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Originally Posted by kutulu
Well, how about instead of Kerry bashers bitching and moaning about what some "non-partisan" group says Kerry paid, why don't we look at what he actually paid? Here is a pdf of Kerry's 2003 tax return:
Income:
Wages - 147818
Taxable Interest - 1250
Dividends - 11141
Refunds - 104
Capital Gain - 145805
Real Estate, S-Corps, etc - 89220
Total income (also equal to his adj gross) - 395338
Taxable income - 346664
Total Tax - 90575
26%
He also has an amended 2003 return where he pays an additional 11577, but his taxable income didn't change. Therefore his personal tax rate was 29.5%.
Here is a link to Kerry's website about Teressa's taxes:
http://www.johnkerry.com/pressroom/r...004_0511b.html
I haven't been able to find Teressa's 1040, but she already has paid 867000 towards her 2003 and 2004 taxes. Her advisors said her taxable income would be around 2.3M and she had an additional 2.8M in public entity bonds. She also donated around 4.6M to charity. |
A breakdown of Kerry's taxes:
Taxable income: $395,338
Tax for the first $155,975: $42194
Tax for the difference between his income and the $155,975 (35% of $239,363): $83,777
Total tax liability before loopholes: $125,971
And the reason that you can't find Teresa's is because she does not make them public. She earned more than $2 million in non-taxable income (only the super rich are able to do that by putting loads of money into government bonds that shield her from taxes) and I think another $3 million or so in taxable income.
All the details are not available because she doesn't release them (and I don't blame her one bit since she is not running and it only offeres fodder for Kerry's opposition).