RichVR
3137
The Black Iron Prison has never left our reality. Sounds right.
More on the tax scheme thing.
When buying a vessel or cruising in U.S. waters, American yacht owners like the DeVoses could face state sales or use taxes. However, registering a yacht in a locale like the Caymans — under what has come to be known as a “flag of convenience” — allows those American yacht owners to effectively characterize themselves as foreigners for tax purposes, thereby avoiding the obligation of paying the standard sales and use levies, while enjoying police and Coast Guard services during times their vessels are untied.
“If you want to come in and use the waters of a given state of the United States, the question is, how can you insulate yourself from getting hit for the use tax?” maritime attorney Michael T. Moore told Capital & Main. “The answer is close and register offshore. If you close and register offshore, you aren’t subject to either a sales or a use tax. You are simply visiting the United States, and you are visiting under a privilege that is granted to certain countries in the world under what is called a cruising permit. Those countries grant the privilege to U.S. flagged vessels, and the United States offers that reciprocal right to vessels flagged by those countries. In practice, it means the permit allows you to go from port to port in different states without having to officially make entry and pay taxes to the states of the ports you visit.”
rowe33
3140
It’s simply unreal how this isn’t an annual issue for “conservatives” that also whine about “welfare queens”, etc. Or you know, par for the course. Only the rich are allowed to take advantage of crap like this, otherwise Something Must Be Done!
Oghier
3141
When Reagan started talking about “welfare queens,” nobody thought he meant white people. This isn’t hypocrisy – just racism and greed.
Oghier
3143
They offered her $180k/ year? As bribes go, that seems pretty trivial. If her book really contains anything explosive, she’ll make quite a lot more than that.
Also, she may feel morally bound to expos… HAHAHAHA. It’s the money.
Djscman
3144
That’s the going rate for a hush money sinecure, isn’t it?
rowe33
3145
I think they use $15,000 because it’s sort of similar to the proposed minimum wage. They figure $15k/mo is like a poor man’s wage for this sort of thing.
I mean, so do Trump’s tweets.
Please let this be a joke…
You know what’s funny?* That we have to question if this is a joke.
(*not the right word)
Djscman
3149
I’m pretty sure that’s from the same universe that Trump’s favorite cable network, the one with the fighting chimpanzee documentaries, is from. That universe is very nearly congruent with ours.
Jeez, how do I get in on that sweet action? Oh right, I’d have to work for Trump first. Naaah…
Nesrie
3153
Doesn’t even have to be honest so much as competent.
True, but if they did in this case, I’d question their motives (despite it being completely appropriate).
Nesrie
3155
Well I guess my point is this whole we don’t care about security except when we run around whining about moles… well that lack of security can be a problem for everyone, assuming, of course, anyone in there actually cares if foreign entities interfere, maybe they don’t.
Doesn’t seem like most of them care in the slightest, other than in a pearl-clutching sort of way.