Sen. John Kerry and his wife are among the 400 richest Americans. He had “a plan to tax the rich.”<quoted text>
It's because the left talks to the left. The more contradictory or counterintuitive it sounds to us, the more sense it makes to them.
According to analysis by the Argus Group, a well respected tax law and economics firm, the Kerrys’ average tax rate would only increase to 15.2 percent while many small businesses' average rate would rise by 4.0 percentage points to as high as 35 to 40 percent.
Last year, Mr. Kerry and his wife paid only 13.4 percent of their declared $5.5 million income in federal taxes.
President and Mrs. Bush, whose income was only 15 percent of the Kerrys’, paid a tax rate more than twice as high, 27.7 percent.
Mr. Kerry was not proposing increased taxes on those who are already rich but increasing taxes on those who are trying to become rich making it more difficult for people to join his club of the very wealthy.
Sen. John Edwards, Kerry's running mate, shared this tax hypocrisy. Mr. and Mrs. Edwards paid an average tax rate of only 5.1 percent on their reported $434,000 of income.
Obviously, the public is not given the full story.
Not one reporter asked Kerry about the hypocrisy of his tax positions.