Posted on 08/01/2003 6:28:27 AM PDT by defeat_the_dem_igods
Over the past 15 years, Sen. John Edwards has been delinquent nine times on property taxes owed on his homes and automobiles, most recently on a house his family owns in the Georgetown neighborhood of Washington.
Edwards, who is running for the Democratic presidential nomination, paid $11,092.46 to the District of Columbia on Thursday to settle a property-tax bill that was four months late. Jennifer Palmieri, Edwards' campaign spokeswoman , said the family never received a bill for the Georgetown property, which they bought in December for $3.8 million but have not moved into and no longer plan to occupy. The bill was paid after the campaign was questioned by a reporter from The Washington Times, which published a story Thursday.
In a brief interview, Edwards acknowledged Thursday that he had been late on his taxes on some occasions.
Neither he nor his campaign staff offered an explanation.
"I've always paid my taxes," Edwards said shortly after leaving a town-hall-style meeting with constituents. "My taxes have been paid in full, and I take personal responsibility for any time that bills have been paid late."
Edwards, a former trial lawyer, holds assets of at least $12 million, according to his most recently filed Senate disclosure form.
In addition to the recent episode in Washington, Edwards has been late enough paying taxes to accrue penalties once on his family's residence in Raleigh and twice on a beach property on Figure Eight Island. Since 1995, Edwards and his wife have been delinquent five times paying county taxes on vehicles they own.
Republicans were quick to seize on the revelations. The Republican parties in North Carolina and South Carolina, an early presidential primary state, fired off statements accusing Edwards of hypocrisy.
"You know, all those 'regular people' that John Edwards claims to represent in his run for the presidency pay THEIR taxes," wrote Linda Daves , the interim chairwoman of the N.C. Republican Party. "Simply unbelievable."
In the District of Columbia, property taxes are due twice a year, on March 31 and Sept. 15. The first time the Edwardses were due to pay taxes on their Georgetown house was March 31. The home's assessed value is nearly $2 million .
The family's bill was $9,562.46, but it grew to $11,092.46 after penalties and interest.
The family plans to sell the property, Palmieri said. While in Washington, the Edwardses live in a house they are renting in the northwestern section of the city.
North Carolina property taxes are due Sept. 1, but payments are not delinquent and penalties are not assessed until the first business day on or after Jan. 5.
Wake County revenue director Emmett D. Curl said about 85 percent of payments arrive in the last two weeks of December and the first week of January. About 4 percent arrive after January, he said.
The Edwardses' delinquent payments, received in January or later in North Carolina, were :
* Once on their Raleigh house on Alleghany Drive, now assessed at $987,091. In 1995, they were charged $111.21 in penalties for late payment of their 1994 tax bill. The bill was paid Feb. 1, 1995, 27 days after the delinquency date.
* Twice on their beach property on Figure Eight Island in New Hanover County, now assessed at $1,033,410. The 1988 bill was paid more than two months after the delinquency date, on March 26, 1989, with penalties and fees of $23.26. At the time, there was not yet a house on the property. The bill for 1992, after the house had been built, was paid three weeks late, on Jan. 29, 1993, with a penalty of $54.13.
* Five times on automobiles owned jointly by the couple. Two bills were paid March 22, 1995, more than two months late, on a 1989 Mitsubishi and a 1991 Acura. A payment Nov. 13, 2001, on a 1994 GMC arrived 12 days after the delinquency date.
Delinquent payments were received for a 1998 Buick on June 12, 2002, about six weeks late; and for a 1998 Volvo on April 8, 2002, five weeks late. The amounts of late penalties were not available.
The family's bill was $9,562.46, but it grew to $11,092.46 after penalties and interest.
To the Dems, would you want Opie to handle 'your' money?
This is so typical of the demonRATS. Tax everybody as much as possible and then skip paying your own taxes with no explaination.
This is outrageous behavior, but the demonRATS will defend his right to make these silly little mistakes, but don't you try it or your property will be confiscated by them.
Like paying 24% (and more) on credit card balances, the idea of incurring penalties and interest on late paying taxes is beyond my comprehension. And here we have an individual who certainly must contract with a high-dollar accounting firm, after all, he is a principal in a law firm, and also controls a non-profit organization.
As with most business owners, the accounting firm usually files the personal return at "no cost".
Then why doesn't Opie have the firm handle bill-paying?
Blows my mind!
Garbage like this will chill everyone but self-rightneous ne'r-do-wrongs from seeking office. One would think ;-)
But... I find it ironic that the "party of the people," or the "party of the workin' man" has twice recently run in North Carolina statewide contests extravagently wealthy candidates who largely financed their own campaigns: Erskine Bowles (who, let's just say, married very well), and John Edwards.
Senator Edwards owns three residences with tax-assessed valuations totalling about $4 million: $2 million for his Georgetown (DC) townhouse, and $1 million each for his homes in Raleigh and on Figure Eight Island. Note that these are tax valuations; market value is often higher, sometimes much so. For instance, he paid $4 million for the DC townhouse.
Again, that's fine. But is it too much to ask that he pay his taxes on time?
But if I let say, a power bill 'slip', NINE times, they come and turn my power off.
I don't want this man managing my money. At best, he needs a new acountant. At worst, he's financially inept.
I think that this story has legs. The BS with Bowles' financial shenanigans was far worse, but the average voter wouldn't understand it. Not paying your bills is something that they all comprehend.
Some of the late taxes on cars are a bit inconsequential, especially if the notices were sent to his house in NC while he was in DC. However, the main problem here is that you've got nine late payments. I certainly don't think he was trying to avoid taxes. I really think that is shows some disorganization in running his personal finances. Since he does travel a lot, and does buy investment properties, it would probably be prudent for him to pay an accountant to handle this type of stuff. Even if you had to pay $100 per hour, it would probably only take three hours a week, and he's save a lot in late fees, interest, and probably in taxes as well, as an accountant could better keep track of receipts, business expenses, etc. Geez, I hope if he becomes President (not bloodly likely), he decides to hire a treasury secretary and not do it himself. ("I was at a summit in Geneva, and never knew that the interest payments on those T-Bonds was due. But I've got my assistant taking the payment to Wall Street right now!")
Geez, I hope if he becomes President (not bloodly likely), he decides to hire a treasury secretary and not do it himself. good chuckle...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.