Teresa Kerry's financial data released

[klah]

Teresa Kerry's financial data released

Mrs. Kerry -- whose wealth derives from the Heinz food fortune -- earned about $5 million in 2003 and paid approximately $750,000 in taxes

15%.

Most people making 40k/yr pay a higher percentage.

 

[rickn]

that's rediculous. I like her though, I think she'd make a much better first lady than Laura Bush

 

[conjur]

She also earned $2,777,000 in tax-exempt interest income from state, municipal and other bonds.

Pushes that tax % up to about 32%.

 

[Strk]

I wonder how much she would have paid before the tax cuts. I also wonder how many of those who cheer for those cuts will complain about how much she paid in taxes.

 

[Fausto]

Originally posted by: conjur

She also earned $2,777,000 in tax-exempt interest income from state, municipal and other bonds.

Pushes that tax % up to about 32%.

Plus we have no data regarding writeoffs via charitable contributions. :roll:

Let's see W and Cheney's returns for the past 20 years and see how things stack up.

 

[dahunan]

Is she running for office?

 

[Spencer278]

Originally posted by: dahunan
Is she running for office?

I don't think so but all the bush fan boys get a hard on talking about how little tax rich people get to pay.

 

[Zebo]

"earned"

All her taxes are on gains. She has no income. She doesnt pay the 7% FICA , she doesnt pay Medicare 2.5%, she does'nt pay unemployent (depends on state).

Middle class wage earners take it up the ying yang when it come to taxes, especially if they don't have mortgage deduction or dependants.

Taxes are in fact regressive overall.

 

[ElFenix]

Originally posted by: Zebo


Taxes are in fact regressive overall.

i've never seen that claimed. got some numbers to back it up?

 

[Zebo]

Originally posted by: ElFenix

Originally posted by: Zebo


Taxes are in fact regressive overall.

i've never seen that claimed. got some numbers to back it up?

Really? What do you think sales tax is? Flat?

Anyway here ya go, it a matter of conjecture among enonomists. http://ase.tufts.edu/gdae/Pubs/wp/03-10-Tax_Incidence.pdf

 

[Zebo]

What do you think ElFenix? Are you screwed if you are saleried or what?