The article’s statement that Kerry didn’t pay taxes on his income is somewhat misleading. It is a disservice to the credibility of PajamasMedia.
I was incredulous about this because the relative magnitudes of the numbers cited in the article seemed amiss. John Fn’ Kerry certainly had investment income greater than $4 million on his 1.2 billion net worth. If one bothers to check out the report linked by the article, it’s obvious that the $4 million is derived from tax-exempt municipal bonds. There is absolutely nothing wrong about availing oneself to the tax exemption from interest paid on municipal bonds, even if it is done by a weasel like John Fn’ Kerry.
There is absolutely nothing wrong with pointing out that a guy who thinks people don't pay enough in taxes didn't pay a penny on $4 million in income.
Nothing prevents Kerry from making non-tax exempt investments. If he was a real patriot he would GM's bonds, right?
At least according to Kerry.
“There is absolutely nothing wrong about availing oneself to the tax exemption from interest paid on municipal bonds, even if it is done by a weasel like John Fn’ Kerry.”
Ah, you mean the tax-exempt-municipal-bond loophole?