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Go Back   SailNet Community > General Interest > General Discussion (sailing related) > How much more blood can they suck?
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Thread: How much more blood can they suck? Reply to Thread
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Topic Review (Newest First)
03-16-2012 04:19 PM
RichH
Re: How much more blood can they suck?

Quote:
Originally Posted by seabreeze_97 View Post
Wasnt the luxury yacht tax enacted in 1990? Last time I checked, that wasn't Reagan. Now I'm fully open to the possibility of there being another "sin" tax I missed. Was there?
'LUXURY TAX' Senate Bill - 1990
Chief Sponsors: Ted Kennedy - D MA and George Michaels - D Senate Majority Ldr.

The economic explanation for the total failure of the 1990 luxury tax .... Economics for the Citizen - Part 7
03-16-2012 03:55 PM
seabreeze_97
Re: How much more blood can they suck?

Quote:
Originally Posted by blt2ski View Post
What does congress have to do with maryland? Now the maryland house/congress equal......complain against it.......

WIth that in mind.......takes me back to the Regan era....When a luxury tax was added to many items by him and the federal congress. Proceeded to pretty much ruin the boat building industry among other things within the USA at the time. We have probably what, 1/4 of the boat builders that we have now?!?! I am sure the tax had something to do with it, along with a recession that occurred about then....... These types of taxes are not always the best option.

marty
Wasnt the luxury yacht tax enacted in 1990? Last time I checked, that wasn't Reagan. Now I'm fully open to the possibility of there being another "sin" tax I missed. Was there?
03-16-2012 11:30 AM
travlineasy
Re: How much more blood can they suck?

I've been self employed since 1975 and I can assure anyone who works for someone else, between the taxes, insurance(s), fees, licenses, etc..., it's a wonder that anyone even wants to go into business for themselves, let alone hire employees.

Back to the boating fees. I've covered the DNR beat for more years than some forum members have been alive, and I can assure you that this agency has been out of control for decades. In reality, you could easily cut 50-percent of their labor force and still have people running around the Annapolis office with the same, ragged piece of paper they were running around with 20 years ago.

The Boating Administration/Service is always asking for more, and more, money for projects that never seem to materialize. The entire division could probably function just fine with no more than a half-dozen people and a couple updated computers. All of the projects could easily be outsourced to private industry, but that never seems to be the case.

Like I said earlier, bend over and get out the KY Jelly--Czar O'Malley is gonna' stick it to all of us filthy rich boat owners.
03-16-2012 01:04 AM
neverknow
Re: How much more blood can they suck?

I've done my best to stay away from this thread. but it's very hard to do.

What the USA is up against in the next 50 yrs is nothing short of communism, if not it's surly socialist.

It's a natural progression that humans go through. At first we are free, than little by little we give more and more power to those in charge. (read government)

It happens so slowly we don't always see it happening. Something as simple as zoning to "protect" your property. Next thing you know the city/town can tell you what type of lights you can use or what color your building can be.

The same thing is happening with the tax code. Most people without kids probably don't even realize that people with kids making under $30-40K a year don't even pay any taxes at all. Thanks to the EIC (earned income credit). Funny you don't even have to earn a income to get it. Oh and $30-40K a year in Indiana is not bad wages either. Maybe in parts of the USA it would be?? Sure your not rich but they still have cell phones HDTV"s in every room and 2 or 3 cars.

This all started out with a different deduction if you were married, than if you had kids you got more. Now it's no longer a deduction but a credit. Welfare.

I have had a small business for 15 yrs. When I got big enough to hire help you would not believe what happened. The government came down on us like we were robing a bank or something. The paper work required meant I had to hire some just to do paper work. In the end I finally pulled the business back to where just our family could do the work and got the government off my back. I can sleep better at night too.

You liberal people out there had better wake up, because once all your freedoms are gone most of you will be the first people screwed.

Who would you rather have feed, cloth and take care of you? I'd much rather the government get the hell out of the way. I can and will do it myself.
03-16-2012 12:41 AM
RichH
Re: How much more blood can they suck?

Good to hear.
Originally I wasnt happy about a complete castration in order to pay for more government mismanagement, fraud and corruption. With the MD government now leaving me with one testicle, I will feel a bit better.

