Paul Allen has 3 of the world’s largest yachts. They aren’t docked behind his Mercer Island Washington home. What does he do with them? Where are they?

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I’m curious as to how many people have heard of the FairTax. It’s basically a tax system that would get rid of the IRS, promote economic growth, and let you keep more of your check. It’s a flat sales tax of 27% on everything beyond basic necessities, like rent, food, clothes, etc. Only luxury items would be taxed. Everyone would recieve a “pre-bate” check in the mail, every month, for the amount you would have payed in taxes on necessities, depending on your income level. That means the poor pay little or no taxes, and the rich, when they want that yacht or that nice Benz pick up the tab. There would be no more income, social security, medicare, or state taxes. If you are thinking that it sounds too easy, think again, it has been endorsed by many distinguished economists as the best thing for America. The effort to push it through is being spearheaded by talk show radio host Neal Boortz and Congressman John Linder, GA (R). Here’s a link to their website: http://www.fairtax.or
www.fairtax.org
Cantcu, you obviously have no idea what you’re talking about. The flat tax is applied to EVERYTHING, there are no tax shelters.. every good and service is taxed at one rate. It doesn’t matter if a business or individual made the purchase, it will be taxed at the same rate. I was mistaken in my post btw, it’s 23% tax rate, not 27%. As for the rebate, it caps out at $40k in basic goods for a family with 7 children, it’s not based on income. Oops again. I’m generally wary of anything a politician says, but I have reviewed this plan thoroughly, and I can find NO flaws. Obviously nothing is perfect, and if it is ever implemented, I’m sure some flaws will surface, but side by side with the current tax plan (which really does favor the rich), it is infinitely better.

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Only by switching to a flat tax for all income levels and relying on sales and corp tax revenue can anything be fair. Poor people can control their spending as well as the rich, but this provides incentive to improve education and training and encourages savings and thrift. Nothing wrong with that theory advocated by many patriotic Americans. Let the Kennedy’s buy their yachts and I will be okay with a cheap canoe, which I can paddle myself. Just give us the chance. Nobody can keep up with the awesome complexity of the laws and IRS codes and interpretations. Only lobbyists do that. The big time CPA firms and corp law firms write the laws and tell the politicians what it all means. I know. It takes armies of these people to administer this monster. And those like Ron Paul, Mike Huckabee and others have told you correctly, change the system. Dump the awesome bureaucracy and libraries of codes and rulings and all of these government entanglements. You cannot understand it, trust me.

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We should alert Al Sharpton to this racist publication .
I just looked through the last 8 issues and could not find a single photo of an African American .

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I am interested to learn how to do yachting and eventualy to own a yacht.

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I served 4 years on a Coast Guard ship and I am about to finish college. I want to get back on the water, preferably on board a mega-yacht. I have 3.5 years of navigation/operations experience and I would like to start out as a 3rd of maybe even a 1st mate. Is this possible?

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I need to know about metal fatigue, structural design points and legal requirments to go to sea. Anything you have on ocean going ships will help.

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A yacht brokerage has asked me for a certificate of insurance in order to clean the insides of their yachts, what is the minimum I need to get and who writes this insurance?

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Has anyone lived on a 40 foot +/- yacht? I see them outside my office window all day and it seems like a relaxing life. Are they really too small to live(single) comfortably and how fast do they depreciate? A quick seach revealed that a 40 footer cost more or less the same as a condo or small house, but what are the upsides of living on a boat(other than being mobile)?

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