Posted on 08/29/2009 11:31:29 AM PDT by E. Pluribus Unum
I finally figured out why Ted Kennedy wants to have Governor Devoid Patrickakis appoint someone to replace him - Ted is staying in Florida. Ted has been in Florida since he collapsed at an Obama inauguration dinner many months ago. Like his dear mother Rose, Teddy wants to establish Florida as his primary residence in order to avoid those massive estate taxes and dreaded Massachusetts income taxes.
This is important because Teddy has a new book coming out and he wants the income from that book to be declared tax free in Florida - not Taxachusetts. The same way we all marveled at the fact that Rose was simultaneously declared the oldest resident of Barnstable even though she was living in Florida.
Ted Kennedy doesn't really want to save Massachusetts from under-representation in Washington. He wants to save himself millions on estate taxes and income taxes. Isn't that the truth?
Think about it. Ted Kennedy should be living in Massachusetts where he has the options of the finest medical care in the world. After all, he is the sitting senior Senator from this state so the very least he could do is be here. But no, Ted is in Florida! There is only one reason sick people leave Massachusetts and go to Florida - TAXES!
I can't believe it took me this long to figure out Uncle Teddy's little trick.
Outrageous!! All these people are crooks! We need to regain control now!
We’re talking state income taxes here, not a matter for the IRS to decide.
the family did the same when Rose Kennedy died- made sure she was moved to FL to meet residency reqts
Get out of my state Kennedys.
__________________________
Get out of my country Kennedys. There now it is fixed.
I KNEW IT!!!!!! And Mama Rose did the same thing way back when....what a HYPOCRITE!!!!!!
The author doesn’t know much about the life styles of the rich and famous. None of these guys pay estate taxes. Those are for the peons!
All of these guys set up trusts long ago and they just draw salary and expenses from the trust. When they die the next generation sucks their livelihood from the same trust.
Oh, don’t try this yourself. The laws are written so it’s too expensive for ordinary mortals to join this kind of tax evasion lifestyle. You know, the kind of people Teddy spent his life “helping”.
If I were a judge, I’d point out that the IRS doesn’t CARE which state you live in, except that if you live in FLA, you don’t get to exempt state income taxes paid. It would be the MA state treasury that would be concerned.
He claimed his mother-in-law's home, which was an over-55 senior's condo.
-PJ
bttt
My medium income brother looked at this possibility. It’s not so much expensive as it is a royal bookkeeping pain in the neck. All income has to be sent to the trust, all property has to be owned by the trust, all bills have to be paid by the trust. The rich can afford the bookkeeper to offload said pain.
If this is true his Senate seat has been vacant since the day he did so.
And, don’t you just love how people buy into the notion that the DEMs are for the little, working guy, while the Republicans represent the rich?
Why don’t people research these things? They might learn a thing or two instead of parroting talking points.
And to think that those idiot Massachusettsians are going to elect a Kennedy clone the next time they have an election.
I doubt it’s true. They rented property in Florida over the winter (sold the Palm Beach house years ago).
Great catch
Apple....tree :-)
How could it be possible for a senator from MA to have his primary residence in FL? It seems to me that in order to do so, he would first have to resign his office of senator.
If the republicans don’t make their number one issue of TAX CHEATS in the dem party, they’re even more pathetic than even I believe them to be!
Mark
Do you have a link for this information? I’d really like some verification.
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