Texas following Forida in Lowering Tax on yachts to 250K
 

This is a great idea to keep yacht sales in this country. It will be nice to see some mega yachts with their home port actually in the US.:respekt::respekt:

Check out his article:
Texas Estate Planning Blog: Texas is open for business. On the high seas.

Thanks for the information. This sounds like a great idea. What's the worst that can happen? Buyers might buy local? Buyers will keep their money in Texas?

I support this.

This will not go over well with the left. In their eyes, every tax cut is taking money away from some victim that the govt must protect.

Here is the obligatory quote from the anti tax-cut crowd:

"This is an absurd step in the wrong direction. Instead of digging Texas' budgetary hole even deeper, legislators should be looking for new revenue to pay for the public schools and other critical services. The cuts being contemplated for the public schools threaten educational quality in Texas to the point that, within a few years, fewer and fewer people will qualify for jobs that pay enough for anyone to even think about purchasing a yacht," said Texas State Teachers Association spokesman Clay Robison

As a Texan I can tell you first hand the single largest problem we face in our public school system is Mexicans. SORRY. I am friends with countless Latinos but facts are facts. Illegals AND their anchor babies have crippled our system. They have over burdened our classrooms. You would not believe the view of a typical Texas classroom. The overwhelming majority or Hispanics. If we actually addressed our immigration problems there wouldn't be the need to cut the budget so drastically.

And the left is retarded. They have no clue how the economy works. The general consensus among them is making business policy unfriendly thus driving business to move their capital to more friendly systems - then they condemn businesses for moving overseas - then they propose punishing businesses for going overseas - ultimately resulting in the complete block of certain imports and of businesses moving capital abroad. Sounds like communism if you ask me.

To tie all my ramblings together, the yacht move is a good one. Give people incentive to keep their money here and they will. It will be good for the economy. The government cannot control the markets. The harder they try the more damage they do. Let it be.

Is my view on just about everything government related. (when not looking at existing regulation)