7/13/2004

Phony Liberals dodge taxes while raising yours. Here's Edwards, Mr. Liberal who wants to raise YOUR taxes:

Senator Edwards talks about the need to provide health care for all, but that didn't stop him from using a clever tax dodge to avoid paying $591,000 into the Medicare system. While making his fortune as a trial lawyer in 1995, he formed what is known as a "subchapter S" corporation, with himself as the sole shareholder.

Instead of taking his $26.9 million in earnings directly in the following four years, he paid himself a salary of $360,000 a year and took the rest as corporate dividends. Since salary is subject to 2.9% Medicare tax but dividends aren't, that meant he shielded more than 90% of his income.
This is just the beginning of "outing" these people and look for more. But Tereeeezzzahhh won't show us hers, just wait for somebody to get her. Story is HERE. Gotcha journalism on the right (never the Left when it's one of theirs) will somehow get her daisy chain charity dodges.

1 comment:

Anonymous said...

The rich do not dodge taxes , they write tax law.

Everybody in the Presidential race is rich.

They all take advantage of the tax system.

Some call questioning the tax system class warfare.

It is, working people lost.