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Heinz Kerry made $5.1m (Combined annual income $20 million)
Boston Globe ^ | October 16, 2004 | Beth Healy

Posted on 10/16/2004 12:28:49 AM PDT by Cincinatus' Wife

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1 posted on 10/16/2004 12:28:50 AM PDT by Cincinatus' Wife
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To: Cincinatus' Wife
This can't be right.

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.

2 posted on 10/16/2004 12:32:08 AM PDT by Positive (There's nothing sadder than seeing a group of great ideas being murdered by a bunch of brutal facts!)
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To: Cincinatus' Wife

Looks like a good reason for a National Retail Sales Tax, make them pay their fair share.....


3 posted on 10/16/2004 12:35:56 AM PDT by rolling_stone
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To: Positive

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.


4 posted on 10/16/2004 12:42:35 AM PDT by Cincinatus' Wife
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To: Positive
If TaRaZa is worth 750 Million, the returns of that kind of investments alone would generate millions of dollars in income.

I would like to see what joint ventures her and Horse face have going

5 posted on 10/16/2004 12:46:49 AM PDT by MJY1288
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To: Cincinatus' Wife
Last spring, she said she would provide the first two pages of her form 1040 when she filed the return this month after an extension.

Only the first to pages ????

And

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?

6 posted on 10/16/2004 12:50:04 AM PDT by Mo1 (Terri Kerry's remedy for arthritis - soak white raisins in gin for 2 weeks)
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To: Mo1

I guess the $5.1M figure is her taxable income the rest is sheltered.


7 posted on 10/16/2004 12:52:51 AM PDT by Cincinatus' Wife
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To: Cincinatus' Wife
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.

$627,150 / $20,000,000 = 3.1%
8 posted on 10/16/2004 12:56:39 AM PDT by igoramus987
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To: Cincinatus' Wife
"The $5.1m is her taxable income."

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?

9 posted on 10/16/2004 12:58:49 AM PDT by Positive (There's nothing sadder than seeing a group of great ideas being murdered by a bunch of brutal facts!)
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To: Positive

I guess that's their "fair share."


10 posted on 10/16/2004 1:01:55 AM PDT by Cincinatus' Wife
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To: Cincinatus' Wife

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.


11 posted on 10/16/2004 1:02:07 AM PDT by conservative in nyc
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To: Positive
Has she release all of her tax returns or just the first 2 pages she mentioned last spring she would ??
12 posted on 10/16/2004 1:02:55 AM PDT by Mo1 (Terri Kerry's remedy for arthritis - soak white raisins in gin for 2 weeks)
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To: Cincinatus' Wife

15 million annual tax shelter sure is a lot of money

I wonder where she is hiding it?


13 posted on 10/16/2004 1:09:44 AM PDT by Mo1 (Terri Kerry's remedy for arthritis - soak white raisins in gin for 2 weeks)
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To: Mo1
Just the first two pages. You can find them here and here.
14 posted on 10/16/2004 1:10:56 AM PDT by conservative in nyc
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To: conservative in nyc

Interesting.

I guess I'm too stupid to file the Kerry-Heinz-Kerry way.


15 posted on 10/16/2004 1:12:20 AM PDT by Cincinatus' Wife
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To: Cincinatus' Wife
I guess I'm too stupid to file the Kerry-Heinz-Kerry way.

Nah. You're just not rich enough. I'm sure she is employing an army of lawyers, accountants and tax planners to make sure that she minimizes the Heinz family tax burden. Most of the shelters are probably legal, but there's no way anyone can tell from the first two pages of her 1040.

What we do know is she signed her name as "Teresa Heinz", not Heinz-Kerry. We also know that she paid more in alternative minimum tax than regular income tax. But we don't know why. It may have something to do with the oil and gas and timber partnerships she owns, or interest on certain "private activity" municipal bonds that are exempt from regular income tax but not AMT. Unless she releases the rest of her 1040, including the schedules, we'll never know. I'm not holding my breath for that to happen.
16 posted on 10/16/2004 1:27:44 AM PDT by conservative in nyc
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To: conservative in nyc

Bump!


17 posted on 10/16/2004 1:29:26 AM PDT by Cincinatus' Wife
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To: conservative in nyc

Steve Forbes' flat tax wouldn't sit well with Kerry/Heinz.


18 posted on 10/16/2004 1:36:15 AM PDT by Cincinatus' Wife
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To: rolling_stone
Looks like a good reason for a National Retail Sales Tax, make them pay their fair share


EXACTLY...
no loopholes
geeez, they only paid about 12.5 % - so you can see it's not the filthy rich that will pay but the people in the range of the small business owner.
Kerry's mantra is - I'll tax the rich - the millionaires,,,
anyone making over $200,00 a year.
I was hoping to hear "W" say "Ah, last I looked, $200,000 isn't even one quarter to the way of being a millionaire" not to mention, "If you're so dedicated to millionaires paying higher taxes, why do use every loophole to pay only 12,5%?"
19 posted on 10/16/2004 2:03:17 AM PDT by maine-iac7
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To: Cincinatus' Wife

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?


20 posted on 10/16/2004 2:34:10 AM PDT by Misterioso
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