Can you say IRONY?

[Silat]

http://www.msnbc.msn.com/id/6308302/site/newsweek/

Some Republicans were aghast by the low taxes paid by Teresa Heinz Kerry in 2003. But the reason she paid so little? President Bush’s controversial tax cut
                           

[Dowding]

Nah, that's good old stupidity at work.

[Staga]

Heh quite embarrassing

[ra]

Absent Bush’s dividend-tax cut, Heinz Kerry’s overall tax rate would have been around 18 percent—less embarrassing than 12, but still way below what your typical middle-income-salary type pays if you include Social Security and Medicare, which total 15.3 percent of the first $87,900 of salary this year, 2.9 percent of everything above that.

MSNBC likes Kerry.  Newsweak likes Kerry.  And this article is the best they could do for his wife.  That is sad.

[capt. apathy]

I don't see how any of this ever said anything bad about her or Kerry himself.

it does blow some big holes in Bush's thought that the wealthy are over taxed and needed the tax cuts he delivered to save them from starvation.

assuming that she was legally entitled to all her deductions of course.

[Silat]

Originally posted by capt. apathy
I don't see how any of this ever said anything bad about her or Kerry himself.

it does blow some big holes in Bush's thought that the wealthy are over taxed and needed the tax cuts he delivered to save them from starvation.

assuming that she was legally entitled to all her deductions of course.

It doesnt say anything bad. But the right has tried to smear her about the taxes. It is IRONIC:)

[Toad]

Originally posted by capt. apathy
it does blow some big holes in Bush's thought that the wealthy are over taxed and needed the tax cuts he delivered to save them from starvation.

I don't believe that's the point Bush makes/made.

I think the point is we all pay taxes and a tax cut should apply to all taxpayers.

There are those people, I guess, who were never good at math and can't figure out why a percentage tax cut will return the most tax money to people who paid the most to begin with.

Just one of those baffling mysteries of math for some, I guess.

[senna]

Which form do use to pay 12% taxes?

[Charon]

Which form do use to pay 12% taxes?

With the current tax cuts, a good accountant and the right tax-free investments it's quite easy to do legally. I think most major corporations only pay about 17 percent or so.

Charon

[capt. apathy]

Originally posted by Toad
I don't believe that's the point Bush makes/made.

I think the point is we all pay taxes and a tax cut should apply to all taxpayers.

There are those people, I guess, who were never good at math and can't figure out why a percentage tax cut will return the most tax money to people who paid the most to begin with.

Just one of those baffling mysteries of math for some, I guess.

that may be the point Bush was trying to sell, but it simply doesn't add up.

obviously if someone makes more, and therefore pays a higher tax, then with an even and equal tax cut for everyone, those who pay more money would also save more.  but that isn't what is really happening here.

it's not like someone is complaining that she saved a couple of dozen million while I only saved $100.  it's saying that pre tax cut she paid 18% and after Bush's cuts she payed 12%.  thats a 33% reduction in total tax paid.

did they knock a 3rd off your tax bill?  not mine.

in 2000 the average tax rate was just over 16%.  so before the Bush cuts she was paying a higher rate than that of the average American, but thanks to Bush's cuts she is now taxed at a rate 25% lower than the average American.

I can't believe the republicans are even talking about this since (assuming the return was legal) it was their tax cuts that saved the wealthiest Americans from the heavy burden of an additional 2% over the average.

[Toad]

Hold on there, amigo.

The 2001 Bush tax cut didn't cut a third off any rich dude's taxes. There are minimal reductions in percentage tax rates of the 2-3 higher brackets.



Further, the bracket adjustment clearly favors the lowest income taxpayers.

Before the 2001 "Bush tax cut"



2004, after the 2001 "Bush tax cut"



Now, if you want to argue that extremely rich people can afford to pay the very best tax advisors, attorneys and investment people to decrease their tax burden, I'd agree. I'd also agree that that very, very rich have tax shelters available that are not available to lower bracket taxpayers. But you can't hang either one of those situations on Bush. It's been that way forever, under Presidents from both parties.

[Staga]

So why are AH's Rebs b1tching about Heinz-Kerry's taxes? Did she broke the law or what ?

[Staga]

http://www.hitechcreations.com/forums/showthread.php?s=&threadid=133068&highlight=Heinz

[Mini D]

It's a bit odd that the article quoted here makes it seem as if her taxes were so low strictly from tax cuts.  It makes little to no mention of loopholes in regards to Kerry.

Last year she paid $627,150 in taxes.  Prior to the Tax cut it would have been closer to $700,000.  That moves from 12.4% to 14% of her total income.

Yes.  It's all about the Bush tax cut.  Oh... the irony of not having a clue what you're reporting on, reading or posting about.

[Staga]

So Dejavu; What is the problems with Heinz Kerry's taxes?
Has she violated laws ?