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Hume: Kerrys only paid 12.8% on their taxes last year
Fox News | me

Posted on 10/11/2004 3:37:12 PM PDT by MikefromOhio

Brit Hume

The Kerrys paid 12.8% on their taxes last year

The Bushes paid over 30%!!


TOPICS: Your Opinion/Questions
KEYWORDS: bush; elections; go; kerry; scum; taxevader; taxreturn; w
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This guy is scum, he is using loopholes that the "average joe" cannot use to because he has the connections as a power US Senator....
1 posted on 10/11/2004 3:37:13 PM PDT by MikefromOhio
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To: MikeinIraq

bump


2 posted on 10/11/2004 3:38:29 PM PDT by diamond6
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To: MikeinIraq

30.4%,over twice......and on a lot less money


3 posted on 10/11/2004 3:38:59 PM PDT by traderrob6
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To: MikeinIraq

BTW, the article about this is in this morning's Wall Street
Journal.


4 posted on 10/11/2004 3:39:35 PM PDT by BunnySlippers ("F" Stands for FLIP-FLOP ...)
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To: traderrob6

pretty much....

what a scum bag!!!!


5 posted on 10/11/2004 3:39:45 PM PDT by MikefromOhio (Rudi Bahktiar is hot!!!! Too bad she works for CNN.....)
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To: MikeinIraq
No wonder he said he doesn't need a tax cut! He already took one, thanks . . .
6 posted on 10/11/2004 3:39:51 PM PDT by maryz
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To: MikeinIraq

Those dirty bastards! I paid an overall 34% counting state taxes!


7 posted on 10/11/2004 3:40:06 PM PDT by Cogadh na Sith (--Scots Gaelic: 'War or Peace'--)
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To: MikeinIraq

The man is the least qualified individual to ever get a party nomination for president. I shudder at the thought of him being President... Twice as bad as Bill Clinton and I never thought anything could be worse... Kerry is a legitimate traitor to the country.


8 posted on 10/11/2004 3:40:19 PM PDT by Gustafm1000
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To: MikeinIraq

Tony Snow mentioned this and the amount earned jumped a million from the last figure I saw.


9 posted on 10/11/2004 3:42:04 PM PDT by razorback-bert
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To: MikeinIraq

Some 527 group needs to do a commercial detailing the tax evasion of the two Johns. Background audio: Edwards saying, "We're working for YOUUUUUUUUUUUUUUUUUUUUUUUU!"


10 posted on 10/11/2004 3:42:41 PM PDT by freedom4me (I'll miss you President Reagan!)
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To: MikeinIraq

Some 527 group needs to do a commercial detailing the tax evasion of the two Johns. Background audio: Edwards saying, "We're working for YOUUUUUUUUUUUUUUUUUUUUUUUU!"


11 posted on 10/11/2004 3:42:48 PM PDT by freedom4me (I'll miss you President Reagan!)
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To: MikeinIraq

I'm assuming that most of their investments are in tax free munis, which is not a loophole. If there is a different explanation, such as offshore tax shelters, that would be bad forkerry.


12 posted on 10/11/2004 3:43:16 PM PDT by rocklobster11
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To: razorback-bert

So when are the Republicans going to run ads about this? The old media certainly won't dare to tell the truth on this issue, or will they? Perhaps Sen Clinton will have to nudge them along.


13 posted on 10/11/2004 3:43:24 PM PDT by TNCMAXQ
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To: MikeinIraq

My effective tax rate is over 20%.

Man I hope hell is like South Park imagines it to be.


14 posted on 10/11/2004 3:44:22 PM PDT by Diplomat
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To: MikeinIraq
Using democratic math, I have to pay three times as much taxes as he & T do.

The problem with the budget deficit is that Democratic Senators are not paying their fair share (Kennedy, Daschle, Kerry, et. al.)!

They should pass a law that says if you want to vote Democrat, you need to double the taxes otherwise due.

15 posted on 10/11/2004 3:46:39 PM PDT by Paladin2 (SeeBS News - We Decide, We Create, We Report - In that order! - ABC - Already Been Caught)
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To: rocklobster11
I'm assuming that most of their investments are in tax free munis,

In that case, they would be getting hit by the AMT.

