Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

fescuerescue

(4,475 posts)
6. This is amazingly common
Fri Aug 10, 2018, 05:28 PM
Aug 2018

Take a stroll down any of Ft Lauderdales major marinas, except during hurricane season, there are literally hundreds of these superyachts moored there. Many of them complete with Helicopters and tenders that are larger than most "small" pleasure boats.


What they all have in common however, is that virtually none are registered in the US. (sadly even the ones owned by some of my favorite Democrats in Hollywood, but I'm not naming any names)

Cruise lines do it to. None of the major cruise lines register their vessels in the United States.

I don't know what the difference in tax is on a $40m vessel for the Bahamas vs US, but it most be significant since its very rare to see a US registered super yacht.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Latest Discussions»General Discussion»Why Betsy DeVos Shuns The...»Reply #6