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