I'm assuming that much of this is due to Tereeeza putting millions of dollars into irrevocable trusts for her kids.

Remember, her reluctance to put out her tax return was to "protect the privacy of my kids."

16 posted on 10/11/2004 3:46:57 PM PDT by jackbill
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To: rocklobster11

Drudge has off shore shelters for Kerry listed on his site today....


17 posted on 10/11/2004 3:46:57 PM PDT by ArmyBratCutie ("Four boxes to be used in defense of liberty:soap, ballot, jury, ammo in this order!")
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To: BunnySlippers

unfortunately the WSJ isnt coming out here in big numbers yet :)


18 posted on 10/11/2004 3:47:19 PM PDT by MikefromOhio (Rudi Bahktiar is hot!!!! Too bad she works for CNN.....)
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To: rocklobster11

http://www.freerepublic.com/focus/f-news/1241795/posts


19 posted on 10/11/2004 3:48:25 PM PDT by SeaBiscuit (God Bless President GWB and our Brave Troops)
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To: Paladin2
CAPITALISM for ME, SOCIALISM for THEE.

(mantra of the limousine liberal)
20 posted on 10/11/2004 3:49:54 PM PDT by Dat Mon (clever tagline under construction)
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To: freedom4me
Some 527 group needs to do a commercial detailing the tax evasion of the two Johns. Background audio: Edwards saying, "We're working for YOUUUUUUUUUUUUUUUUUUUUUUUU!"

I will be contacting Steven Moore of the Club for Growth.

I would use clips from Kerry's latest TV commercial where he talks about the rich not paying their fair share. Then I'd put out the data - the Kerry's paid 12.8% of their income. Then I'd show two or three middle class families, mention their income and what their percentage was.

It would be a killer ad.

21 posted on 10/11/2004 3:49:57 PM PDT by jackbill
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To: rocklobster11

Well, I don't see how this helps Bush, It's his tax plan. I wouldn't be pushing this angle. Besides, it's well known that the wealthier you are, the less your taxes because of all the deductions and credits and whatever. Buffett said he paid only 3% in taxes. What I don't understand is why the Bushes paid so much...is it because of their divestiture of certain investments because of his office that they've lost some credits and deductions? I've heard that Kerry's wife gives away tons of $$$ through philanthropic groups she set up; that would decrease the taxes quite a bit. Did they release their entire returns? (I doubt there's anything "wrong" in the last return, since he knew it would be looked at.)


22 posted on 10/11/2004 3:50:26 PM PDT by TexasBud
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To: jackbill

"I would use clips from Kerry's latest TV commercial where he talks about the rich not paying their fair share."

DYN-NO-MITE Idea for an ad. Go for it.


23 posted on 10/11/2004 3:53:30 PM PDT by Dat Mon (clever tagline under construction)
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To: jackbill

Use me. Of course, I'm not exactly what one would call middle class. I paid 10% of my 18,000, only 8,160 of which is taxable. How people can be for this lying creep is beyond me. Totally beyond me.


24 posted on 10/11/2004 3:55:46 PM PDT by Oreo Kookey (How, indeed, do we click our tongues at be-headings and look the other way from abortion? I weep.)
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To: ArmyBratCutie

These cheats are making a sales tax or VAT system (with NO loopholes, depreciation, etc.) look mighty appealing. Just tax on consumption and put the tax lawyers and accountants to work doing something constructive. I've read that the cost of regulatory overhead and tax accounting adds 20-25% to the cost of everything we make. sigh.


25 posted on 10/11/2004 3:58:42 PM PDT by Thom Pain (Quisling - from Vidkun Quisling (1887-1945), a synonym for "traitor")
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To: MikeinIraq
he is using loopholes that the "average joe" cannot use

But, but....he says he's got our back.

26 posted on 10/11/2004 4:01:18 PM PDT by Puppage (You may disagree with what I have to say, but I shall defend to your death my right to say it)
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To: MikeinIraq

Brit needs to FReep more. :-) This is old news.


