Kerry's tax rate

hellmut

Active member
This is from the wall street journal, just thought you guys might want to see this. I am not saying you should change your vote because of this. It just might help you to see the real John Kerry.

'According to the Kerrys' own tax records, and they have not released all of them, the couple had a combined income of $6.8 million in income last year and paid $725,000 in income taxes. That means their effective tax rate was a whopping 12.8%.... 'Under the current tax system the middle class pays far more than the Kerry tax rate. In fact, the average federal tax rate -- combined payroll and income tax -- for a middle-class family is closer to 20% or more. George W. and Laura Bush, who had an income one- tenth of the Kerrys', paid a tax rate of 30%. ...

'Here is the man who finds clever ways to reduce his own tax liability while voting for higher taxes on the middle class dozens of times in his Senate career. He even voted against the Bush tax cut that saves each middle-class family about $1,000.' The Kerrys 'have unwittingly made the case for what George W. Bush says he wants to do: radically simplify and flatten out the tax code. ... So before John Kerry is given the opportunity to raise taxes again on American workers, shouldn't he and Teresa at least pay their fair share?'

 
first: try not to find sources that are commentaries from obviously biased sources.

second: (hypothetical situation)a family that makes $50,000 a year and has to pay 10% in taxes leaves them with $45,000. if they're raising children, that $5,000 can mean alot.

a wealthy businessman makes $1,000,000 and has to pay 25% leaves him with $750,000. can you honestly tell me that a relatively high tax rate (a hypothetical 25%) is going to leave him crippled?

but i would agree that kerry should not be skimping on taxes, and i doubt that he is.

 
Jst ignore the words and look at the numbers, are the numbers biased too?How could he make so much and be taxed so little?

 
thats funny my dad gets taxed 33% federal and 12% state. All I get taxed is state, all my federal is refunded at the end of the year cuz I make less than 11,000.

We pay our debt sometimes.
 
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