Kerry's taxes

[Fish Fillet]

From CNN....

 

BOSTON, Massachusetts (AP ) -- Democratic presidential contender John Kerry paid $90,575 in federal taxes on $395,338 in adjusted gross income last year, according to copies of his federal returns released Tuesday by his presidential campaign.

 

The federal tax bill amounted to about 23 percent of his income. Kerry also gave $43,735 to charity.

 

Under 23 percent of his income??? I paid almost 10 percent higher than that on about 7 times less income.

 

Anyways, when Dems start extolling the virtues of Kerry as Pesident I don't mind. I figure that everyone is entitled to their opinion. But please, please don't start waxing philosophic about how Kerry/Dems are the party of the working class, blah blah blah.

 

It makes me crazy when Democratic supporters try to paint Kerry (or any other Dem candidate) as some kind of a "man of the people" who is out to help the middle class (whatever that is) in their never ending fight against those rich bastards who are out to get them.

[Clapinski02]

Does anyone have the Bush tax info? I remember reading it yesterday, but can't find it anywhere now.

Thanks.

[Flying_Mollusk]

From CNN....

 

BOSTON, Massachusetts (AP ) -- Democratic presidential contender John Kerry paid $90,575 in federal taxes on $395,338 in adjusted gross income last year, according to copies of his federal returns released Tuesday by his presidential campaign.

 

The federal tax bill amounted to about 23 percent of his income. Kerry also gave $43,735 to charity.

 

Under 23 percent of his income??? I paid almost 10 percent higher than that on about 7 times less income.

 

Anyways, when Dems start extolling the virtues of Kerry as Pesident I don't mind. I figure that everyone is entitled to their opinion. But please, please don't start waxing philosophic about how Kerry/Dems are the party of the working class, blah blah blah.

 

It makes me crazy when Democratic supporters try to paint Kerry (or any other Dem candidate) as some kind of a "man of the people" who is out to help the middle class (whatever that is) in their never ending fight against those rich bastards who are out to get them.Wow...you pay 33% in taxes and you make that much less than Kerry? Um you might want to go talk to someone. Kerry's tax percentage fits his bracket. He is a top 10% wage maker so he pays around 23%. I imagine it is a little less because of his contributions to charity.

 

http://www.taxfoundation.org/prtopincometable.html

 

Based on what you have said fish fillet, you pay less than George Bush despite the fact that Bush makes aroud twice as much as Kerry and hence even a lot more than you. :mischief2

 

 

http://www.cnn.com/2004/ALLPOLITICS/04/13/...x.ap/index.html

 

Seriously dude. Go talk to an accountant. Btw, success in life does not preclude someone from advocacy of all. Perhaps you should rethink your statement on democrats. Base it on a little more subtance.

[Hotcorner]

here's Bush & Cheney's numbers

 

(AP) -- President Bush and Vice President Dick Cheney reaped tax benefits last year from the cuts that they pushed through Congress.

 

The government's top two executives, both wealthy men, paid smaller shares of their income in federal taxes in 2003 than in the year before, according to returns released Tuesday by the White House.

 

Bush and his wife, Laura, paid $227,490 in federal income taxes ? or about 28 percent of their $822,126 in adjusted gross income. For 2002, the Bushes paid about 31 percent of their adjusted gross income ? which was slightly higher at $856,056 ? in federal taxes, for a total of $268,719.

 

The difference from one year to the next was even more pronounced for Cheney. He and his wife, Lynne, owed $253,067 in 2003 federal taxes ? about 20 percent of their $1.3 million in adjusted gross income. In 2002, the Cheneys earned less but paid more, owing 29 percent ? or $341,114 ? of their $1.2 million in income.

[RippyO]

Bush may make more than Kerry at their respective jobs, but Kerry is worth far more. The better question is, how much did Teresa Heinz-Kerry have to pay with regards to last year?

[SorianoFanHFW]

How does rich people getting away with murder surprise us anymore?

[Shaq-Man]

Wow...you pay 33% in taxes and you make that much less than Kerry? Um you might want to go talk to someone. Kerry's tax percentage fits his bracket. He is a top 10% wage maker so he pays around 23%. I imagine it is a little less because of his contributions to charity.

$400,000 of annual income is most certainly not just a "top 10% wage maker"

 

he's comfortably within the wealthiest 1%

[SorianoFanHFW]

and isn't he supposed to be paying 40%?

[Flying_Mollusk]

Wow...you pay 33% in taxes and you make that much less than Kerry? Um you might want to go talk to someone. Kerry's tax percentage fits his bracket. He is a top 10% wage maker so he pays around 23%. I imagine it is a little less because of his contributions to charity.

$400,000 of annual income is most certainly not just a "top 10% wage maker"

 

he's comfortably within the wealthiest 1% Youre right, but his rate is probably lower I imagine for various reasons.

 

 

I also imagine this is all fluff from both sides. Id expect not to read so much into these tax returns. Im more suprised by how much fish fillet claims he pays in taxes.