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Teresa Heinz Kerry Releases 2003 Tax Info; Paid Over $798,000 in Federal, State Income Taxes
Druge Report ^ | November 15, 2004 | Druge

Posted on 10/15/2004 2:51:33 PM PDT by The Great Yazoo

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1 posted on 10/15/2004 2:51:33 PM PDT by The Great Yazoo
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To: The Great Yazoo

She released just the top TWO pages.


2 posted on 10/15/2004 2:52:26 PM PDT by IDRATHERNOT
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To: The Great Yazoo

Finally! I've been harping about this all day!


3 posted on 10/15/2004 2:53:07 PM PDT by Oblongata
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To: IDRATHERNOT

She should be in jail.


4 posted on 10/15/2004 2:53:11 PM PDT by mmyers
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To: The Great Yazoo


"Gross Taxable Income"

How about all the other income that wasn't taxed. Legally of course, but it crushes there point of complaining about "Loopholes for the rich" when they are exposing every one of them.


5 posted on 10/15/2004 2:53:40 PM PDT by Josh in PA
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To: The Great Yazoo

But did she refuse her tax cut?


6 posted on 10/15/2004 2:54:39 PM PDT by mtbopfuyn
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To: Josh in PA
had $2,781,791 of tax exempt interest income from state, municipal and public entity bonds.

More than half her income was tax-exempt.
7 posted on 10/15/2004 2:55:16 PM PDT by The Great Yazoo (JFK: He's a real nowhere man, Sitting in his nowhereland, Making all his nowhere plans, For nobody)
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To: Josh in PA

She earned more non-taxable interest than gross taxable income.


8 posted on 10/15/2004 2:55:26 PM PDT by weegee (Ted Kennedy, your brother defined Vietnam antiwar protesters as traitors, giving aid to Ho Chi Mihn)
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To: The Great Yazoo

She has ONLY agreed to release this ONE return (2003). The public deserves to see the tax returns that were filed BEFORE John Kerry became a Presidential candidate!!!!!


9 posted on 10/15/2004 2:55:59 PM PDT by stockstrader
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To: Josh in PA

I'd say you'd have to be exceptionally stupid to pay taxes on income that isn't taxable.


10 posted on 10/15/2004 2:55:59 PM PDT by Arkie2
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To: The Great Yazoo

How much money did she give to family members, to avoid declaring as income?


11 posted on 10/15/2004 2:56:04 PM PDT by Oblongata
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To: The Great Yazoo

This just might help. When common folk see that she paid more in taxes than most of us will make in 15 years, the whole "tax cuts for the rich" argument is alot weaker. It's one thing for JFnK to spout out his statistics about the top .1%, er, I mean, 1%, but it is another for people to see what that 1% actually PAYS.


12 posted on 10/15/2004 2:56:56 PM PDT by jcb8199
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To: Josh in PA

I see, at a minimum, paper losses on real estate.


13 posted on 10/15/2004 2:57:03 PM PDT by gov_bean_ counter (If it talks like a liberal, votes like a liberal and spends like a liberal, it's a liberal.)
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To: Josh in PA

Effective tax rate of less than 16%.


14 posted on 10/15/2004 2:57:24 PM PDT by The Great Yazoo (JFK: He's a real nowhere man, Sitting in his nowhereland, Making all his nowhere plans, For nobody)
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To: The Great Yazoo
Doesn't mention which state. From what I've heard she uses PA as her reisdence for tax purposes.
Couldn't be because PA has a 3.07% rate and MA has a 5.3% rate.
It's nike she's married to anyone in MA or spends any time there.
15 posted on 10/15/2004 2:58:30 PM PDT by ProudVet77 (W stands for Winner)
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To: The Great Yazoo

I'll reserve comment until I see the forms - any links?


16 posted on 10/15/2004 2:58:57 PM PDT by talleyman ("There are liars, damn liars, and Democrats." (-apologies to Mark Twain))
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To: The Great Yazoo

" In addition, she paid an additional $171,670 in state income taxes "

I wonder which state Teresa lists as her official residence- MA or PA ?


17 posted on 10/15/2004 2:59:18 PM PDT by Wild Irish Rogue ( Kerry to our troops-Throw down your arms and surrender !)
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To: The Great Yazoo
More than half her income was tax-exempt

Exactly. The press release is playing games with the figures, i.e., 35% state and federal taxes on her gross taxable income. The figure is far less once you put the total income together. I would have to run the numbers, but without the state taxes, I wonder how low their effective federal tax is on their total income. If I recall, it was about 12%.

18 posted on 10/15/2004 2:59:19 PM PDT by kabar
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To: talleyman

None, sorry. But her total tax bite is clearly less than 16%.


19 posted on 10/15/2004 2:59:44 PM PDT by The Great Yazoo (JFK: He's a real nowhere man, Sitting in his nowhereland, Making all his nowhere plans, For nobody)
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To: Arkie2
I'd say you'd have to be exceptionally stupid to pay taxes on income that isn't taxable.

Ever heard of AMT?

20 posted on 10/15/2004 3:00:05 PM PDT by talleyman ("There are liars, damn liars, and Democrats." (-apologies to Mark Twain))
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