Remember, the left support having higher-earning people pay more in income taxes!
Richard Pollock | 10:42 PM 04/25/2016
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 an analysis by The Daily Caller News Foundation.
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.
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.
There’s more at the original, but this is hardly a surprise; remember how the esteemed Mr Kerry berthed his luxury yacht — the one he ordered from a boat builder in New Zealand rather than employing Americans — in the nautical tax haven of Rhode Island? When the scandal broke, then Senator Kerry promised that he would go ahead and voluntarily pay the Massachusetts taxes he avoided, but almost two years later he had still not done so.
I suppose that it’s easier to advocate higher taxes on the top producers if you are already using every trick in the book to avoid as much tax liability as you can.
When the left say that they support higher taxes on the top producers, they mean Republican businessmen; they don’t mean themselves.