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Kerry to repeal tax cuts to those who don't NEED them

Posted on 08/19/2004 8:47:29 AM PDT by salbam

Kerry has now said repeatedly that he want to repeal tax cuts to those who DON"T NEED THEM. That begs the question (for any enterprising reporter) that if Kerry is going to base his tax policy on what people need, HOW MUCH DOES JOHN KERRY NEED? Does he need 5 multimillion dollar mansions, a Lear Jet, a fleet of vehicles, a billion dollar net worth, etc.? If he feels comfortable telling everyone what they need financially, isn't he obligated to tell us what he needs? And since he continually speaks of everyone sacrficing, isn't he obligated to tell how he and Theres will be sacrificing? Would living off of 500 million be a sacrfice? 100 million? We need to know at what level of wealth he would consider himself to be sacrificing.


TOPICS: Business/Economy; News/Current Events; Your Opinion/Questions
KEYWORDS: bushtaxcuts; kerry; kerryeconomics; taxes

1 posted on 08/19/2004 8:47:29 AM PDT by salbam
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To: salbam
John Kerrys home state of Mass had an income tax rate reduction a couple years ago. A crafty move by a tax reform group got a line added to the state tax return. The line basically allows those who want to do so to pay taxes at the higher previous rate.

John Kerry, who wants to raise taxes on those earning above $200,000 (which he himself does) when given the option to pay the new lower rate or the old higher rate on his state income taxes PAID THE LOWER RATE!

John Kerry is a hypocrite!

2 posted on 08/19/2004 8:52:02 AM PDT by Phantom Lord (Advantages are taken, not handed out)
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To: salbam

Wealth is not taxed, just income. So, Kerry would gladly take a tax cut on his income because it pales in comparison to his assets. That's how the wealthy liberal politicians come off sounding like they're so eager to increase their own taxes--they only take the increase on their income, not on the wealth that they've accumulated.


3 posted on 08/19/2004 8:53:32 AM PDT by cantfindagoodscreenname (cantfindagoodtaglineeither)
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To: salbam

You must understand the difference, Kerry only wants to tax money that is earned so that no one else can become wealthy and challenge his and his fellow elites power. Wealth that already belongs to the rights families should continue to be exempt from taxes.


4 posted on 08/19/2004 8:53:34 AM PDT by Libertarianize the GOP (Make all taxes truly voluntary)
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Comment #5 Removed by Moderator

To: Phantom Lord

Anyone who believes John Kerry is going to close one loophole that Theresa uses has crap for brains.


6 posted on 08/19/2004 8:54:16 AM PDT by sgtbono2002 (I aint wrong, I aint sorry , and I am probably going to do it again.)
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To: salbam

How about everyone worth less that $100 million pays ZERO taxes?


7 posted on 08/19/2004 8:54:28 AM PDT by tractorman
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To: cantfindagoodscreenname
Kerry would gladly take a tax cut on his income

That should say "take a tax increase". Oops.

8 posted on 08/19/2004 8:54:28 AM PDT by cantfindagoodscreenname (cantfindagoodtaglineeither)
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To: tractorman
How about everyone worth less that $100 million pays ZERO taxes?

Oh, darn! That would leave me out. Could you up that amount by $5?

9 posted on 08/19/2004 8:55:11 AM PDT by cantfindagoodscreenname (cantfindagoodtaglineeither)
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To: salbam

I know of no law that prohibits all those rich people like Kerry and his wife, from paying more taxes if that wish


10 posted on 08/19/2004 8:56:01 AM PDT by tsali
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To: salbam

We might have to take some things from you for the common good.


11 posted on 08/19/2004 8:58:10 AM PDT by CaptRon (Pedecaris alive or Raisuli dead)
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To: Phantom Lord

"From each according to his means, to each according to their needs."

Where have we heard that?


12 posted on 08/19/2004 9:14:11 AM PDT by CMAC51
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To: CMAC51
"From each according to his means, to each according to their needs." Where have we heard that?

According to some high school students who were asked that question, it came from our Constitution. :-/

13 posted on 08/19/2004 9:24:59 AM PDT by cantfindagoodscreenname (cantfindagoodtaglineeither)
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To: salbam

He can hand over his family's wealth to the government. He sure as heck doesn't need the fleet of cars, the maids, the butlers, the Gulfstream IV Flying Squirrel private jet and those lavish mansions. He can demonstrate as the scion of Upper Class, he believes in sacrifing for the good of the country. Otherwise its all hot air.


14 posted on 08/19/2004 9:27:49 AM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives On In My Heart Forever)
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To: Phantom Lord

Kerry doesn't earn $200,000. He and Theresa receive capital gains from their billions. Kerry is not proposing to increase the capital gains tax, only the tax on earnings. I think his income as a Senator is less than $300K.


15 posted on 08/19/2004 9:35:56 AM PDT by gesully (gesully)
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To: gesully

His income as a Senator is somewhere in the neighborhood of $165,000 +-. He has other earned income as well (outside of capital gains). Interest is also considered earned income. Plus he had income for the year in question from book sales.


16 posted on 08/19/2004 9:37:52 AM PDT by Phantom Lord (Advantages are taken, not handed out)
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To: gesully

I will try and hunt down the original thread on this matter, but Kerry's Mass income tax return showed greater than $200,000 in taxable income.


17 posted on 08/19/2004 9:38:30 AM PDT by Phantom Lord (Advantages are taken, not handed out)
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To: cantfindagoodscreenname
Massachussets allows state taxpayers to voluntarily pay a higher rate. Guess what Kerry chose to do?

Yep, pay the lower rate.

18 posted on 08/19/2004 9:39:32 AM PDT by dirtboy (Forget Berger's socks - has ANYONE searched his skin folds for classified documents?)
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To: salbam
Karl Marx: To each according his needs.

John Kerry: Repeal tax cuts to those who don't need them.

We now have the Kerry corollary to the Communist Manifesto.

19 posted on 08/19/2004 9:41:00 AM PDT by dirtboy (Forget Berger's socks - has ANYONE searched his skin folds for classified documents?)
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To: salbam

Does this mean that John Kerry supports wealth redistribution?

How come the government decides HOW much money the populace needs? Where is that in the constitution?


20 posted on 08/19/2004 9:54:53 AM PDT by ClancyJ (Vote for President Bush - For our grandchildren. Democrats are not to be trusted with our country)
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