Skip to comments.Heinz Kerry made $5.1m (Combined annual income $20 million)
Posted on 10/16/2004 12:28:49 AM PDT by Cincinatus' Wife
....Heinz Kerry reported almost no ordinary wages last year. Her self-employment pay and a pension payment of $35,448 total less than $60,000, the return shows.
"She's got less than $60,000 subject to the rates normal people pay," said Joseph B. Darby III, a partner in the tax practice at the Boston law firm Greenberg Traurig, who reviewed the tax return yesterday.
Darby said Heinz Kerry's taxes reflected a common investment approach for wealthy people. Her assets are roughly split between low-yielding, tax-free bonds and dividend-paying stocks.
Heinz Kerry gained most of her fortune in an inheritance from her former husband, the late Senator H. John Heinz III of Pennsylvania, an heir to the HJ Heinz Co. founders.
The Center for Public Integrity, which tracks the candidates' finances, estimates Kerry and Heinz Kerry's combined annual income to be at least $20 million, based on Kerry's annual financial disclosure report. But the report provides broad ranges of income values, rather than specific figures. Heinz company stock is the largest single generator of income in the combined Kerry-Heinz Kerry disclosure, and the largest single asset...
(Excerpt) Read more at boston.com ...
If momma t made $5,000,000 that would mean that sKerry would have to have made $15,000,000, Senators can't make that much publicly.
Looks like a good reason for a National Retail Sales Tax, make them pay their fair share.....
I'm no expert but I think that means some of it is sheltered and not subject to taxes. The $5.1m is her taxable income.
I would like to see what joint ventures her and Horse face have going
Only the first to pages ????
The Center for Public Integrity, which tracks the candidates' finances, estimates Kerry and Heinz Kerry's combined annual income to be at least $20 million, based on Kerry's annual financial disclosure report. But the report provides broad ranges of income values, rather than specific figures.
How is it that Terri's income was only 5.1 million and yet they have a combine income of 2o million??
John made 15 million more then Terri last year???
Are there any Freeper Accountants around that can answer this?
I guess the $5.1M figure is her taxable income the rest is sheltered.
Actually not. $2.8 million of that total is tax-exempt. She therefore paid taxes on a "mere" $2.3 million of taxable income. So presumably she had a relatively low cash on cash return on her investments or she is sheltering a hell of a lot.
As I pointed out 10 year Treasury bonds pay 4.25% (today at historically low rates). If she had $425,000,000 in Treasuries her income from that would have been over $18,000,000, where the heck does one "shelter" nearly $16,000,000 in taxable income?
I guess that's their "fair share."
The $5.1 million number is not her taxable income. It's her taxable income (roughly $2.4 million) plus tax-exempt interest income ($2.7 million).
I have no idea where the $20 million figure came from. The Kerry campaign noted that her TRUSTS also allegedly pay tax. Perhaps the other $15 million was actually earned by them.
15 million annual tax shelter sure is a lot of money
I wonder where she is hiding it?
I guess I'm too stupid to file the Kerry-Heinz-Kerry way.
Steve Forbes' flat tax wouldn't sit well with Kerry/Heinz.
Why is Mrs. Kerry referred to as Heinz Kerry instead of just Kerry? Or Teresa Kerry? Is it in a pre-nup d'ya suppose?
The New York Times reported that Ms. Heinz listed her Pennsylvania estate as her address on her federal tax returns.
Wonder what's in the part she didn't release.
There is a hint as to which address Teresa Heinz filed her 2003 tax return. Although redacted, if the jpg is blown up, the zip code area reveals a "5" in it (look at the end of the "city, town, post office, state, zip" line on the first page of her 1040).
There are very few zip codes in Boston with a "5" in them, particularly in the second digit of the 5-digit zip code.
However, ALL of the Pittsburgh codes have a "5" in the second digit.
From the zip code reference website:
Boston : 02297 02295 02293 02284 02283 02266 02241 02222 02217 02216 02215 02212 02211 02210 02209 02208 02207 02206 02205 02204 02203 02202 02201 02199 02196 02163 02133 02128 02127 02125 02124 02123 02122 02121 02120 02119 02118 02117 02116 02115 02114 02113 02112 02111 02110 02109 02108 02107 02106 02105 02104 02103 02102 02101
Pittsburgh : 15290 15201 15202 15203 15204 15205 15206 15207 15208 15209 15210 15211 15212 15213 15214 15215 15216 15217 15218 15219 15220 15221 15222 15223 15224 15225 15226 15227 15228 15229 15230 15231 15232 15233 15234 15235 15236 15237 15238 15239 15240 15241 15242 15243 15244 15250 15251 15252 15253 15254 15255 15257 15258 15259 15260 15261 15262 15263 15264 15265 15266 15267 15268 15270 15272 15274 15275 15276 15277 15278 15279 15281 15282 15283 15285 15286 15290
The New York Times asked. Her accountant said she used her Pittsburgh-area address.
Well, the Kerrys screwed up. Again. A modified limited hangout ain't gonna work here, either...Bwah hah hah hah hah....
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