Reduce Your Taxes & Your Carbon Footprint
Introducing: The Carbon Neutral Yachting Lifestyle
The Democrats' commitment to climate justice and Covid may be admirable, but certain to make the boating life more challenging and expensive via escalating fuel costs, inflation, punitive new taxes with higher tax rates, and increased regulation with the priority of reducing / eliminating CO2 emissions, etc.
To pay for their programs, make sure the wealthy pay their fair share, and as a form of penance for perceived prior "inequities", they demand a significant increase in IRS enforcement, compliance & tax audits. With plans to target the most successful, much of such burden which will likely fall disproportionately upon many in the boating community - some of whom have in fact been playing fast and loose with many tax code provisions.
Nevertheless, the strategies and real examples herein such as how $23,000 becomes $840,000, not only demonstrate doing our fair share to solve economic inequities in the past, as well as the future, but can also go a long way, when properly applied, in minimizing any tax liabilities; past, present or future.
Will YES still be able to make yachting dreams come true - and keep those dreams from becoming nightmares - when other advisors can't?
Economically & Environmentally Sustainable Boating
Now in addition to Net Worth Neutral Yacht Ownership which makes the yachting lifestyle prudent wealth management, Carbon Neutral Yacht Ownership makes the yachting lifestyle environmentally friendly!
A bigger boat
Programs that pay for it
Producing actual net profits
Preserves & protects net worth
Providing more time on the water
More time to enjoy friends and family
With less cost, expense, worry, and stress
The extra benefit of giving something back
AND protects & preserves the environment
So now, exactly what's preventing you from living your dreams?
Combining these specialized strategies can make the yachting lifestyle prudent wealth management and environmentally equitable.
The yachting lifestyle is about much more than just big boats.
It's for anyone with the financial resources and desire to enjoy life beyond the survival basics.
It's only natural then, the more one has, the more one consumes.
Unfortunately, there may be societal costs of excessive consumption.
The current demand for climate justice is largely premised on one irrefutable fact.
Unlike the broad spectrum of scientific assumptions, interpretations, conclusions, and predictions from
numerous contradictory climate computer models about:
what level of CO2,
from what sources,
by what date in the future,
to what degree of certainty,
could possibly lead to what range of consequences,
and what if anything should or should not be done,
by whom, and when, at what cost and who will pay,
almost everyone recognizes and agrees - more or less;
ceteris paribus, that above a certain range- the lower the CO2 and greenhouse gas emissions is probably for the better. But regardless of where one is on the climate crisis spectrum, it's largely unquestioned that the lifestyle and financial resources of the world's wealthiest people, in the wealthiest countries, result in more energy consumed, more fossil fuels burned, and the overwhelmingly disproportionate majority of green house gasses emitted.
The one undisputed correlation: the greater the wealth, the more energy consumed & more pollution.
But thus far, that has proven to be easier said than done.
What does it take to be in the global 1%? Who are the 1% that pollute so much? Where do you rank?
According to the Washington Post reporting on the Brookings Institute's income calculator:
"A $50,000 income in the United States has enough buying power to put you in the 99th percentile globally for per-person income. Within the United States, your income falls around the 80th percentile".
Congratulations, as many reading this may not have realized they are in the global 1%!
In the United States, an income of $362,000 is in the 1%, $126,000 is the top 10%. However it can vary by location. Rural Mississippi is not the same as the 1% in New York City.
Regardless of how much of a climate crisis true believer they may be publicly, efforts to persuade most
people to significantly change their lifestyles - give up their comfort and convenience, much less their boats, jets, excessive consumption etc. and reduce their carbon footprint to levels they profess is necessary for society to survive only exposes the corruption and futility.
The climate hypocrisy to date is well documented. Actions certainly do speak louder than words. It's almost as if no one - not even the policy makers - really believe there is a climate emergency.
Fortunately, YES Yacht Executive Solutions by applying it's strategies to make the yachting lifestyle economically and environmentally sustainable can now help many Americans - regardless of their interest in boating - or their private jet travel- many of whom may be some of the wealthiest and greatest polluters - to profitably and substantially reduce their carbon footprint. It's even possible to become carbon neutral.
Most boat owners - and certainly the more affluent- probably already have a trusted team of qualified and highly compensated tax, legal, financial, investment, and yachting experts. Or at least the think they do?
Could they be more helpful in making the yachting lifestyle more rewarding? Could your team possibly be improved? Can you have more boat for less cost and hassle? Or with less damage to the environment?
As good as your current advisors are, no one knows everything.
That's why every professional discipline requires continuing professional education each year in the hope of helping assure some level of minimal familiarity with all the changes.
Unfortunately, as good as an advisor is in their discipline of tax, law or financial planning, asset or investment management, few CPA's, attorneys, and wealth advisors specialize in this class of alternative investment. They are neither equipped nor trained as to how to make the yachting lifestyle sustainable. They're just not very interested in reducing your carbon footprint.
In fact, many are even prohibited by ethics and rules of professional conduct from even discussing it.
Certainly if your current team of advisors- CPA, attorney, wealth manager, yacht broker, charter manager, etc knew how to make the yachting lifestyle economically and environmentally sustainable: prudent wealth management, and how to reduce or and possibly even effectively eliminate your carbon footprint - they would have already told you by now - wouldn't they?
Precious few that seek to enjoy the best that the yachting lifestyle can offer have anyone on their current team of advisors capable and qualified of stewarding such alternative investments– or an advisor sufficiently confident in their abilities and willing to link their compensation to successful performance and achievement of goals.
If you had a uniquely qualified, competent and experienced advisor – that acted almost like a partner – charged with protecting and preserving your net worth, whose long term interest was tied to yours, whose compensation was largely determined by successfully achieving your objectives, and had a strong monetary incentive to assure that your yachting lifestyle was both economically and environmentally sustainable, what could you accomplish, what could you achieve with another set of eyes from a different perspective?
Learn more about the economically & environmentally sustainable yachting lifestyle. You've nothing to lose but "a yacht to gain."