[kattracks]

But with Kerry on the brink of collecting a majority of delegates to guarantee the Democratic presidential nomination, he does not want to risk trouble with negative campaigning against his sole remaining serious opponent.

Or mention this embarassing information about someone who may be his VP?

[onyx]

You nailed it, Kat. :)

Off subject, but I take issue with Novak:
Faircloth, a self-made and largely inarticulate businessman

During the hearings into the boxes found in WH which Hillary couldn't tell us how they got there, ole Lauch Faircloth uttered the immortal words " the butler did it."

I MISS Lauch Faircloth. Desperately.

[GiovannaNicoletta]

bump

[Fracas]

Good grief! It's absurd to think this should be a line of attack by the WH at this early date. Where's the PRESS? I know, I know - I used to be 'the press'.

Has anyone asked Johnny if he has any corporations offshore? And what about property in his wife's name? She was a successful attorney until she quit to have the last two kids.

[longtermmemmory]

This is nothing, it is just a Subchapter S corporation it is what it is supposed to do.

ANYONE qualified can set up a subchapter S. This article is futile. sorry folks but I do not see where the "scandal" is. I will not vote for the slime but geeze, this is pushing it.

[longtermmemmory]

oops forgot, the subchaper S was NOT designed for professionals. the PA is for professionals. the Sub S is a seperate issue.

Sub S was set up to avoid the double taxation. IOW under a Sub C, a coropration pays taxes on the profit and then you pay taxes on the income profits when you get them. Taxed twice. With a Sub S. all the profit pass through to the shareholders and they are taxed as income ONCE.

[Shane]

As usual Novak has not properly researched his facts. Dividends are NOT deductible by corporations for Federal incomes tax purposes. Consequently Edwards would pay personal income taxes on the dividends at a higher rate than the Medicare tax that Novak is railing about, since Sub-Chapter S Corporations "pass through" income to stockholders. I don;t care for Edwards but he has done nothing wrong in this case.

[GailA]

btt

[VOA]

bump