SailNet Community - View Single Post - Minimizing Taxes; Hailing Port
View Single Post
Old 02-09-2004
slipacre slipacre is offline
Join Date: May 2002
Posts: 76
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 13
slipacre is on a distinguished road
Minimizing Taxes; Hailing Port

I bought my boat in NC (No tax)and had to pay tax in NY. Had I left it in NC there would have been property tax - Seems like they will get you one way or another sooner or later. You could always become a tax exempt foundation or claim that you are from another planet and therefore exempt. Not sure it is worth the effort though it is a bite my wallet still remembers. Or you could take it out of the country and have to deal with it somewhere else.
Good luck.

Todd V
Reply With Quote Share with Facebook