27 posted on 10/11/2004 4:02:09 PM PDT by k2blader (It is neither compassionate nor conservative to support the expansion of socialism.)
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To: TexasBud

Bush pays so much because he is in the highest tax bracket due to his $400K salary. I'm sure his savings is in blind trusts or in cash equivalents due to his need to avoid conflicts of interest. the Kerry's on the other hand have no concern about conflicts of interest.


28 posted on 10/11/2004 4:04:09 PM PDT by rocklobster11
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To: jackbill

>I will be contacting Steven Moore of the Club for Growth<

thats who they quoted about the taxes I believe....this group... as releasing the info...


29 posted on 10/11/2004 4:05:16 PM PDT by ArmyBratCutie ("Four boxes to be used in defense of liberty:soap, ballot, jury, ammo in this order!")
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To: Thom Pain

I know


30 posted on 10/11/2004 4:07:06 PM PDT by ArmyBratCutie ("Four boxes to be used in defense of liberty:soap, ballot, jury, ammo in this order!")
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To: MikeinIraq

I am very interested in getting a 12% rate. Where do I sign up?

Can somebody ask Kerry about this? Maybe in a debate?


31 posted on 10/11/2004 4:10:21 PM PDT by putupjob
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To: MikeinIraq

How about everybody pays 12.8% on everything they earn, and we call it fair?


32 posted on 10/11/2004 4:11:14 PM PDT by Atlas Sneezed (Your Friendly Freeper Patent Attorney)
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To: MikeinIraq

Yes, but what do the percentages mean?? Much of the Kerry wealth is NOT EARNED...it is static wealth. So you don't pay income taxes on that portion of their holdings...just on what they earn off of their wealth.

I would guess that the Bush's taxation percentage is based on much more earned income than fixed wealth...hence the different percentages.

The percentiles mean little unless you know the other numbers....but we do know that Kerry (courtesy of his married-into wealth) is not applying for welfare assistance.


33 posted on 10/11/2004 4:12:17 PM PDT by EagleUSA
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To: MikeinIraq
The Kerrys paid 12.8% on their taxes last year

You think this is outrageous? Wait until he releases his military records that show what his original discharge from the Navy was, before it was sanitized to 'Honorable' in 2001!!!!

34 posted on 10/11/2004 4:14:20 PM PDT by eeriegeno
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To: jackbill

"I'm assuming that much of this is due to Tereeeza putting millions of dollars into irrevocable trusts for her kids."

I don't think so. The irrevocable trust is taxed (usually) at it's own tax rate. In some cases, it's taxed at the grantor's tax rate, so I doubt that this is the reason.

It's probably some sweet deal crafted just for them...


35 posted on 10/11/2004 4:15:26 PM PDT by Atlas Sneezed (Your Friendly Freeper Patent Attorney)
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To: EagleUSA

Hume had the earnings numbers, but I didnt get them written down...


it was A LOT HIGHER than what the Bushes made and reported...


36 posted on 10/11/2004 4:17:51 PM PDT by MikefromOhio (Rudi Bahktiar is hot!!!! Too bad she works for CNN.....)
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To: MikeinIraq

Well, at least Kerry doesn't have a greed for oil. Other than for the "family" Suburban, yacht and jet.


37 posted on 10/11/2004 4:18:19 PM PDT by stevefromcalifornia
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To: EagleUSA

This wasn't a tax on wealth, or "static" wealth whatever that is. It's tax on income.


38 posted on 10/11/2004 4:19:34 PM PDT by stevefromcalifornia
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To: Cogadh na Sith
I paid an overall 34% counting state taxes!

I bet you paid more considering that part of your income went property tax, sales tax, excise tax, phone tax, etc.

