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Senator Reid's $1 Million Land Windfall Raises Questions
lasvegasnow.com ^ | 10/13/06 | Jon Ralston

Posted on 10/17/2006 6:25:14 AM PDT by bitt

Videos of interview conducted on 10/13/06 - scroll down to #s 3, 4, 5, 6

Squirmy Harry or Harry Greed?


TOPICS: Business/Economy; Crime/Corruption; News/Current Events
KEYWORDS: dirtyharry; harryreidscandal; reid
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To: poobear

Fact is, you will never know what he pays in taxes. My guess is, it will be much less than 50%. Do you think the Kennedys are still worth billions because they just love paying 70% in estate taxes?


21 posted on 10/17/2006 8:27:28 AM PDT by kylaka
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To: FastCoyote

There's another point about the transfer of the land to the LLC...The reporter correctly points out that it is legally a sale...and that taxes were due at the time if the value had increased. Reid maintains that the value was the same as when he bought it years before, though he also says that Las Vegas land values have been going up...which doesn't jive. But if, at the same time he transferred the deed, he, the LLC also listed the property for sale at a much higher price...well then..that's blatant tax fraud..most telling to me was his demeanor and appearance...he repeated the same stupid mantra.." I bought a piece of land from someone I didn't know, and sold it later on to someone I didn't know.." ad nauseum..


22 posted on 10/17/2006 8:40:00 AM PDT by ken5050
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To: kylaka
There is no tax on wealth. Regarding the Estate tax, I'm sure they have distributed enough under the radar (the maximum before eligible) to avoid the bulk of taxation. I still get a laugh about the billions Bill Gates and Warren Buffet contributed to charity. I'm sure the Government & the IRS were wringing their hands. Oh yeah, the Kennedy's have been rumored to have various "Caribbean" accounts.
23 posted on 10/17/2006 8:41:48 AM PDT by poobear (Political Left, continually accusing their foes of what THEY themselves do every day.)
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BTTT


24 posted on 10/17/2006 1:49:39 PM PDT by AmeriBrit (Soros and Clinton's for Responsibility and Ethics in Washington = SCREW.)
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To: bitt
In that matter, the senator hadn't disclosed to Congress that he first sold land to a friend's limited liability company back in 2001 and took an ownership stake in the company. He collected the seven-figure payout when the company sold the land again in 2004 to others. Reid portrayed the 2004 sale as a personal sale of land, not mentioning the company's ownership or its role in the sale."

Is there any legitimate reason he would have done any of that (for the economically impaired among us, me being one)?

25 posted on 10/17/2006 1:52:23 PM PDT by Howlin (Why Won't Nancy Pelosi Let Louis Freeh Investigate the Page Scandal?)
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To: bitt; devolve; ntnychik; PhilDragoo; Smartass; dixiechick2000

26 posted on 10/17/2006 6:04:27 PM PDT by potlatch (Does a clean house indicate that there is a broken computer in it?)
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To: Howlin

also impaired...but mad.


27 posted on 10/17/2006 6:05:47 PM PDT by bitt
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To: potlatch




  MONEY HONEY  



28 posted on 10/17/2006 6:32:40 PM PDT by devolve (now_playing:__ MONEY HONEY -- Harry Reid)
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To: devolve

Elvis is on fire!! Good post.


29 posted on 10/17/2006 6:36:54 PM PDT by potlatch (Does a clean house indicate that there is a broken computer in it?)
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To: potlatch


I'd stay outta Vegas for a while


30 posted on 10/17/2006 6:39:39 PM PDT by devolve (now_playing:__ MONEY HONEY -- Harry Reid)
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To: FastCoyote

Thanks for the response. I ran Dario Herrera's name through GOOGLE and was amazed at the amount of information provided. Looks as if there is some very good investigative journalism being produced by the Las Vegas Mercury. I guess it is wishful thinking to consider Reid got caught up in the RICO investigation. Heavy duty stuff that, to my knowledge, never received national attention (until now). Reid's lower anatomy must be puckering!


31 posted on 10/18/2006 7:58:46 AM PDT by fuzzthatwuz
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To: fuzzthatwuz

"Looks as if there is some very good investigative journalism being produced by the Las Vegas Mercury."

!!!!!!!WARNING, WARNING WILL ROGERS!!!!!!!!!!!!!!

Mercury Reporter George Knapp (better known for KLAS TV)is likely the reporter who compromised the GSting scandal and informed Harry Reid to run for the hills!!!

George Knapp worked for former Reid campaign manager Don Williams, and also worked for Kent Oram, campaign manager to Erin Kenny (even more crooked than Herrera). So the Mercury material is two faced!!!!!!!!!! If it comes from Knapp.


32 posted on 10/18/2006 2:12:25 PM PDT by FastCoyote
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To: 3AngelaD

May of the people, my foot. Read the GSting blog.


33 posted on 10/18/2006 2:26:24 PM PDT by Arizona Carolyn
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To: FastCoyote

I'm trying to understand how Jim Rhoades is planning to convert water (he doesn't have yet) here in Mohave Valley into water for the 213 acres Harry has bought up in Searchlight. I know my local supervisor is against giving him water rights, but assume he will buy off the two from Bullhead and Kingman to get what he wants.


34 posted on 10/18/2006 2:30:00 PM PDT by Arizona Carolyn
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To: Arizona Carolyn; bitt

"I'm trying to understand how Jim Rhoades is planning to convert water (he doesn't have yet) here in Mohave Valley into water for the 213 acres Harry has bought up in Searchlight. I know my local supervisor is against giving him water rights, but assume he will buy off the two from Bullhead and Kingman to get what he wants."

WhooHooo Carolyn!!! Now you understand why the scandal can't go away!! Jim Rhodes also got fined for laundering contributions to Harry Reid and convicted commissioner Dario Herrera. Jay Brown also at some point represented Rhodes. Convicted Commissioner Erin Kenny also worked for Rhodes. Commissionaer/lawyer Mark James who worked for Rhodes and should have been indicted, got out while the getting was good. It just gets juicier and juicier!


35 posted on 10/18/2006 7:28:56 PM PDT by FastCoyote
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To: FastCoyote

In the meantime these people go along their merry way, building too many homes counting on water they don't have and because they are paying off the right people and local contractors are making money no one says a thing. One of these days the fat lady had got to sing.


36 posted on 10/18/2006 7:58:04 PM PDT by Arizona Carolyn
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To: FastCoyote

BTW, did you see my note to add me to your ping list?


37 posted on 10/18/2006 7:58:29 PM PDT by Arizona Carolyn
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