Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Cincinatus' Wife
"The $5.1m is her taxable income."

Actually not. $2.8 million of that total is tax-exempt. She therefore paid taxes on a "mere" $2.3 million of taxable income. So presumably she had a relatively low cash on cash return on her investments or she is sheltering a hell of a lot.

As I pointed out 10 year Treasury bonds pay 4.25% (today at historically low rates). If she had $425,000,000 in Treasuries her income from that would have been over $18,000,000, where the heck does one "shelter" nearly $16,000,000 in taxable income?

9 posted on 10/16/2004 12:58:49 AM PDT by Positive (There's nothing sadder than seeing a group of great ideas being murdered by a bunch of brutal facts!)
[ Post Reply | Private Reply | To 4 | View Replies ]


To: Positive

I guess that's their "fair share."


10 posted on 10/16/2004 1:01:55 AM PDT by Cincinatus' Wife
[ Post Reply | Private Reply | To 9 | View Replies ]

To: Positive
Has she release all of her tax returns or just the first 2 pages she mentioned last spring she would ??
12 posted on 10/16/2004 1:02:55 AM PDT by Mo1 (Terri Kerry's remedy for arthritis - soak white raisins in gin for 2 weeks)
[ Post Reply | Private Reply | To 9 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson