Tilted Forum Project Discussion Community - View Single Post - Kerrys paid just 12% on combined Income tax in 2003

Kalibah · 10-14-2004, 02:34 PM

It may have been posted before, but just because it was brought up in the debates.

"Last year, John Kerry and his wife paid just 12% of their combined income in income taxes, despite their assertion that the rich should contribute increased amounts to government coffers. In contrast, President and Mrs. Bush, who had a substantially lower income than the Kerry's, paid over 28% in taxes."

http://www.atr.org/pressreleases/200...xes-9-7-04.htm

WSJ stated on Monday that by their calculations if a flat 17% tax rate was introduced John Kerry would pay $500,000 more in taxes per year ( combined with his/his wives income).

Meanwhile hes bitching at Bush for using "tax loopholes "

From 2nd debate

Kerry: And you know why he gets that count? The president got $84 from a timber company that owns, and he's counted as a small business. Dick Cheney's counted as a small business. That's how they do things. That's just not right.

BUSH: I own a timber company?

I also like how he says his tax increase will only effect " 3 people in this room, me, the President, and you (moderator)"

10-14-2004, 02:34 PM	#1 (permalink)
Kalibah Insane Location: Padded Playhouse	Kerrys paid just 12% on combined Income tax in 2003 It may have been posted before, but just because it was brought up in the debates. "Last year, John Kerry and his wife paid just 12% of their combined income in income taxes, despite their assertion that the rich should contribute increased amounts to government coffers. In contrast, President and Mrs. Bush, who had a substantially lower income than the Kerry's, paid over 28% in taxes." http://www.atr.org/pressreleases/200...xes-9-7-04.htm WSJ stated on Monday that by their calculations if a flat 17% tax rate was introduced John Kerry would pay $500,000 more in taxes per year ( combined with his/his wives income). Meanwhile hes bitching at Bush for using "tax loopholes " From 2nd debate Kerry: And you know why he gets that count? The president got $84 from a timber company that owns, and he's counted as a small business. Dick Cheney's counted as a small business. That's how they do things. That's just not right. BUSH: I own a timber company? I also like how he says his tax increase will only effect " 3 people in this room, me, the President, and you (moderator)"