Reminds me of when the US decided to impose a tax on luxury items in the 90's.
Cars over $30K and new boats over $100K if I remember correctly. New boat
market went into the toilet. 17,000 boatbuilders got pink slips. Well, THAT
worked. Lawmakers consistently ignore the law of unintended consequences.
Steve, speaking of bureaucratic shocks, when I bought Touche' and went to
change the documentation to my name from the previous owner, the USCG
documentation center informed me there was a $62,400 lien registered against
the boat! Turned out to be just a paperwork drill but that piece of news had
my head spinning for a couple weeks.
Dennis C.
Touche' 35-1 #83
Mandeville, LA
>________________________________
> From: "Hoyt, Mike" <mike.h...@impgroup.com>
>To: cnc-list@cnc-list.com
>Sent: Wednesday, December 4, 2013 8:29 AM
>Subject: Re: Stus-List Canadians - retail sales tax used boat
>
>
>
>
>
>
>The good news is that our boats are really cheap to buy.
Most of us are in fact sailing boats that would be well in excess of $100,000
to
replace with a like boat that is new. We are enjoying other people's
formerly new boats at a fraction of the cost. We are very lucky that these
boats have been built so well that they can last long enough to depreciate to
affordability. Imagine paying the tax on a new 32 ft boat.
That would really hurt!
>
>Mike
>
>
>________________________________
>
>
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