1. It's unlikely she's getting a total yield of 5%. I understand that a large portion of her wealth is in Heinz stock. That's currently yielding about 1% dividend.
Tax-free bonds are yielding a bit better, but a mix of maturities still is only yielding about 3.5%.
2. The 1040s only show income generated from assets that she directly owns. And taxes paid on those assets. I'd bet my bottom dollar that she is the beneficiary of other assets, providing support in the millions of dollars per year, but we have no information on those, and have no idea of how much taxes are paid on those sources of income.
3. Most of her taxable income likely comes from dividends, and thus, the highest rate is 15% for federal taxes. That's what President Bush did with the dividend rate.
4. Although about half her income reported on her 1040 was "tax-exempt," nonetheless, she paid over $300K on that income, because of the Alternative Minimum Tax (AMT), which lifts the tax exemption on certain types of "tax exempt" bonds when income is high and total taxes due is low.
5. Newsmax is really full of it on this one.
sitetest
bttt
The real story is how she ended up with the entire Heinz fortune after her John died in the plane crash, within a year and a half of John Heinz's death she married Hanoi Kerry. I put nothing past this woman she is crazier than Hillary Clinton and has used John Heinz's fortune to fund outrageous left-wing groups.
Which part of this did the Times report? Does anyone have a link to the Times story. I'm a little leery of taking Newsmax too literally.
Pray for W and Our Troops
This is a really foolish article by Newsmax.
Where's the proof? Some guy guesstimating their net worth, and then assuming they invest all of it in a place that is taxable by the federal government?
I would urge a lot of caution here. Unless one of us is a CPA with access to the Heinz Kerry books I would say that we are not qualified...and neither is NEWSMAX to make this call.
elitist rats who bleed America, and tell the little people to "go naked"...