Comments on: Maryland’s maritime tax mistake

By: Maryland roundup - Overlawyered

Maryland roundup - Overlawyered — Tue, 14 Aug 2012 04:30:05 +0000

[…] been writing more lately on policy issues arising in my adopted state, such as the boat tax and Baltimore’s fight with liquor stores, and you can keep up by following my local Twitter […]

By: David Schwartz

David Schwartz — Thu, 09 Aug 2012 04:42:03 +0000

Before you raise a tax rate, you really need to analyze whether the tax revenue lost due to discouraging the thing taxed will be made up for by the greater revenue from the higher tax rate.

By: Hugo S. Cunningham

Hugo S. Cunningham — Wed, 08 Aug 2012 14:22:11 +0000

Some tax-and-spenders might argue that a Federal yacht tax would eliminate invidious competition among States, but that has been tried also. A 1990 Federal yacht tax was repealed in 1992, following anguished complaints by the boating industry. Rich folks found other other ways to spend conspicuously, while boaters were left high and dry.

By: marco73

marco73 — Wed, 08 Aug 2012 12:22:40 +0000

Even Mass. Senator John Kerry figured out it was cheaper to register his luxury yacht in lower tax neighbor Rhode Island. You’d think someone from Maryland could have called the good senator and ask his opinion about high taxes on boats.

By: mojo

mojo — Tue, 07 Aug 2012 21:35:57 +0000

Not surprising – Maryland was a smuggler’s port and pirate haven long before there was a USA. Thievery is in their blood – hell, just look at Baltimore.