Can you avoid sales tax and intangible taxes by purchasing and flagging
a boat say in the Carribean vs the US?

yes

========
"jaybird" wrote in message
ups.com...
Can you avoid sales tax and intangible taxes by purchasing and flagging
a boat say in the Carribean vs the US?

"jaybird" wrote in message
ups.com...
Can you avoid sales tax and intangible taxes by purchasing and flagging
a boat say in the Carribean vs the US?

Yes. I believe there's a time restriction involved... 90 days if my memory
serves. I don't believe you have to flag it elsewhere.

--
"j" ganz @@
www.sailnow.com

Depends on the state....

There are LOTS of closings in Bimini due to Florida taxes... Only
problem, once you bring it back for more than a few months you owe USE
tax (6%...same as sales tax) The boat has to stay out of the US and
out of FL for most of the year. If you plan to use the boat mostly
out of the states then it may work for you if not, it's more expense
than it is worth.

There are also other tax loopholes for domestic use. For Florida, if
you are a resident and own and use a boat in another US state for 6
months and you paid tax in that state (if applicable) then no state use
tax is due when you bring it to Florida.

Most state's web sites explain it.





Capt. JG wrote:

"jaybird" wrote in message
ups.com...

Can you avoid sales tax and intangible taxes by purchasing and flagging
a boat say in the Carribean vs the US?


Yes. I believe there's a time restriction involved... 90 days if my memory
serves. I don't believe you have to flag it elsewhere.

"jaybird" wrote in news:1155482028.960299.312280@
75g2000cwc.googlegroups.com:

Can you avoid sales tax and intangible taxes by purchasing and flagging
a boat say in the Carribean vs the US?



Sure. The incredibly rich have all their monster yachts flagged in the BVI
that come to Charleston. They don't leave them in one place long enough to
attract the tax bureaucrats' attentions....plus, of course, the
billionaires have batteries of lawyers and accountants they'd have to fight
for years to get a dime......making it unprofitable to persecute them.

Isn't that what the lawyer class lives for?

I'd bet Jimmy Dean or Gene Reed's law firms could bankrupt most any
county....

In Larry writes:

"jaybird" wrote in news:1155482028.960299.312280@
75g2000cwc.googlegroups.com:

Can you avoid sales tax and intangible taxes by purchasing and flagging
a boat say in the Carribean vs the US?



Sure. The incredibly rich have all their monster yachts flagged in the BVI
that come to Charleston. They don't leave them in one place long enough to
attract the tax bureaucrats' attentions....plus, of course, the
billionaires have batteries of lawyers and accountants they'd have to fight
for years to get a dime......making it unprofitable to persecute them.

Of course they have paid crew to move the boat from place to place so
that they can avoid taxes. Perhaps the crew will avoid income taxes as
well.

Isn't that what the lawyer class lives for?

Of course it is good busines to pay a lawyer 10 dollars to avoid paying
Oncle Sam one dollar.

I'd bet Jimmy Dean or Gene Reed's law firms could bankrupt most any
county....

Why should they do that?

- Lauri Tarkkonen

(Lauri Tarkkonen) wrote in news:ebnr1r$lnk$1
@oravannahka.helsinki.fi:

I'd bet Jimmy Dean or Gene Reed's law firms could bankrupt most any
county....

Why should they do that?



The point was that the POSSIBLITY of any action against someone BIG would
be the action might FAR exceed and revenues gained from the
action....making the action "less attractive" to the bureaucrats involved
than going after small people without the huge law firms.

What do income, real estate, sales, VAT and boat taxes look like in
Finland?....

How much does gasoline cost? What part of that is taxes?

Just interested as our fuel triples in price in just a few years....

In Larry writes:

(Lauri Tarkkonen) wrote in news:ebnr1r$lnk$1
:

I'd bet Jimmy Dean or Gene Reed's law firms could bankrupt most any
county....

Why should they do that?



The point was that the POSSIBLITY of any action against someone BIG would
be the action might FAR exceed and revenues gained from the
action....making the action "less attractive" to the bureaucrats involved
than going after small people without the huge law firms.

What do income, real estate, sales, VAT and boat taxes look like in
Finland?....

I guess we pay higher taxes than what you do in the U.S., but we know
that there is nothing called free lunch. We have one of the better
educational systems and our medical care is on a high level we spend a
reasonable amount in army and because the expenditure is sanctioned by
the parliament choosen by the people.

We do not have a special boat tax, but boats are property like any other
property and there is a property tax, but that is not very high. Most
people do not even know what it is, as it is so neglible.

How much does gasoline cost? What part of that is taxes?

Gasoline costs at the moment some 1.3 Euros per litre and there is tax
some 54% of that.

Just interested as our fuel triples in price in just a few years....

The more mess you are making in the middle east, the more the oil price
will go up. But anyway, every fellow making tricks to avoid taxes due to
him makes the rest of us pay even his share.

- Lauri Tarkkonen

(Lauri Tarkkonen) wrote in news:ebo8m0$pk0$1
@oravannahka.helsinki.fi:

The more mess you are making in the middle east,

Let me correct a misconception, here. Americans aren't making a mess in
the Middle East. The American Government, which is controlled by the
Illuminati and Tel Aviv (international bankers and the elite), is making
a mess in the Middle East. The American military is simply the war
instrument populated by the propaganda machine.

Remember those huge demonstrations against the Vietnam War in the States?
Those represented the thoughts of the Americans....but not the
government.

That's out of control. I believe you Finns have more control. Don't you
have a vote of no confidence where you can throw out the trash from the
pile in the parlament and cause a new election? We can't, unfortunately.
We get to vote for the Illuminati's candidates of choice. They're ALL
members of secret societies...Freemasons, Skull and Bones at Yale
University, Bohemian Grove. The government is fully infiltrated, as
planned over 100 years ago, so the Illuminati can take over the world,
the "New World Order" you hear Bush talking about....

I doubt anyone can stop them, now. Illuminati bankers control everything
pulling the strings on all the puppets on stage. Check Google for the
details.

There's an excellent documentary film posted to alt.binaries.movies.divx
and possibly alt.binaries.multimedia.documentaries in the past 12 days.
It's filename title is:
The Lightbringers - The Emissaries of Jahbulon (Juri Lina surveys the
history of freemasonry)
It follows their history with full documentation from France and England
and Germany right up to the present. It's an avi movie to watch on the
computer.

Burying our heads in the sand only makes it worse......

Millions will die over it....

On 13 Aug 2006 18:29:15 GMT, (Lauri Tarkkonen)
wrote:

In Larry writes:

"jaybird" wrote in news:1155482028.960299.312280@
75g2000cwc.googlegroups.com:

Can you avoid sales tax and intangible taxes by purchasing and flagging
a boat say in the Carribean vs the US?



Sure. The incredibly rich have all their monster yachts flagged in the BVI
that come to Charleston. They don't leave them in one place long enough to
attract the tax bureaucrats' attentions....plus, of course, the
billionaires have batteries of lawyers and accountants they'd have to fight
for years to get a dime......making it unprofitable to persecute them.

Of course they have paid crew to move the boat from place to place so
that they can avoid taxes. Perhaps the crew will avoid income taxes as
well.

Isn't that what the lawyer class lives for?

Of course it is good busines to pay a lawyer 10 dollars to avoid paying
Oncle Sam one dollar.

In this case, it's the other way around.



I'd bet Jimmy Dean or Gene Reed's law firms could bankrupt most any
county....

Why should they do that?

- Lauri Tarkkonen