I’m interested in boat names. Please tell me what type of boat you have (yacht, sail boat, canoe, kayak, row boat) and what the boat is named. Feel free to share how the name came about, if you’d like.

Do they collect it from the post office? And when filling in forms what would they put as the address? I’m refering to people who permanently live on a yacht or a canal boat for example and don’t own a house, how do they get around it?

The 1990 “yacht tax” caused a large deadweight loss, because demand for luxury yachts made in the United States is _______. very elastic very inelastic perfectly inelastic since “rich” people will pay whatever is necessary perfectly elastic

different ways of buying a yacht

The 1990 Congressional Budget slapped a luxury tax on yachts to get more money from the wealthy. Result? People bought fewer boats. In its first year and a half, the yacht tax raised a pathetic $12,655,000 for the Treasury – enough to run the Agriculture Department for a little over two hours. Meanwhile, the tax [...]