federally document the boat. A number of boat owners, including my boat's
PO, got hit with some significant taxes and penalties when the State
caught
onto the scheme and hit him for unpaid use tax.