Kerry: Cutting Taxes for Himself

[JohnRich 4]

From the Drudge Report:

Middle Class Said To Pay Higher Tax Rate Than the Kerry's

Stephen Moore, writes in the Wall Street Journal, on Monday:

"According to the Kerrys' own tax records, and they have not released all of them, the couple had a combined income of $6.8 million in income last year and paid $725,000 in income taxes. That means their effective tax rate was a whopping 12.8%.... "Under the current tax system the middle class pays far more than the Kerry tax rate. In fact, the average federal tax rate -- combined payroll and income tax -- for a middle-class family is closer to 20% or more. George W. and Laura Bush, who had an income one- tenth of the Kerrys', paid a tax rate of 30%. ...

"Here is the man who finds clever ways to reduce his own tax liability while voting for higher taxes on the middle class dozens of times in his Senate career. He even voted against the Bush tax cut that saves each middle-class family about $1,000." The Kerrys "have unwittingly made the case for what George W. Bush says he wants to do: radically simplify and flatten out the tax code. ... So before John Kerry is given the opportunity to raise taxes again on American workers, shouldn't he and Teresa at least pay their fair share?"

Source

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Related story:

An off-shore tax shelter

Documents obtained by the Globe detail John Kerry's 1983 investment of between $25,000 and $30,000 in offshore companies registered in the Cayman Islands. The document below, signed by Kerry, shows his pledge to purchase 2,470 shares of Peabody Commodities Trading Corp. through Sytel Traders, registered in the Caymans.

Source

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[Mirage63 0]

could this be true??? Kerry only paid around 12% in taxes.....no way.

[PhillyKev 0]

First of all, Drudge fails to mention that this is in the OPINION page of the WSJ. That being said.

Ummm, he's been saying all along that the tax cut that Bush put through benefits the rich at the expense of the middle class. This kind of proves that, doesn't it? How is it his fault that Bush put through those tax breaks?

The Bush tax cut that he voted against saves the rich a whole hell of a lot more than $1,000. As proven by the first paragraph. As far as Kerry paying his fair share, he should. But because of the tax rules pushed for and signed by BUSH, he and other rich people DO NOT.

By the way, also in the Wall Street Journal today...

Quote

Senate Passes Legislation
Cutting Corporate Taxes

By ROB WELLS
DOW JONES NEWSWIRES
October 11, 2004 4:27 p.m.

WASHINGTON -- A corporate-tax bill that cuts the tax rate for manufacturers and showers dozens of tax benefits on business cleared the U.S. Senate today by a 69-17 vote. It now heads to President Bush for his expected signature.

The bill, one of the biggest corporate tax cuts in a generation, represents the fifth tax-cut bill in Mr. Bush's presidency.

[GARYC24 3]

Just wondering, gotta ask.
Just how do they know what Kerry or Bush paid in taxes? Do they ask their tax guy or what?
Seems like it would not be public access unless K or B allows such info to be known.
Simple question, nothing more.

[PhillyKev 0]

Actually, I believe political candidates are required to disclose that info.

[JohnRich 4]

Quote

Just how do they know what Kerry or Bush paid in taxes?

Politicians have to file financial disclosure statements, so that we can see that there are no conflicts of interest. So it becomes public information.

[GARYC24 3]

Ah..yeah a co-worker just now filled me in on some of that as well.
Hey..I actually learned something here, today! hahah

[kallend 2,106]

Quote

From the Drudge Report:

Middle Class Said To Pay Higher Tax Rate Than the Kerry's

Stephen Moore, writes in the Wall Street Journal, on Monday:

"According to the Kerrys' own tax records, and they have not released all of them, the couple had a combined income of $6.8 million in income last year and paid $725,000 in income taxes. That means their effective tax rate was a whopping 12.8%.... "Under the current tax system the middle class pays far more than the Kerry tax rate. In fact, the average federal tax rate -- combined payroll and income tax -- for a middle-class family is closer to 20% or more. George W. and Laura Bush, who had an income one- tenth of the Kerrys', paid a tax rate of 30%. ...

"Here is the man who finds clever ways to reduce his own tax liability while voting for higher taxes on the middle class dozens of times in his Senate career. He even voted against the Bush tax cut that saves each middle-class family about $1,000." The Kerrys "have unwittingly made the case for what George W. Bush says he wants to do: radically simplify and flatten out the tax code. ... So before John Kerry is given the opportunity to raise taxes again on American workers, shouldn't he and Teresa at least pay their fair share?"

Source

* * * * * *

Related story:

An off-shore tax shelter

Documents obtained by the Globe detail John Kerry's 1983 investment of between $25,000 and $30,000 in offshore companies registered in the Cayman Islands. The document below, signed by Kerry, shows his pledge to purchase 2,470 shares of Peabody Commodities Trading Corp. through Sytel Traders, registered in the Caymans.

