Unfortunately the law of unintended consequences is real for the rich responded by buying less.

Luxury yacht tax unintended results. It was so exorbitant and so unfair that many yacht buyers just stopped buying. 2 Good intentions bad results. The most pronounced effects of this luxury tax were felt throughout the American yacht industry.

As a result in its first year and a half the yacht tax raised a. Of course rich people dont have to buy a new 90-foot Broward So the federal government doesnt get the tax money and worse Broward doesnt sell its yacht and various boat builders get put out of work. Of course rich people dont have to buy a new 90-foot Broward So the federal government doesnt get the tax money and worse Broward doesnt sell its yacht and various boat builders get put out of work.

It may be too early to report the unintended consequences of the expiration of the TRA. A luxury yacht tax to alleviate government debt. In the first year of the yacht tax sales of yachts costing over 100000 fell by 71 sales of boats costing less than 100000 which were not affected by the tax fell 28 due to the recession.

As a result in its first year and a half the yacht tax raised a pathetic 12655000 for the Treasury. A capital lease or any lease in which the lessee owns the equipment at the end of the term is still eligible for favorable tax treatment under the Section 179 benefit. Sanlorenzo SL78 - EM3 and get your personal offer from Marine Project Boat and Yacht Charter Agency.

But one result is certain and that is more questions for your tax accountant especially if you plan to acquire equipment this year. Great Moments in Unintended Consequences Vol. What the politicos did not calculate in their equation were two small realities.

Austin Bragg and Meredith Bragg 292021 130 PM. Any changes would after all merely reflect the commercial reality of fleet rebates and run-out model payments in the eyes of the distributors and dealers as discounts to the underlying vehicle prices see for example the Federal Chamber of Automotive Industries submission to the Board of Taxation. As a result in its first year and a half the yacht tax raised a.