I'm workin' on it!
Posted on 10/19/2004 1:11:30 AM PDT by Cincinatus' Wife
Full Disclosure: John Edwards often speaks of "two Americas" — one that "pays the taxes" and another that "gets the tax breaks." Meet Teresa Heinz Kerry and her tax accountants.
John Kerry wants to raise taxes on everyone making over $200,000, rolling back Bush's "tax cuts for the rich." So why did his wife pay only 12.5% of her income in taxes last year?
According to documents released by the Kerry campaign, Teresa Heinz Kerry in 2003 paid taxes at a rate barely above the rate paid by the lowest-income Americans who actually pay taxes. She reported a total income of $5,072,533, including nearly $2.8 million that escaped all federal taxes because it was from interest-free investments from state, city and other public funds.
...What Mrs. Kerry didn't release was almost as revealing. She refused to provide any details on the $267,541 she claimed in itemized deductions or regarding her personal charity contributions. Nor has she released any schedules to show where her money is invested, how much she invests overseas, or her total wealth.
Why is this important? Teresa Heinz Kerry has used her immense inherited wealth to rescue her husband's political career twice in the last eight years.
In his 1996 re-election bid against popular Massachusetts Gov. William Weld, Kerry squeaked by with 52%, thanks in large part to a $1.7 million 11th-hour "loan" from his wife and despite a pledge by both candidates to limit use of their personal family fortunes to $500,000.
...Where the Heinz fortune goes matters. For example, she has contributed heavily to the League of Conservation Voters and other groups whose leaders sit on the board of the $1.2 billion Heinz Foundation. How much of her money and the money she controls has found its way to 527 groups that have led ..
(Excerpt) Read more at investors.com ...
Do as I say not do as I do.
Right.
You do.
I say.
What happened to the white grapes.
Interesting point.
Yes, wouldn't it be sweet it if it comes out she has been claiming PA as her state of residency in past years. Now we just need someone to go to a gathering with Teresa and ask her the question and watch her go ballistic :-).....
She's a loose cannon.
But she can buy a lot of ammunition.
PA is right. Half the tax rate of MA.
Now all we need to do is get some reporter to investigate this. I have called several MA newspapers on their talk back lines including the Lowell Sun, lets see if they bite.
This, and that lesbian crack, are going to cost him plenty.
Whether it's enough to sink him- that's the question.
Good for you! Post email addresses if you have them.
I just feel I need to do something, President Bush is the one thing this country can't do without.
Lowell Sun (They are the only MA Backing the President) - Backtalk@lowellsun.com
Boston Herald they back Kerry oped@bostonhearld.com
Thank you, that was real interesting. Let's see if the media can make a story out of it.
Go over to Powerline (powerlineblog.com) He doesn't know where she filed for 2003, but you are right for the 1999 tax year. She claimed Penna as her legal residence--an article he dug out tells the story.
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