More Tax Free Yachts
- added May 12, 2008
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- leahl
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The Republican tax cut cult, as Arianna so aptly calls it in her new book, has achieved its zenith in California. Here, if you must have a yacht or private jet, you can have it tax-free. All you have to do is keep it out of the state for ninety days from the time of purchase and you pay no sales or use tax. But if you need a car you're taxed on it, no matter where you buy it. And last I checked, more working people need cars than yachts. As one of only three states in the union that mandates a two-thirds legislative majority to pass a budget (a key element of the right wing success in choking government), California's Republican Party can and does annually hold the budget hostage in return for subsidies for the rich.
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