Formula Trivia Question
11-09-2006, 03:10 PM
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Formula Trivia Question
Let's see who knows their history. Many years ago John Adams,Formula's long time designer,formed a new company to build yachts,with Porter family involvement,but a separate company. I think maybe only a couple of boats were built when the the new Federal luxury tax killed the new venture. What was the name of the new boat? No prizes,this is a cheap contest 
BTW,no Formula dealers are eligible unless no one answers,then Selpel can chime in 
BTW,no Formula dealers are eligible unless no one answers,then Selpel can chime in
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11-09-2006, 03:59 PM
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Re: Formula Trivia Question
You can't Google it cause this was a long time ago The luxury tax was 1990,10% tax on any boat over 100K.Sunk a lot of dealers and builders. We were lucky,back then the boats we sold were way under that. 
The luxury tax was 1990,10% tax on any boat over 100K.Sunk a lot of dealers and builders. We were lucky,back then the boats we sold were way under that.
Last edited by Magicfloat; 11-09-2006 at 04:04 PM.
11-09-2006, 04:52 PM
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Re: Formula Trivia Question
We have winner 
Baron. Too bad the project died from controversial govt tactics (Google federal luxury tax) Baron could have been a contender in the market where the Formula Yachts are now
Baron. Too bad the project died from controversial govt tactics (Google federal luxury tax) Baron could have been a contender in the market where the Formula Yachts are now
Last edited by Magicfloat; 11-09-2006 at 04:56 PM.
11-09-2006, 04:55 PM
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Re: Formula Trivia Question
This coming from a guy who owns a Superboat haha. Gotta soft spot for 'mulas though. Baron's were sharp looking boats. Found this one on boattrader
http://adcache.boattraderonline.com/6/0/8/83933708.htm
http://adcache.boattraderonline.com/6/0/8/83933708.htm
