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| Kerry and Heinz Family Have Millions Invested In Offshore Tax Havens |
| 2016-04-26 |
| [Daily Caller] Secretary of State John Kerry and his wife Teresa Heinz have invested millions of U.S. dollars through family trusts in at least 11 offshore tax havens, according to The Daily Caller News Foundation's Investigative Group. The revelation comes on the heels of the release of the Panama Papers, a treasure trove of 11.5 million legal and financial records documenting how some of the world’s richest and most powerful people have used offshore bank accounts to conceal their wealth and avoid taxes. Since the release of the papers, no American politician has been identified as using the secretive offshore accounts. But a DCNF investigation has confirmed that the former Massachusetts Democratic senator and his billionaire wife, using an elaborate set of Heinz family trusts, have invested "more than $1 million" each into 11 separate offshore accounts -- mainly hedge funds in the Cayman Islands. |
| Posted by:Besoeker |
| #9 How about flat tax, 10% on personal income, 15% on partnership or sole-proprietor businesses, 20% on corporation businesses. No deductions other than children (dependents), mortgage (only on primary residence), and low income (Earned Income Credit)? No tax shelters, few accountants, very few lawyers, very few IRS agents needed. And audit the fed. |
| Posted by: Don Vito Trotsky5889 2016-04-26 23:04 |
| #8 So for everyone bashing him and her family you need to take a hard look in the mirror. The USG is throwing money away. That money is tax dollars taken from you. At this rate out government will fail. The money looses it values and our government is in line historically to fall. If you were worth billions burying enough money for your extended family to survive is good commons sense. They are worth billions and they stashed 11 million? Chump change. A lot less than I would have done. Imagine the exodus if Bernie looks to beat Hillary. Everyone will divest their cash into shelters because he already said he would come for it. |
| Posted by: 49 pan 2016-04-26 17:33 |
| #7 Congress has had DECADES to simplify and reform the Federal tax code, and they have not done squat. They cannot live within their budget. They know how to spend. They know how to game the system. They take no responsibilities, and they do not utilize their powers to fulfill their responsibilities. In short, they take in huge amounts of revenue, and give little value in return. |
| Posted by: Alaska Paul 2016-04-26 16:10 |
| #6 Frank G: Yup. That's why this is ultimately a story about corruption, not taxes. |
| Posted by: Iblis 2016-04-26 15:35 |
| #5 Secretary of State John Kerry and his second wife's first husband's trust fund... FIFY! |
| Posted by: Raj 2016-04-26 14:14 |
| #4 that would be fine, except the rich progressives routinely denounce Middle America for resisting attempts to confiscate more of their lesser wealth. The hypocrisy reeks |
| Posted by: Frank G 2016-04-26 11:54 |
| #3 They would be foolish not to. One of the arguments against steeply progressive tax rates is that it disproportionately affects people trying to climb the ladder. People who are used to having money know how to manage it and their tax burden. Only people who are new to making big money pay the highest tax rates. |
| Posted by: Iblis 2016-04-26 11:08 |
| #2 Since the release of the papers, no American politician has been identified as using the secretive offshore accounts. Get ready for a double bonus round of Name That Party. |
| Posted by: Matt 2016-04-26 09:35 |
| #1 One set of standards for us, one for them. Don't question them, peasant. |
| Posted by: DarthVader 2016-04-26 08:55 |