> So, for example, if low retail value on the vessel is $300,000, you would > get: > $300,000 X .80 = $240,000 > $240,000 X .35 = $84,000 > $84,000 divided by 100 = $840 > $840 X $3.50 = $2950, which is the tax Well I'm so glad it isn't some sort of simple formula, like take 1% of the boat's LRV. -- Jim