Posted on 10/24/2004 2:28:40 AM PDT by Liz
If Senator John Kerry wins the presidency nine days from now, his family will be the richest ever (even adjusted for inflation) to occupy the White House.
How rich? And how much taxes does this rich family pay to Uncle Sam?
Well, that's where things start to get murky. And there are no signs voters will get any illumination on the subject before election day.
Despite repeated promises from the Kerry campaign back in May that Teresa Heinz Kerry would disclose her 2003 tax returns this October, this week's release of just two pages of her 1040 form (with no attachments) offerred a mere peek into Heinz Kerry's vast fortune, and an extremely limited one at that. In fact, the filing raises more questions than it answers.
Question #1: Why the secrecy? For years now, Mrs. Kerry has worn her wealthy widow status with the same ease as she wears her Armani suits. Published reports have put her fortune at anywhere from $800 million to $3 billion dollars, numbers the campaign has not tried to dispute.
It's only when it comes to disclosing the taxes paid on that considerable fortune that the Kerry clan clams up. The limited tax filings released by the campaign show Mrs. Kerry earned about $5 million dollars on her assets last year and paid a scant 12.4 percent in federal tax on that income — but that's only part of the picture.
Question #2: How does someone worth about a billion make only $5 million dollars on her investments?
Question #3: What stocks do the Kerry's own?
Question #4: Why did Mrs. Kerry file her tax returns in Pennsylvania?
Question #5: Why should we care?
E-mail terry.keenan@foxnews.com.
(Excerpt) Read more at nypost.com ...
Personally, I don't care.
Ter-ray-sah's money is her business.
If she lied about her assets, we need to know abou it.
If she used--- or misused--her money in an election, we need to know about it.
If she has financial interests that conflict with US interest, we need to know about it.
All this info can be found in other ways, if someone really wants to know.
Her tax forms are her business - she isn't running for office; her poodle is.
I hope she doesn't "reveal all." I just ate.....
Since she is campaigning for her husband and will have an official office if he is elected she needs to disclose her taxes. The fact that they are so reluctant to do that points to a problem. She and her husband are campaigning on tax issues they should be happy to share with the rest of the world what they have paid in the past. Her investments should be disclosed prior to the election. Who knows maybe she has investments in the evil Halliburton.
She's bankrolling her poodle. And I care about their finances only to the extent that the Kerry machine wants to confiscate my wealth.
I would like to see her go to her husband after he loses and say, "I never had any money, I gave it all to charity after my real husband died."
Unless she's financing ways to destroy America. Exposing it is our unpaid business...called duty.
The fact that she's unwilling to disclose is more signficant than what she's hiding.
If this was Lynne Cheney, the Dem's would bring their wrath to bear on all us conservative types, claiming high and low that we were hiding all the money the Cheney's were subversively raking in from Halliburton....fair is fair. We have a right to know.
bump
It became our business when she promised to release the info and has now refused to.
Many long-term investments have no tax consequences until you cash them out. It is possible she is heavily invested in long-term stuff that don't pay dividends or anything.
I agree, but only up to a certain point.
Who guaranteed the loan that the Horse's Ass took out on the townhouse they both own?
Whose money paid for the use of the G-IV they both have flown on, both before and after his receipt of FEC funds?
There are several examples of situations where it is very evident that the Sweat Hog has used her money to further the Horse's Ass campaign efforts.
Probably, most of it is legal, but I refuse to take her word for it, since she has been evasive in the past and continues to evade it.
As long as she can demonstrate that she has not poured any of her money into the dark side of his campaign, ala- George Soros/Moveon.org or A.N.S.W.E.R. or similiar activities, then she can take her money and stick it up her..., ahem, well, she can keep it where she pleases.
But I sincerely believe they are in violation of several restrictions and thumbing their nose at us, with the absolute assurance in their own minds that they can do as they please, because, after all, they are who they are.
And, had the two of them been forthcoming in the first place, I might not feel the same, but she has obfuscated and deceived every step of the way, as has he.
Does anyone really believe he is capable of repaying the townhouse loan, based upon his claimed income as a US Senator and his assertion that he has absolutely no access to the Sweat Hog's money?
But the bottom line is that the Horse's Ass was so interested in Bush's assets (Want some Wood?) and had intensive research conducted into his assets, yet both the Horse's Ass and the Sweat Hog refuse to fully disclose their own.
Typical Dimlib hypocrisy.
John Heinz would have had to of been a complete idiot to leave
his estate to Mama-T! The estate taxes alone would have been 60%. THE vast amount of the Heinz estate was put into charitable trusts to avoid estate taxes. Heinz probably left Mama-T "comfortable", but no where near the 1B estimates. Mama-T supposedly heads the Boards of these Trusts, but you can bet that the sons are also involved.
Like her husband, she has no problem creating illusions.
One reason I suspect she only made 1/2% on her wealth is that most of it is in real estate - probably undisclosed foreign property. Just a guess.
Not if it involves hypocrisy. We learned that from 1995-2000, Edwards avoided paying about $600,000 in Medicare taxes by placing his investments in a subchapter S corporation. Then Edwards and Kerry run on a platform that the rich aren't paying the their fair share. Hypocrisy.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.