Charlie Crist recently a law that capped the sales tax on boats at $18,000, which means that boats that cost over $275K get a significant tax break. The boat lobby must have worked on that one for quite a while.
Let me get this straight, taxes on income, savings and investment are scheduled to go up at the end of the year, but taxes on the purchase of a high priced boat will be cut dramatically? (Yes, I realize that one is Federal policy and the other is state of Florida policy.)
Apparently, what this economy needs is people to buy more really expensive toys. What's next, a tax deduction for high priced country club memberships?
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