Additionally to not knowing anything about economics, you know nothing of the yacht tax. As some one in the yacht industry, I can tell you it was devestating. A

Additionally to not knowing anything about economics, you know nothing of the yacht tax. As some one in the yacht industry, I can tell you it was devestating. And if you think the CEO of a yacht building company rakes in money like the yacht buyers - well you just haven't seen many of their homes. Realize we are competing with China on a significantly slimmer profit margin than your average startup, on a boom or bust industry with fickle buyers. And nearly all boat yards are sole proprietor private enterprises, so their is no board to pay out to. And there is no loophole in the tax code. Go to another country, buy a boat flagged their. Keep it outside US waters. Fly to it when you want to go on vacation. People rarely cruise in the US anyway, it is Bahamas, the Med, etc. The loop hole you are referring to if anything is flagging yourself as commercial vs private, and it has to do with income tax on charters - not the initial purchase.