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Originally Posted by Kalibah
The true rich ( like Tersia Hienz Kerry) can hide from taxes- %12 is laughable
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Her tax rate, I am guessing, is probrably a result of Bush's staggered abolishment of dividend taxes. I am willing to bet* that most of Teresa's wealth is tied up in Heinz stock. Thus, her earnings for the year are virtually untouched.
Only about 7% of tax filings claim capital gains. Not exactly a tax cut for all of america. What that tax cut does is allow those who contribute nothing to society and live off their savings in the market to get by virtually paying nothing for the privilege of living in American prosperity. That tax cut has done a good job of depleting our treasury, that's a plus for Bush, right?