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2008-12-24 Home Front: Politix

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Posted by Fred 2008-12-24 00:00|| || Front Page|| [11130 views ] Top

#1 Kennedy Declines to Make Financial Disclosure

Back in 1935, Joseph Patrick Kennedy, Sr., purchased Merchandise Mart, a Chicago real estate company, and according to Schweizer:

in 1947, he divided its ownership among family members and put it in the form of a trust. [it] was not set up in their home state of Massachusetts, New York, Florida, or even California. This trust wasnt even domiciled in the United States. Instead the Kennedy trust was set up in Fiji.

Now why establish a trust on an island best known for headhunters? The Fiji-based trust allowed the Kennedys to avoid the possibility of scrutiny by the IRS and federal authorities, according to Schweizer. Worse, the sanctimonious Kennedy clan that demands the rich pay their fair share has an intricate web of trusts and private foundations that helps the family avoid the IRS.

For example, the family paid only $134,330.90 in estate taxes despite a family fortune thought to be between $300 and $500 million at the time of Joseph P. Kennedy, Sr.s death in 1969. That was a tax bill of .04 percent, and Schweizer informs us that the figure is based on the lower end of the estimated family fortune.

Posted by GolfBravoUSMC 2008-12-24 01:09|| 2008-12-24 01:09|| Front Page Top

#2 You know a Land Value Tax would end dynasties like these very quickly.

It's the only "good" tax.

Posted by Bright Pebbles 2008-12-24 04:01|| 2008-12-24 04:01|| Front Page Top

#3 Maybe she should become the Senator of Suva?

Posted by Besoeker 2008-12-24 07:44|| 2008-12-24 07:44|| Front Page Top

#4 As well as the Duchess of Manhattan. Royalty can have as many titles as they want, after all.

Posted by Grunter 2008-12-24 08:56|| 2008-12-24 08:56|| Front Page Top

#5 I wanna be Master of the Presidential Hounds, altho I will settle for Chief Whipper-ThereIn.

/boooooooooooootssssssss!

Posted by .5MT 2008-12-24 09:43|| www.cybernations.net]">[www.cybernations.net] 2008-12-24 09:43|| Front Page Top

#6 New York should be ashamed to even consider these carpet baggers. If you live part time in Manhattan you are not really a New Yorker. If you lived in Washington DC/Arkansas/Chicago you are not really a New Yorker.

Yes it works while signing baseball players but it's an embarrasment for politics.

Cuomo should say NY doesn't need a Red Socks fan as Governor and let her either (a) badmouth the Red Socks or (b) be dumped from consideration for the Bostonian she is.

Posted by rjschwarz 2008-12-24 10:50|| 2008-12-24 10:50|| Front Page Top

#7 So far, we have Princess Caroline of Hyannis Port, Duchess of Manhattan, Senator from Suva, Dame Warden of the Red Sock.

Posted by Grunter 2008-12-24 11:34|| 2008-12-24 11:34|| Front Page Top

#8 After the ONE'S comparison to JFK and Camelot, does this come as any surprise??

Posted by WolfDog 2008-12-24 11:40|| 2008-12-24 11:40|| Front Page Top

#9 Would you deny the Infanta Kennedy her birthright? What a bunch of sniveling peasants!

Posted by DMFD 2008-12-24 14:29|| 2008-12-24 14:29|| Front Page Top

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