SUBSCRIBE chat center Gazette|Chatboards|Lessons|Projects|Classifieds|Mailrings|Jobs|Harry Wong|Live!|Advertise SUBMIT POST ALL POSTS TOP POSTS Share | Print | Report Post California Teachers Chatboard Search Teachers.Net Advanced Quick Links: Set Subscribe to CA-Teachers Hot Now... • August 2008 Gazette • Teacher Tech Center • The Lesson Bank Most Popular • Set Your Quick Links • Chat Center • All Chatboards • Lesson Bank • Teacher Mailrings • Project Center • Classified Ads • Live Chat & Meetings Select by • State/Region • Grade Level • Curriculum • Interest Group • Teaching Method Special Topics • Technology • Languages • Hot Topics • Career Center • Distance Learning • Fundraising • Tutoring Center • Teacher's Bookshelf • Free Printables • Classroom Photos • Meeting Archive • Teaching Articles • Library • Web Tools • Webring • Search • Advertise   Post: Californian Republican aka 'Yacht Party' Ripoff Posted by Sam I Am on 5/13/08 Q: What is the "Yacht Party"? What else would you call the California Republicans who decided to support an appalling tax loophole for yacht purchasers while the state is facing a massive $20 billion budget deficit and teachers are getting pink slips? The Republicans earned this new brand. Credit California bloggers for this good piece of snark. Q: How does this yacht tax loophole work? Say you live in California and you just can't live without a new yacht. So you buy one. If you want to stiff the state on your sales tax, you simply stash the boat out of the state for 90 days. Poof, you don't have to pay your taxes like everyone else. Nice, eh? Q: Why does the yacht tax loophole (sloophole) matter? Close this loophole and the state would bring in about $26 million. It is a relatively small sum given how massive the budget deficit is, but with the economy in free-fall and schools and parks being closed, every dollar counts. We shouldn't be protecting the personal profits of yacht and private jet purchasers when California's future is in jeopardy. Not to mention that the state and its workers are losing out on any renovation work these new owners want done to their new boats, which is now done out of the state, or country. Click here to read more... Posts on this thread, including this one Californian Republican aka 'Yacht Party' Ripoff, 5/13/08, by Sam I Am.

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