The sheer magnitude of the hypocrisy of Sen. John Kerry, who certainly did marry up to a billionaire heiress, and the heiress herself Teresa Heinz Kerry is truly stunning.
After a year and a half on the campaign trail bashing President Bush for irresponsible tax cuts that only benefit his rich buddies in "the richest one percent of taxpayers", Mrs. Heinz Kerry finally deigns to release her tax records. And what a stunner they are.
It was bad enough when John Kerry released his tax records and revealed that he only paid approximately 12% tax rate compared to the Bush's tax rate of over 20%.
Now, we discover that Teresa, whose net worth of over $1 Billion surely puts her in the richest 1%" bracket, paid much less. According to this excellent report at Newsmax.com, Mrs. Heinz Kerry paid a paltry 1.2% tax rate on her income of approximately $50 Million in 2003.
This one fact should be all you need to know to not vote for John Kerry.
Let me say that again: 1.2% tax rate. In fact, I would be hard pressed to call her a "tax payer" at all at that rate.
That is, if the records are even accurate. Kerry reported income of $5 Million, which under reports her probable annual income of $50M based on a reasonable return against her net worth. Again, from Newsmax:
"Financial experts cited by the New York Post on Saturday said that the Kerry family's reported $5 million annual income wouldn't come close to covering their lavish lifestyle, which includes five estates; multiple cars; a $3.5 million Gulfstream V jet complete with plasma TV, gold fixtures and two bathrooms; a yacht worth $750,000 to $1 million and servants in every location."
What happened to all of those speeches about the rich paying their fair share?
Obviously, she has the best lawyers and accountants that money can buy to shelter her income. Maybe John Kerry could propose a government entitlement program to help the poor and downtrodden by providing them with Teresa's tax lawyers to help them avoid paying taxes. But then again, how would they fund it if everyone avoided taxes like Teresa does?
The Kerrys. John and Ter-aaaaa-za. Champions of the poor and downtrodden. Working for the little guy. Paying their fair share.
It makes me want to vomit.
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