US brokerage credits Trump tax plan and economy for strong sales
Stuart, Florida-based United Yacht Sales has reported a 40% increase in sales during 2018, citing numerous positive economic indicators, high consumer confidence and “President Donald Trump’s changes to the tax code that allowed for the entire purchase price of a yacht to be deducted when used for business purposes”, the company said in a statement.
“We had a very good year,” said Peter Schmidt, owner and CEO of United Yacht Sales. “We believe President Trump had a lot to do with that. In spite of market fluctuations, the Dow Jones had an average closing price of over 25,000 which helped drive up consumer confidence. We had multiple customers decide to purchase a boat because they were able to deduct the purchase price on their taxes, which is something they were unable to do previously. The Trump Economy has so far been good for our business.”
United Yacht Sales has more than 150 brokers worldwide.