39 posted on 10/11/2004 4:19:45 PM PDT by Poincare
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To: MikeinIraq
Of course... and that combined with the Boston Globe's disclosure about Kerry's off-shore capital gains tax dodge, paints a picture of a fellow who uses every legal loophole in the tax code to reduce his effective tax rate. Nothing wrong with it; its all legal. But this is the same guy who's voted as U.S Senator to ban off-shore tax shelters AND raise every one else's taxes. Liveshot's just another typical liberal who lives by the credo there is one set of rules for moi another set of rules for the plebians. Its like every one else is not good enough for a snob like him to have the privilege of paying LOWER taxes.
40 posted on 10/11/2004 4:20:13 PM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives On In My Heart Forever)
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To: putupjob
Perhaps Bush should say during the next debate,

"I have to pay more than 30% of my income in taxes. While I am indeed considerably wealthier than most Americans--and I can afford to pay--, you make me look like a pauper. And you only pay 12%. I don't think it's fair that billionaires like you should pay a higher tax rate than mere millionaires like me. In fact, many middle-class Americans pay a higher effective tax rate than you do, Senator Kerry. So I can see why you believe that taxes are too low on the fabulously wealthy.

But most business owners aren't quite as rich as me--and pay the whole 30% in taxes. That's 30% of their income that they can't spend on new employees, creating jobs, purchasing equipment, expanding their operations, investing in the future. So I've proposed simplifying the tax code by reducing rates and closing almost every loophole that you use to pay less in taxes than I do!

Yes, I'm going to cut taxes on 99% of Americans--the 99% who haven't the time, money, or patience to spend an entire year searching through the voluminous 700-million-page tax code for loopholes through which to shove their billion dollars!

We'll stop taxing farming income and military service (and be rid of those odious farm subsides that favor large agricultural corporations over small family farmers). We'll also cut the self-employment tax in half to encourage job creation and entrepreneurship. We are meticulously studying the tax returns of the rich and famous--their names removed to protect their identities--to identify the most commonly abused loopholes. We'll move several tax deductions to tax adjustments so that all filers can claim them--and be rid of the rest. ...
41 posted on 10/11/2004 4:23:59 PM PDT by dufekin (President Kerry would have our enemies partying like it's 1969, when Kerry first committed treason.)
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To: jackbill

Don't forget to show his 4 or 5 Mansions and Yachts!


42 posted on 10/11/2004 4:25:03 PM PDT by RoseofTexas
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To: Gustafm1000

He really is worse than Bill Clinton. The core of Bill's essence is IMO "get more chicks." Hillary, aka Spawnette O'Satan, is a different matter, of course.

MM


43 posted on 10/11/2004 4:25:50 PM PDT by MississippiMan (Americans should not be sacrificed on the altar of political correctness.)
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To: MikeinIraq

ping


44 posted on 10/11/2004 4:25:52 PM PDT by e_castillo
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To: MikeinIraq
what a scum bag!!!!

Exactly what my husband said earlier tonight! >:-(

45 posted on 10/11/2004 4:26:00 PM PDT by nutmeg ("The DemocRATic party...has been hijacked by a confederacy of gangsters..." - Pat Caddell, 11/27/00)
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To: Gustafm1000; Allan; Mitchell; okie01
The man is the least qualified individual to ever get a party nomination for president.

IMO Kerry is the weirdest man to run for the top ticket since Nixon. He has so many personality flaws. In Nixon's defense, Nixon didn't create a fake history for himself, and revise it repeatedly.

46 posted on 10/11/2004 4:29:50 PM PDT by Shermy
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To: MikeinIraq

Probably in large measure to the Div. tax cut I would think.


47 posted on 10/11/2004 4:29:58 PM PDT by OneTimeLurker
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To: eeriegeno
Wait until he releases his military records that show what his original discharge from the Navy was, before it was sanitized to 'Honorable' in 2001!!!!

What makes you think Kerry would do that? And the MSM is in his pocket, they won't demand the records.

48 posted on 10/11/2004 4:32:26 PM PDT by Shermy
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To: Poincare

Gssoline road taxes (State and FED)


49 posted on 10/11/2004 4:49:14 PM PDT by Paladin2 (SeeBS News - We Decide, We Create, We Report - In that order! - ABC - Already Been Caught)
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To: Beelzebubba
I don't think so. The irrevocable trust is taxed (usually) at it's own tax rate. In some cases, it's taxed at the grantor's tax rate, so I doubt that this is the reason.

I believe that you are wrong. Money put into an irrevocable trust is not taxed until the recipient takes it out. Of course, they just pass it on to the next generation - untaxed.

50 posted on 10/11/2004 5:02:39 PM PDT by jackbill
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