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posted to rec.boats
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First recorded activity by BoatBanter: Jul 2006
Posts: 5,275
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A boat to cross the Atlantic
wrote in news:1190347639.469976.197090
@o80g2000hse.googlegroups.com:
I believe you. I just saw a yacht that if you were to fill it up at
the gas station it would cost you quarter million dollars to top it
up. SICK !!
These fuel guzzlers don't belong to "people". They belong to their
owner's corporations who use them to reduce their tax loads, recovering a
good bit of the fuel costs in taxes saved.
If Mr X got paid $100K, himself, to buy the fuel, he'd only have half of
that, just for demo, or $50K after taxes to buy fuel at retail, say
$3/gallon. 50/3 = under 17000 gallons. Now, if Mr X's corporation owns
his yacht, and they buy $100K at $3/gallon = 33,000 gallons with it as an
expense, given their 40% tax load, he gets 33000 gallons for $60K after
the deduction...a MARKED savings on fuel costs.
Mr X, therefore, never buys fuel. Hell, he never buys anything! It's
NOT HIS BOAT!...(c;
Larry
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It's not my truck, either....(c;
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