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| Kerry Amends His Federal 1040 |
| 2004-04-17 |
| Democratic presidential candidate John Kerry has filed an amended 2003 federal income tax return to reflect that he had to pay $11,577 more in taxes. His campaign said Friday that the initial underpayment was due to an accounting error. Details here. The amended form, filed Thursday, said the tax on the sale of Kerry’s one-half interest in a painting by Dutch artist Adam Willaerts was inadvertently calculated at the 20 percent rate rather than the 28 percent rate. I do that all the time with the sale of all my paintings... Kerry’s original tax forms showed he paid $90,575 in taxes on adjusted gross income of $395,338. The amended return showed a total payment of $102,152, or nearly 26 percent of his adjusted gross income. Kerry files his returns separately from wife Teresa Heinz Kerry. And for good reason... |
| Posted by:Raj |
| #10 Kerry will probably have to amend the return a few more times because there are other errors. One error is not taking credit for the property tax he pays (he pays mortgage interest so I assume there is a PITI there). This should save him money. Of course if Teresa pays the property tax that would be pretty much a slam dunk campaign spending violation. |
| Posted by: mhw 2004-04-17 9:28:46 PM |
| #9 [Off-topic or abusive comments deleted] |
| Posted by: mhw TROLL 2004-04-17 9:28:46 PM |
| #8 Very sensible, John. I always said if you were put off by GWB's tax cut, you should leave a tip. Perhaps this counts... |
| Posted by: eLarson 2004-04-17 3:16:38 PM |
| #7 Richie Rich lol!! That Kerry won't release his wife's tax report is a gift that Karl Rove has got to love! |
| Posted by: B 2004-04-17 9:45:42 AM |
| #6 SHe bought and paid the mortgage on the house they he took a campaing load on. Thats why THK doesnt want to release her returns - it will show her linkage to all kinds of boderline financial shenanigans designed to circumvent campaign finance laws. Plus showing her worth bazillions and her paying all the bills makes him look like the blue-blood Richie-Rich he is instead of Lunch Bucket Jack he pretends to be. |
| Posted by: OldSpook 2004-04-17 9:38:42 AM |
| #5 Nurse Fuzzy-Wuzzy! Quinn the Eskomo lady. Weird couple I'd say. |
| Posted by: Lucky 2004-04-17 1:13:19 AM |
| #4 Beats the heck out of West Long Beach. Those refineries are smelly. But to the issue : A day without your Willaerts is like a day without sunshine. Kerry must be crushed! Then he has to pay $11577 more for the privelege of being crushed. And, Nurse Fuzzy-Wuzzy probably has to lend him the money! Then he's running for president and has to tell evebody he crushed at the loss of a Willaerts, and the wife is lending him the money to pay additional capital gains. And He wants to repeal "tax cuts for the wealthy". Is he a sadist? |
| Posted by: Anon_of_E-LB-Ca 2004-04-17 12:57:21 AM |
| #3 East Long Beach? |
| Posted by: Lucky 2004-04-17 12:44:31 AM |
| #2 He sold his Willaerts! Nobody sells their Willaerts. Unless his current income doesn't meet his spending needs. Or he has his eye on a Vermeer. If you've ever saved for a Vermeer you'd know that those things can really set you back! It's like saving for a new Cad. |
| Posted by: Lucky 2004-04-17 12:37:18 AM |
| #1 Nurse Fuzzy-Wuzzy - Can your patient borrow $11577. Please pretty please? Adam Willaerts would be so proud. He's a campaign issue hundreds of years after his death. |
| Posted by: Anon_of_E-LB-Ca 2004-04-17 12:35:09 AM |