(Photo/David Eulitt/The Kansas City Star)
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Despite a budget crisis that is seeing Missouri legislators cut
schools, women's shelters and child-care subsidies, big yacht owners -
but not small ones - continue to enjoy a tax exemption
especially popular with lobbyists. These guys are shameless: They even
flaunt it by naming their boats, which can cost up to a million bucks,
"Tax Haven, "Special Interest" and "Deductionis Absurda."
person's tax exemption is another person's loophole," said Ted Farnen,
a spokesman for the state's Department of Revenue, which takes no
position on the issue.