Two On A Big Ocean The Story of the First Circumnavigation
of the Pacific Basin
in a Small Sailing Ship


      

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Re: lv-ab: Minimizing taxes

From: S/V Aquarius (no email)
Date: Sun Sep 02 2001 - 20:53:13 EDT

  • Next message: S/V Aquarius: "Re: lv-ab: Spoiled Rotten"

    "I guess perjury doesn't mean much anymore." These types of accusations
    don't mean much either stated anonymously using only a first name, without
    the benefit of knowledge, hiding behind an email box.

    We lived together in Portland, Oregon for 13 years; Mike much longer.
    Purchased the boat and lived aboard there until making Wyoming our
    residence. We paid Oregon's exorbitant income tax for all of those years,
    owned real property and paid those taxes. At least the sales tax states
    allow you to keep the income you make until you have a chance to spend it.
    Oregon wants 'theirs' before you have a chance to spend it. It also doesn't
    sit very well with us that state's have the ability to tax an antecedent
    event that occurred (buying a boat or airplane for instance) prior to
    residence in that state. Taxes were paid, regardless what they are called
    (income, sales, property, etc.) It is no crime to avoid taxes. To paraphrase
    a Supreme Court Justice (Learned Hand): No one is obligated to pay more
    taxes than are due. If it were not for Washington's (State of) greediness,
    we would reside here as there is no income tax either but they do want a
    confiscatory boat tax (sales) to register the vessel-Wyoming wants neither.
    We enjoy British Columbia and gladly pay the 14 percent sales (Province and
    Crown) sales tax. We enjoy winter cruising in the beautiful Gulf Islands and
    are enchanted by Victoria over the Holidays. Living out of the country is
    exciting as I have been exposed to it for most of my life. The big losers
    are
    the merchants of Washington state who miss out on the economic velocity of
    our (and many others similarly situated) dollars being circulated in the
    economy of the state because of the greed of the state government in not
    recognizing that taxes paid are taxes paid even though they are not called
    "sales taxes". If we had bought the boat in a sales tax state, we would have
    been given credit for the taxes paid. We paid 10 percent income tax plus a
    high property tax ($25/1000 valuation-true market value) to Oregon and
    receive no credit. Galling to say the least. We spend our allotted time
    enjoying the wonderful cruising grounds of Puget Sound and head back to our
    tax haven when our time is up as do many other folks up here.

    Kate Adams
    Mike Folkestad
    s/v Aquarius
    lying Port Hadlock, WA

    PS The US is one of the few countries (only 2 I believe--France being the
    other) that tax income after you leave the country!

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