For a long time Steve Forbes has been advocating a flat tax. He says this is the only way to make sure the rich pay their fair share of taxes due Uncle Sam.
Now we know why Steve Forbes wants the flat tax. Wealthy individuals such as Teresa Heinz Kerry pay less in taxes, proportionately, than does the median U.S. family.
This fact was illustrated to us by a NewsMax reader, Robert Clay of California.
Mr. Clay writes:
"According to HUD, the median family income for the U.S. for 2003 was $56,500. After applying the standard deduction of $9,500 for married filing jointly we end up with a taxable income of $47,000. This puts the average family in the 15 percent tax bracket. Kerry's wife, using tax shelters, managed to pay only an effective federal tax rate of 11.5 percent, compared with the top federal income tax rate of 35 percent. She paid $587,000 on an income of $5.1M.
"If Kerry wants the rich to pay more he should start with his wife."
Despite the release of partial financial information, John and Teresa Kerry have not explained why, if it's so important for the evil rich to pay more taxes, they didn't add a voluntary addition to their check to the IRS.
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Hoyt Carbon Element RKT Blackout
Axcel Armourtech HD Sights
Easton Arrows
United Bowhunters of Pa. Member
Rocky Mountain Elk Foundation
Here we go again! Cmon FNG shouldn't you be burning flags tonight? Your line of thinking is like the Italian defenses in Iraq! Change your name to Robin Hood.. you believe in taking from the rich and give to the poor! I think she paid her share and so did we all!
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"I shot em down, one by one and left em on the rails. I use my guns whenever kindness fails." REK
Why would anyone NOT take advantage of legal loopholes when filing taxes? By the way..........many corporations pay nothing in taxes.
Actually no corporations pay taxes... How can something that doesn't breathe or have blood pumping through its veins pay taxes?
Shareholders of corporations pay taxes on company gains through capital gains or dividends. If a corporation loses value or doesn't make any money in a given year, no tax is paid and in some cases the shareholders can claim a loss.
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Obamanfreude - 1. taking pleasure from the misfortunes of an Obama supporter as he or she is adversely affected by the policies of their Dear Leader.
Why would anyone NOT take advantage of legal loopholes when filing taxes? By the way..........many corporations pay nothing in taxes.
So the arguement the Democrats use about large corporations gettting huge tax breaks is BS, if they pay nothing anyway? Sounds like the same as welfare for the LAZY people out there. What's the difference?
Large child credits , just because people are irresponsible.
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Hoyt Carbon Element RKT Blackout
Axcel Armourtech HD Sights
Easton Arrows
United Bowhunters of Pa. Member
Rocky Mountain Elk Foundation
Do YOU pay more Taxes than the Kerry's?
