Wednesday, February 24, 2010

I'm on a boat

What with this country still in the throes of the horrific financial apocalypse, many of our local and state governments are in dire financial straights. In fact, that was one of the main goals of the stimulus: to paper over state budgetary holes and prevent them from drastically cutting services and jobs. But as time goes on and budgets must be passed and horrible financial reality must be observed, states are being forced to come up with new ways to deal with those budget shortfalls.

Like taxing the rich. Just kidding. The standard operating procedure of this country in times of economic hardship remains 'do not tax the rich in any way'. No, what I meant to type up above was 'continue to put the screws to the poor'. You know, like Missouri Missourah does.
Cash-strapped legislators have recommended spending cuts for Missouri schools and shelters for battered women, but so far the yachting class can enjoy another season of clear sailing.

Thanks to a longstanding tax exemption, Missouri’s marina set can opt to pay a small fee in lieu of sales taxes and shave as much as $30,000 off the purchase of a $500,000 boat.

That tax exemption alone is depriving state and local coffers of more than $6 million a year, according to some estimates.
...
For now, however, yachts are treated like baby formula for the poor, tickets to the state fair and even newsprint —all are exempt from state and local sales taxes.
You'll be glad to know that if you buy a regular boat in Missourah you still have to pay full freight. It's only the luxury yachts that get the tax break. Because if during these harsh economic times our economic betters have to pay tax on the luxury boats that they purchase for their leisure time, well then by God, the terrorists, socialists, and all manner of evil creatures will have won.

So thank you to Missourah for showing us the way during these troubled times. Fuck the poor, cut schools, keep them women battered, and don't let anyone even think of making sure sales tax is payed on a luxury yacht. Your state serves as a lesson to us all.

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