Monday, October 18, 2004

 

Kerry's Wife Pays Fraction of Tax Rate for Weathiest Americans

Heinz Kerry Paid Lower Tax Rate Than Most Taxpayers Following up on the businessman's previous post is this from Drudge. This is one of my favorite arguments to have with liberals who want to raise taxes. I always ask how much more in taxes they voluntarily sent to the government, since you can send in any amount you want. The answer is always none. Why is this? It is because liberals don't want to pay more taxes themselves, they want YOU to pay more taxes. Maybe we should have a two armed tax system. The liberals can pay at a tax rate of 50% and continue to do nothing with their money. The conservatives can pay 10% and create jobs, good and services, and in turn, create tax revenue. The libertarians can pay their 1% for highways and boarder protection and spend the rest of their money at the weekly gun show at the coliseum.

On her "remaining 'taxable' income of $2.29 million, Mrs. Kerry paid $627,150 in taxes, for an overall average federal tax rate of only 12.4% on her $5.07 million in total income." This "puts Mrs. Kerry's tax rate at well below that of other filers in her super-rich neighborhood. But it also means she is paying a lower average rate than nearly all middle- class taxpayers paid in 2001, the last year for which the IRS has published the data.



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