How much more blood can they suck? - Page 3 - SailNet Community
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post #21 of 134 Old 03-09-2012
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Re: How much more blood can they suck?

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Oh, wait. We have a second house in Ocean City. Phew. LOOPHOLE!
Two houses AND a boat - bwaaaaah ha ha - have we got a tax for you !!!

John
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post #22 of 134 Old 03-10-2012
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Re: How much more blood can they suck?

Donna


April fools....You may not understand ....even though you have property in the other Ocean City ( I lived in Ocean City , NJ for 18 years) , that does not make you a resident of Maryland.

I have houses in Sanibel, Florida and Conway New Hampshire but I am a resident of Maryland. Owning property in multiple states is done by many people.

Residency see is determined by where you vote ( you can only vote once in federal elections legally...and where you pay state income tax....so you re an outsider to those of us who truly live in Maryland and thus eligible for the luxury tax

We love you and John just the same and thank you for paying for the right to play in our beautiful state.

Dave.


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post #23 of 134 Old 03-10-2012
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Re: How much more blood can they suck?

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... and where you pay state income tax ...
not all states have one.

John
Ontario 32 - Aria

Free, is the heart, that lives not, in fear.
Full, is the spirit, that thinks not, of falling.
True, is the soul, that hesitates not, to give.
Alive, is the one, that believes, in love.
JCP


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post #24 of 134 Old 03-10-2012
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Re: How much more blood can they suck?

Copied from the Maryland website:


Residency

Resident
If you were domiciled in Maryland on the last day of the taxable year, or you maintained a place of abode (a place to live) in Maryland, and were physically present in Maryland for more than six months of the tax year, then you are a legal resident.


Looks like you should all go cruising for six months plus one day and come spend New Years Eve in Newport each winter. We have a great time.

Truth is, RI is no tax picnic. I just paid my $600 (2 yr) boat registration fee last month. That's just the cover charge.

The six month thing is common and often an issue for people who retire south, but keep a place in New England near famiy or friends. State tax departments absolutely will check utility bills, phone records ( including cell phones ), credit cars statements, etc, to determine where you actually were.


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post #25 of 134 Old 03-10-2012
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Re: How much more blood can they suck?

I'm simply stunned. It looks like O' Malley is just piling it on because he's not worried about re-election.

These guys are idiots. The "toy" market has been hit so badly, that there are much fewer boats that meet "luxury" criteria, so fewer expensive boats to fund the tax. I paid $4,000 for a boat that in a good market would fetch $10K. Now apply that to more expensive boats.

This is just nuts.

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post #26 of 134 Old 03-10-2012
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Re: How much more blood can they suck?

Guys & Gals.
Most states dont give a 'rip' where you live when it comes to boats and other 'vehicles'. All states define 'principal usage' areas and time limits to define such activity. For example, in Maryland if any boat is 'kept' in Maryland for more than 90 days (used to be 30 days) the vessel is subject to all sales and use taxes (less taxes already paid to 'other' states).
BoatUS.com: Government Affairs ...'grace period' = 90 days.

Its the same with automobiles and aircraft ... if you keep them in a state beyond the 'grace period', you OWE the taxes. Welcome to rampant SOCIALISM and governmental opportunistic GREED.

The American Revolution was engaged when total taxes exceeded 2-3% on personal income. Now total taxes for individuals are in the range of 50-60% when you calculate ALL the taxes that you 'fair-share contribute': income, school, real estate, sales, excise, fuel, SUI, SS, permits, pass-along corporate taxes, capital gains, transfer taxes, tolls, (émigré taxes if you leave NJ), etc. etc. etc. ad nauseum. That the government essentially squandered and mismanaged most of the previous taxes makes no difference if the 'government' wants more ... its "the government" and you are only a high profile, opportunistic target, deep pockets, 'prey species' ... an indentured 'tax serf'.

Last edited by RichH; 03-10-2012 at 09:44 AM.
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post #27 of 134 Old 03-10-2012
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Re: How much more blood can they suck?

RichH, you are right and I agree with your comparisons. However, I think the proposed tax is more like a personal property tax, which is usually triggered by residency. I may not have read carefully.

Nevertheless, registration is clearly a tax by another name, and you are quite correct.


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post #28 of 134 Old 03-10-2012
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Re: How much more blood can they suck?

Here's the bill: http://mlis.state.md.us/2012rs/bills/hb/hb1345f.pdf

It defines this a sales tax AND (most importantly) a USE tax. A USE tax is a YEARLY tax imposed on the USE of the item.

In the above URL you will find that for assessed value of greater than $35,000 and less than $90,000 the USE tax will be a yearly 1% of the value. For greater than $90,000 value the yearly tax bite will be $550 PLUS 2% of the value in excess of $90,000.00. Of course assessed value is entirely arbitrary and at the whim of the assessing authority ... and 'can' be much higher than the 'actual' value.

Since this is defined as a sales tax AND a use tax, you pay the tax at the time of the sale/purchase AND the same amount EVERY YEAR that you USE the boat in Maryland - the area as defined by 'location of principal usage' - 90 days! There is NO EXCLUSION for 'non-residents' anywhere listed in this outrageous 'bill'. Its NOT a 'property tax' its a sales and USE tax
... and there are preliminary discussions for the ADDITIONAL implementation of PROPERTY taxes (on boats, etc.) on top of this USE tax by the counties/cities, etc.

Annapolis and its surrounding area, the 'sailing capital of the east coast', will become a ghost town and you can bet your ass that the lucrative marine industry there will whither to only selling 'cheapies', dinghies and inflatables.

Maryland has 'chased away' most of its basic industry and commerce by its inane burdensome tax laws (4th highest in the USA) ... the recreational maritime industry is simply the next to be bludgeoned and forced to relocate elsewhere.
My guess is Maryland, with most manufacturing and other productive industry driven away, that all it has left in tax base opportunism is to extract from the 'rich' US and state government, etc. workers who only use Maryland as their 'bedroom'.

Foreign flagging (flag of convenience - FOC) will become 'de rigueur' ... IF you can move your boat to an offshore port/country yearly to meet the US cruising permit laws.

Last edited by RichH; 03-10-2012 at 11:25 AM.
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post #29 of 134 Old 03-10-2012
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Re: How much more blood can they suck?

Ugh. Got it now. Use taxes can be insidious and most don't even know they exist.


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post #30 of 134 Old 03-10-2012
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Re: How much more blood can they suck?

Insidious doesnt even come close .... outright confiscation and redistribution to make up the shortfall due to mismanagement, malfeasance, misfeasance, corruption and 'transfer payments' are the correct terms.
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