By now, the John Kerry yacht controversy might be considered common knowledge. When Senator John Kerry registered his yacht in Rhode Island instead of his home state, Massachusetts, people assumed that he did so to avoid paying almost $500,000 in taxes. Kerry denied this, saying that the yacht was in Rhode Island for repairs. Although the Department of Revenue addressed the situation by saying that it would evaluate the situation if Kerry brought his yacht to Massachusetts after six months, Kerry ended up avoiding further controversy by volunteering to pay the taxes as if the yacht was based in his home state. Information on yacht taxes and how to buy a yacht is available, which will be useful for anyone interested in owning a yacht.