Even with the 'pull back' to inane instead of draconian increases, Imagine if a business announced an equal price increase ... how long do you think that business would be in business? Or, what would happen if you marched into your boss and demanded a 400% salary increase?
Only government can pull off such legalized THEFT for providing little to no 'return' to its 'customer'.
03-16-2012 12:26 AM
dvuyxx
Re: How much more blood can they suck?

Proposed Maryland Boat Registration Hike Scaled Back

Proposed Maryland Boat Registration Hike Scaled Back

Updated: Tuesday, 13 Mar 2012, 9:09 PM EDT
Published : Tuesday, 13 Mar 2012, 9:09 PM EDT



ANNAPOLIS, Md. - Maryland's Department of Natural Resources says it's scaling back proposed increases in boat registration fees.

Department officials say the changes were made after meeting with boaters and others who would be affected.

Boat registration currently costs $24 every two years. DNR says it will now propose fees ranging from $25 for boats under 16 feet up to $300 for boats more than 65 feet long. A bill before state lawmakers originally called for fees ranging from $50 to $700.

The department says registration fees have not increased since 1983. And revenues from a tax on boat sales, the major source for a fund used to maintain waterways, have dropped along with declining boat sales.

DNR says that has left it able to fund 11 percent of requests for fiscal 2012.


Read more: Proposed Maryland Boat Registration Hike Scaled Back
03-16-2012 12:06 AM
RichH
Re: How much more blood can they suck?

Quote:
Originally Posted by JonEisberg View Post
......... Hell, I'll even go one step further, and suggest that it's high time they started to pay some US Federal Income Taxes of their own, as well... (grin)
Spoken like a true full envy 'confiscator'. FWIW ... taxes are paid on the proceeds of business in the form of employees salaries (paid by both the company AND the employee), taxes on profits, taxes on dividends, capital gains taxes paid on tax returns of the individuals holding the stock. ALL Money that 'leaves' a business is taxed.

What you are proposing would be similar to having a special tax on boat delivery on top of the normal IRS, etc. --- taxes that you & the boat owner already pay ... and you would instantly know what that would mean - less boat deliveries.

IN an 'economy of scale' equlibration, I would think that delivery captains should have a windfall profits tax applied to all deliveries that pay more than 'a defined percentage above minimum wage or equal to the national average wage for ALL' - just because MONEY is involved. .... just as inane as the envy of any entity that is 'productive' and who already pays taxes, as your 'profits' may be higher in percentage than even 'big oil' and WE really dont know therefore if YOU are actually paying your .... distributive 'fair share' or adequate 'contribution to society'.

Try Cuba or the former USSR, Jon. You'd love the 'redistribution schemes' there.
03-16-2012 12:01 AM
neverknow
Re: How much more blood can they suck?

Quote:
Originally Posted by SloopJonB View Post
$35K ain't exactly top end now - that's only a hair above the average family sedan.

If they want to tax luxury cars the bar needs to be more like $50 or $60K and it should slide up after that, not hit with full force right off.
OMG, What difference does it make what some one spends on a car. It's none of anyone's business. The tax should be the same %.

$100 or $100,000 or $1,000,000

A true fair tax would be a flat tax.
03-15-2012 11:34 PM
SloopJonB
Re: How much more blood can they suck?

Quote:
Originally Posted by NICHOLSON58 View Post
Cars over 35 kilobucks will put the hurt on all of the top end cars including US built AND EV Hybred etc.
$35K ain't exactly top end now - that's only a hair above the average family sedan.

If they want to tax luxury cars the bar needs to be more like $50 or $60K and it should slide up after that, not hit with full force right off.
03-15-2012 10:28 PM
NICHOLSON58
Re: How much more blood can they suck?

So - is it a luxury item if it is your only living quarters i.e. house? I'm sure there is no room heere for any sort of reason or logic.

Love the photo - says so much. I hope you saw it along a public road. Great campaign sign except most won't get it.

I read some of the bill. Thanks Travlineasy. That ought to but a serious bind on lots of business. Cars over 35 kilobucks will put the hurt on all of the top end cars including US built AND EV Hybred etc. Private planes boats furs etc. If you work in any of those businesses you need to understand that the Gov and Legislature is saying they don't need or want you in the state so get lost.
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