Source

* * * * * *

So Bush's tax cuts primarily benefit the wealthy.

Big surprise there!

...

The only sure way to survive a canopy collision is not to have one.

[JohnRich 4]

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So Bush's tax cuts primarily benefit the wealthy.

If Kerry was a man of integrity, he would put his money where his mouth is, and voluntarily pay more taxes than he has to under current law, up to the limit that he advocates for the wealthy under his own plan to increase taxes on the "rich".


P.S. You really don't need to re-quote the entire story, just to make a one-liner comment.

[PhillyKev 0]

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If Kerry was a man of integrity, he would put his money where his mouth is, and voluntarily pay more taxes than he has to under current law, up to the limit that he advocates for the wealthy under his own plan to increase taxes on the "rich".

Um....riiiighhhht. And if anti-abortionists had integrity, they would adopt 20 kids. And if pro-Iraq-war people had any integrity, they'd join the army.

[crozby 0]

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And if pro-Iraq-war people had any integrity, they'd join the army.

Or at least pay for the fucking thing.

[billvon 3,070]

>Or at least pay for the fucking thing.

Good point. If the war supporters had the courage of their convictions, they could just ante up around $2500 per person for the war effort. They'd then have a much more convincing moral high ground - at least, per the standards that JohnRich has expressed.

[JohnnyD 0]

Do you have a link to the full article? The piece you posted seems to be a flat out lie (although it may just be a context thing). Both candidates have to disclose their tax returns. Kerry files separately and his wife (who is not running for office) did not disclose her return. I'd be curious to know where those figures came from.

[PhillyKev 0]

The full article was a an OP-Ed piece in the opinion section.

[MC208B 0]

them darn rich people, getting the big tax cuts

Ha Ha Ha!!! what a crock of shit. More class envy/warfare.

How about them darn poor people, you know, the ones that pay NO TAXES and receive a couple grand back every year cause they pumped out a couple kids. Why, they're getting paid tax money for laying around and fucking!

The rich people pay most of the taxes in this country, hence, they deserve the biggest tax cuts.

Why can't you er, um, (Billvon) liberal good people understand that those that pay the most should benefit a bit from tax cuts?

And as for Kerry's assertation that those making under 200 grand a year will benefit under his tax ideas, I sure as hell won't be holding my breath

[JohnnyD 0]

I read the article and I'm really surprised that it actually made it into the WSJ. In summary: its total BS. Kerry had a tax rate of 24.44% on his original return and a higher amount on his amended return. Bush had a higher tax rate, but he also made far more money than Kerry did. In fact, I believe he made more from one oil and gas interest than Kerry did overall. Kerry files separately from his wife pursuant to their prenuptial agreement. Theresa Heinz did not disclose her tax return and the figures in the article are admitted fabrications. Even the figures used for the "average middle class family" are very creatively construed.

[Guest]

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>Or at least pay for the fucking thing.

Good point. If the war supporters had the courage of their convictions, they could just ante up around $2500 per person for the war effort. They'd then have a much more convincing moral high ground - at least, per the standards that JohnRich has expressed.

If this were applied across the board, I wouldn't have to pay real estate taxes to send other people's kids to Publik Skools.

mh

.

[freakbrother 0]

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Quote

>Or at least pay for the fucking thing.

Good point. If the war supporters had the courage of their convictions, they could just ante up around $2500 per person for the war effort. They'd then have a much more convincing moral high ground - at least, per the standards that JohnRich has expressed.

If this were applied across the board, I wouldn't have to pay real estate taxes to send other people's kids to Publik Skools.

mh

.

That doesn't follow. It's about paying for what you believe in, not about not paying for what you don't believe in.

.
.
www.freak-brother.com

[DrewEckhardt 0]

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If this were applied across the board, I wouldn't have to pay real estate taxes to send other people's kids to Publik Skools.
.

That doesn't follow. It's about paying for what you believe in, not about not paying for what you don't believe in.

Libertarians believe the government shouldn't be in the education business. People must be free to choose whether or not they want to reproduce and the level of education they will provide for their offspring. People should also free to donate towards others' education. I'd donate to a scholarship program that allowed indigent children to attend a Libertarian school that taught independant thinking. Various religious organizations would continue to subsidize schools that taught their viewpoint under such a system.

Many people are also against what's taught in public schools - things like the second ammendment being a collective right which allows states to have militias, coaching to succeed on standardized tests, rote memorization as a replacement for thinking, support for Columbus day, Evolution as science, etc. I'd be much happier if the $6000 our district spends on each pupil went to schools of my choosing (or even the parents) than the public brain-washing facilities.

There's a reason free public education is a Communist party platform.

[markd_nscr986 0]

Well,he'll probably want a new "Gulfstream"if he doesnt wind up in Air Force One
So,why not?

Marc SCR 6046 SCS 3004