Here is an example of the priorities in New York state’s budget: There is no increase in the minimum wage, but purchasers of yachts that cost more than $230,000 are exempt from the sales tax. This may be a wonderful boon for the boat-building industry, as well as the yachting community. There is no point buying a yacht that costs $200,000 or even $220,000, as you will have to pay the sales tax. So, when you consider buying your next yacht, be sure to spend at least $230,000.


Score a big win for the yacht lobby!