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Old 04-16-2004, 09:25 AM   #15
madape
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Default RE:Kerry's Heinz 57 tax loophole

Now we're getting down to it... this is from Drudge:

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HEINZ ASSETS USED TO BOOST CAMPAIGN

In December '03, Kerry announced that he loaned his campaign $6.4 Million by mortgaging a share of a Boston home he jointly owns with his wife. Teresa Heinz Kerry paid cash for the Beacon Hill mansion in January 1995. But according To Kerry's own 1994 senate personal financial disclosure [signed May, 15, 1995], Kerry's own personal net worth was somewhere between a negative $130,000 to positive $34,995. The current loan on the house carries an annual interest payment of $200,000, records show, more than Kerry's $158,000 Senate salary.

Kerry's campaign insists he intends to pay off the 30-year mortgage himself. "Sen. Kerry is a man who has considerable assets," spokesman Michael Meehan explains. But Kerry's own financial disclosures show no assets sufficient to pay the loan -- or even a way to keep up with the interest payments!


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Convenient little business arrangement the Kerry's have going on there. You scratch my back, I scratch yours. Could it be that Kerry is paying back his wife for campaign contributions by writing in a tax loophole that will massively benefit her holdings in Heinz? Nahhh... that sort of stuff never really happens.

In a related note, Teresa Heinz Kerry refuses to release her tax records

Something doesn't smell quite right here, does it?
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