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Middle Class Said To Pay Higher Tax Rate Than Heinz Kerry And Kerry
DrudgeReport ^ | 10-11-04 | Drudge

Posted on 10/11/2004 10:26:00 AM PDT by admiralsn

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To: LittleSpotBlog

I can't figure it out. The problem for the Kerry campaign is that anything less than a complete release of the return poses MORE questions, and in two different rationales. First, it's just the nature of the analytical process, to want to see as much as possible; and second, assume that in a 100 page return, the campaign releases 98pages..Immediately everyone starts screaming for the other 2 pages, figuring that's where the dirt is hid. Go back and look at Ferraro's fiasco...Kerry seems to be following the same stupid pathway in handling this..


21 posted on 10/11/2004 11:31:35 AM PDT by ken5050
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To: admiralsn
This seems to be my day to defend John Kerry against probably silly charges.

As I understand it, Kerry's wife has invested the bulk of her fortune, reputed to be somewhere between $750M and $1B, in tax-free municipals.

Notice that she is earning less that 1% (tax-free) on her net worth, suggesting that not only is she getting the typically low rates of return offered on tax free municipals but also that she has sustained substantial losses somewhere.

Municipals are tax free by federal law. They are popular with rich people for their "safe" money, because the amount they lose on interest is less than the amount they save on taxes. The amount lost on interest, however, amounts to a hidden tax. The savings are not nearly as great as her effective 12% tax rate would suggest. It's not the free ride that many think it is.

It sounds like something any similarly super rich, risk averse freeper would also do - if he were sane.

22 posted on 10/11/2004 11:34:03 AM PDT by wotan
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To: ken5050

""If they released it 6 months ago, it'd be an old news cycle..now, it will dominate the last 3 weeks of the campaign. All the GOP has to do is tell Americans..pull out your tax returns, check your bracket..""

I don't think they can AFFORD to release her tax return. Her real gross revenues before write-offs must be in the mid-8 digits, given her 10-digit net worth.

The media won't call them on this, naturally.


23 posted on 10/11/2004 11:36:54 AM PDT by WoofDog123
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To: WoofDog123

She announced they would be released this week..


24 posted on 10/11/2004 11:40:06 AM PDT by ken5050
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To: admiralsn
Middle Class Said To Pay Higher Tax Rate Than Heinz Kerry And Kerry

I believe I read that the bulk of the Heinz-Kerry income is derived from tax-free municipals and investments which are subject to the lowered (by Bush) capital gains rate of 20%. This makes the Kerrys a low cost source of funds for municipalities, thereby lessening the burden on tax-payers by eliminating another level of bureacracy, and, in the case of capital gains, they are INVESTORS in our economy, de-facto EMPLOYERS in our economy.

When taxes are lowered on INVESTMENTS the ultimate result is more jobs, and more economic activity.

The argument that the Kerry's pay TOO LITTLE plays right into the hands of the economic egalitarians, with whom we are battling to save the capitalist system from being CLASS WARFARED into oblivion.

Bush should compliment them for doing precisely what any investor, employer, or entrepreneur SHOULD do, invest it for the advancement of all who participate. If the cure for this situation is to eliminate incentives to invest, I am totally against it, and if we play this card the way Stephen Moore intends, we'll play right into their hands.

I realize that some of Heinz-Kerry's charitable giving is to organizations which play on the dark side, but that is a topic for another day,IMHO.

25 posted on 10/11/2004 11:40:43 AM PDT by wayoverontheright
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To: ken5050

The ENTIRE return or just the first 2 pages, as she mentioned earlier?


26 posted on 10/11/2004 11:42:59 AM PDT by WoofDog123
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To: wotan

great reply...


27 posted on 10/11/2004 11:43:14 AM PDT by dakine
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To: wotan
No argument philosophically, but something doesn't add up. Muni income triggers the ATM..there's got to be some other stuff there..if you recall, months ago, she objected to releasing the returns because it would invade her KIDS privacy.. That was pure crap..becuase you don't file a tax return with your kids. If she's in partnerships with her kids, as is likely, then each partner gets a tax info form.....which I suspect is the problem, becuase the next logical step is to request the partnership returns...
28 posted on 10/11/2004 11:43:30 AM PDT by ken5050
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To: WoofDog123
I don't know..no sense speculatig until they come out..but if she releases only the first two pages, it'll cause a bigger demand for more..

FWIW, the only reason I think they're coming out is that the Kerry campaing worries about an over the transom distribution, like the Pentagon papers...

29 posted on 10/11/2004 11:48:12 AM PDT by ken5050
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To: Jersey Republican Biker Chick

It was a terrible yet hilarious moment.


30 posted on 10/11/2004 11:50:20 AM PDT by ShandaLear (Senator Kerry for President of the Debate Team.)
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To: admiralsn
"According to the Kerrys' own tax records, and they have not released all of them, the couple had a combined income of $6.8

BTW ... Didn't the Kerry's say they would release the rest of the tax papers in the fall??

WELL ... WHERE ARE THEY?????

31 posted on 10/11/2004 9:31:32 PM PDT by Mo1 (The President's job is not to pass a global test, but to protect the American people.)
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