Hey, there! Log in / Register
Jam 'n' cram at Long Wharf
By adamg on Mon, 07/20/2015 - 3:26pm
![Yachts in Boston Harbor, at Long Wharf](https://www.universalhub.com/files/styles/main_image/public/images/2015/yachtbig.jpg?itok=KIl_uI28)
There were several large, ocean-going yachts tied up at Long Wharf today, including one registered to Bikini Atoll in the Marshall Islands:
![Yacht from Bikini Atoll in Boston Harbor](http://www.universalhub.com/images/2015/yachtbikini.jpg)
Neighborhoods:
Free tagging:
Ad:
Comments
Nobody lives on bikini atoll.
Nobody lives on bikini atoll. They tried to repopulate it in the 1970s but people got sick, so they were removed. I am not sure but I might smell tax fraud.
Well, on the Beany and Cecil Show, there was also....
No Bikini Atoll.
What you smell is a flag of
What you smell is a flag of convenience and not tax fraud. Tax evasion, yes, but it's also completely legal.
Tax avoidance....
... is the term for legally (if perhaps sneakily and underhandedly) minimizing one's taxes. Tax evasion is the name for doing this in a way that DOES run afoul of the tax laws.
...isn't that what John Kerry tried to do a while back?
.
Sort of
He still had US registry on the boat. I believe he simply paid the taxes where it was in harbor?
Something like that.
Not that such things aren't made easy by miniscule sized states a day's bike ride from each other.
Remember Chris Rich?
He would have been all over this post.
"...isn't that what John Kerry tried to do a while back?"
Yup. Registered it in RI, Newport I believe. No tax. No sales tax. No excise tax. Really.
http://www.dem.ri.gov/programs/bpoladm/manserv/hfb/boating/boatfaq.htm
Heh: http://www.masslive.com/news/index.ssf/2010/07/sen_john_kerry_docks_new_...
Howie Carr was all over it a few years ago. You should read him. Very informative.
Oh
I like that older looking wooden boat hiding in the middle of all that fiberglass. If that's what it is.
John Kerry celebrates the
John Kerry celebrates the fifth anniversary of doing right by his home state. Such a fine Senator he was!
From July 2010:
http://m.huffpost.com/us/entry/656985
Kerry's boat
Not really. The owner pays sales/use tax where the boat resides, not where the owner lives. If his boat spent a certain amount of time in MA (don't know how much), then he would be liable for sales/use tax in MA. But his boat resides in RI.
Kerry caved because of the all the negative PR. Any normal person would not have had to pay MA sales/use tax.
Bikini Atoll
Bikini Atoll:
www.youtube.com/watch?v=p7Hpp99HXZo
Not just a yacht, a superyacht
And it's for sale.
It's for rent
Not for sale.
Hmm, then they need to change that page
Specifically, the part where it says:
Every single yacht is for sale
Whether is it is listed or not. Depending on registration, they may not be for sale while in US waters, but they can be bought.
These yachts list in the $20-$100 Million range (100-175feet). They cost about 10% of that price EACH YEAR to run.
If a yacht owner buys a boat for 50 Million and two years later somebody offers him $50 million for it, I guarantee you it will sell.
A new yacht is a multi year project. There is always somebody looking for a yacht right now. Smart money buys new and sells for a profit before delivery.
As the saying goes
Like owning a Ferrari
One could buy a used 360 for a reasonable sum, but the oil changes and regular maintenance charges are a killer compared to a corvette of comparable price.
Holy Moley!
Wow. Are the others also for sale? Maybe someone had them brought here for to comparison shop.
I was considering it. Then I
I was considering it. Then I looked at the specs, and I realized that the fuel tank of the thing (50,000 litter, or over 12,000 gallons) is bigger than my living room...
Tax Avoidance, Labor Costs
Great questions. I searched and found this article:
http://www.powerandmotoryacht.com/ownership/cost-american-megayacht-owne...
When people talk about
When people talk about building on the waterfront they complain about blocking water views. These yachts that park all along the harborwalk all block the view of the water, why arent people complaining about these? The South Boston waterfront used to be one of the only places you could actually see water in front of you along the harborwalk, but that area too is turning into a parking lot for yachts.
Well ...
They kind of blocked the view from Christopher Columbus Park, but no more so than all the ferry boats that dock there regularly, anyway. From the end of Long Wharf, they didn't block the view of the harbor at all.
Here today, gone tomorrow
But im pretty sure most people living next to the water will want a view of these yachts. When selling, do you want a view of the megayachts, or a view of another building?
I would expect that
I would expect that water views of a wharf would naturally include, ya know, boats and stuff.
The boats were here long
The boats were here long before you dear.
Nautical ways to waste time on the Web
http://www.marinevesseltraffic.com
http://www.sea-scanner..com
A couple years ago, the wife
A couple years ago, the wife and I saw a real mega yacht in port in San Juan. It was big enough that it had a 30 foot (ish) sailboat, submarine, and some jet skis that could be lowered off the deck with a crane. And a helicopter. It was a big boat.
Sounds like Paul Allen's rig.
https://en.wikipedia.org/wiki/Octopus_(yacht)
Similar
The superstructure on the one we saw was proportionally less of the boat's length, and the aft deck where the sub and sailboat could be deployed was longer. And there was only one helipad (that I saw, at least).
Hey Smales
My dinghy is bigger than your whole boat!
I hope the one registered in
I hope the one registered in the Marshall Islands uses a traditional stick chart. (But they probably don't with all those fancy antennas on top.)
![IMAGE(http://mfas3.s3.amazonaws.com/objects/SC310134.jpg)](data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==)
-Museum of Fine Arts.