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In reply to the discussion: Romney Party Yacht Flies Cayman Islands Flag [View all]hughee99
(16,113 posts)Romney doesn't own the boat. Regardless of where it's registered, it wouldn't show up on Rmoney's taxes anywhere, since it's not his boat.
Besides, Kerry was just berthing his boat in RI, and, as a completely coincidental side-effect, getting out of hundreds of thousands of dollars of MA sales and excise taxes as a result.
Actually, that's not fair to say. While Kerry seems to be the user of the boat which was made for him in a foreign country (so much for buy American, I guess), he doesn't actually own it. It's owned, as your article says, by Great Point LLC, which I believe is a trust set up for his wife. In any case, I'm sure that purchasing the boat through the trust instead of personally, and then berthing it in a neighboring state has nothing to do with taxes or finances.
So I guess neither of them owns the boats being discussed, so that's not a difference at all.