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Buying a boat without sales tax?
Ahoy, I live in Washington state and am thinking about my first "real"
boat- a blue water cruiser in the $30k-$120k. When I buy a car I pay something like 8% or if it's a gift or a damaged vehicle or you phoney up the bill of sale you still pay some arbitrary made up blue book value the state institutes and which is not insignificant. On a $100k boat this is $8000. Something tells me rich people don't pay this. So what's the scam? Foreign registry or forming your own corporation or what? Sorry to be so clueless. Thanks for your time. |
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