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Mavdog · 04-15-2004, 05:35 PM

First, John Kerry does not own any interest in Heinz Corp., and from the info in his tax filings he doesn't get a dime from Heinz.

Kerry pays his taxes

On the other hand, our current Vice President was paid $178,437 in 2003 by Halliburton, a company that has received over $6 BILLION in payments by the US Government. Kinda ironic that the AEP would target Kerry about Heinz, who pays him NOTHING, but fails to target Cheney about Halliburton. hmm, something stinks here, and it smells like dishonesty over at the AEP.

Second, the AEP article you linked to is wrong. It states:

"The other factor that harms U.S. competitiveness is the very high rate of U.S. corporate tax. Most other countries have reduced their corporate tax rates sharply in recent years. The U.S. has not, and the result is that we are now one of the highest tax countries on earth. In a recent paper I coauthored with my colleague Eric Engen, for example, we found that the U.S. corporate tax rate was 18 percent higher than the non-U.S. average in 2001"

Odd then that here is a factoid from a news editorial:
"According to recent reports, nearly 2 out of 3 U.S. companies paid no income taxes durng the five years ending in 2000"

So how can it be true that the United States is "one of the highest tax countries on earth"? Because it is not. Canada (and about a dozen others that I could find with a simple google search) has a higher corporate tax than the USA, but that must be too far away for the AEP to investigate.

How much does corporate America pay in income taxes you might ask? How about this bit of information: "Corporate tax payments are already at historic lows, less than 8 percent of all federal tax revenues"

Tax editorial

How about our leaders, surely they pay their taxes. right? Yes, they do, although they pay less due to the Bush tax cuts:
"According to calculations by Bloomberg News, tax cuts that Bush championed and last year signed into law saved his family about $23,000. They saved the Cheneys as much as $60,000.

A new 15% rate on dividend income saved the Bushes $2,586, and lower rates and tax breaks for married people saved them $20,600, according to Bloomberg calculations.

Cheney and his wife saved $19,855 in taxes on dividends they received and as much as $19,350 on capital gains from investments. Lower tax rates for couples saved them about $21,000, Bloomberg calculations showed"
Ouch, you mean they saved themselves alot of dough? And the AEP wants to lambast Kerry about a potential tax savings for a company he doesn't get a dime from? sorta odd, wouldn't you say?

Here's another interesting item: "A study by the General Accounting Office found that more than 60 percent of U.S. companies and 70 percent of foreign companies doing business here paid no income taxes".
What, NO income taxes? hmm, wonder what the AEP writer was thinking? Obviously he wasn't....

04-15-2004, 05:35 PM	#7
Mavdog Diamond Member Join Date: Jan 2002 Location: Texas Posts: 6,014	RE:Kerry's Heinz 57 tax loophole First, John Kerry does not own any interest in Heinz Corp., and from the info in his tax filings he doesn't get a dime from Heinz. Kerry pays his taxes On the other hand, our current Vice President was paid $178,437 in 2003 by Halliburton, a company that has received over $6 BILLION in payments by the US Government. Kinda ironic that the AEP would target Kerry about Heinz, who pays him NOTHING, but fails to target Cheney about Halliburton. hmm, something stinks here, and it smells like dishonesty over at the AEP. Second, the AEP article you linked to is wrong. It states: "The other factor that harms U.S. competitiveness is the very high rate of U.S. corporate tax. Most other countries have reduced their corporate tax rates sharply in recent years. The U.S. has not, and the result is that we are now one of the highest tax countries on earth. In a recent paper I coauthored with my colleague Eric Engen, for example, we found that the U.S. corporate tax rate was 18 percent higher than the non-U.S. average in 2001" Odd then that here is a factoid from a news editorial: "According to recent reports, nearly 2 out of 3 U.S. companies paid no income taxes durng the five years ending in 2000" So how can it be true that the United States is "one of the highest tax countries on earth"? Because it is not. Canada (and about a dozen others that I could find with a simple google search) has a higher corporate tax than the USA, but that must be too far away for the AEP to investigate. How much does corporate America pay in income taxes you might ask? How about this bit of information: "Corporate tax payments are already at historic lows, less than 8 percent of all federal tax revenues" Tax editorial How about our leaders, surely they pay their taxes. right? Yes, they do, although they pay less due to the Bush tax cuts: "According to calculations by Bloomberg News, tax cuts that Bush championed and last year signed into law saved his family about $23,000. They saved the Cheneys as much as $60,000. A new 15% rate on dividend income saved the Bushes $2,586, and lower rates and tax breaks for married people saved them $20,600, according to Bloomberg calculations. Cheney and his wife saved $19,855 in taxes on dividends they received and as much as $19,350 on capital gains from investments. Lower tax rates for couples saved them about $21,000, Bloomberg calculations showed" Ouch, you mean they saved themselves alot of dough? And the AEP wants to lambast Kerry about a potential tax savings for a company he doesn't get a dime from? sorta odd, wouldn't you say? Here's another interesting item: "A study by the General Accounting Office found that more than 60 percent of U.S. companies and 70 percent of foreign companies doing business here paid no income taxes". What, NO income taxes? hmm, wonder what the AEP writer was thinking? Obviously he wasn't....