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  1. #1
    Senior Member European Knight's Avatar
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    Thumbs up Report: John Kerry and Teresa Heinz Hiding Millions in Offshore Tax Havens

    Not spreading the wealth?

    4.26.2016 Tiffany Gabbay

    It's always a case of "Do as I say, not as I do" with liberals. Particularly when it comes to personal finance.

    The Left is forever telling American citizens they need to pay their "fair share" and advocating "spreading the wealth around." The Left also likes to penalize both companies and individuals who seemingly attempt to avoid paying part of their exorbitant taxes by way of clever accounting practices or keeping money offshore.

    It comes as no surprise then, that added to the list of prominent, alleged, left-wing tax-evaders are Secretary of State John Kerry and his wife Teresa Heinz. The Daily Caller reports:

    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.

    The highest personal income tax rate in the United States is 39.6 percent and the US has the highest corporate tax rate among the 34 industrialized nations. According to the the Tax Foundation, the combined top federal tax rate on equity-financed corporate income is 50.47 percent. And, in a ranking of corporate tax rates across 173 nations, the US places third, behind Chad and the United Arab Emirates.

    The issue is that everyday citizens do not have the access or resources to hide their money offshore the way wealthy hypocrites like Kerry do. Perhaps Democrats should address the highway robbery being committed on U.S. citizens and companies that would compel anyone -- left or right -- to hide their hard-earned money any way they can.




    Report: John Kerry and Teresa Heinz Hiding Millions in Offshore Tax Havens



  2. #2
    Senior Member Captainron's Avatar
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    The more I think about it the more rotten it becomes. Here locally, we have been working to halt billions and billions of public works projects government cronies have been dreaming up. It never seems to stop. We're now Democrat controlled----which is not to say that local Republicans haven't also sought to gorge at the public trough.

    So far we have cut off some of their big local agendas. There always seems to be more, these days.
    "Men of low degree are vanity, Men of high degree are a lie. " David
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  3. #3
    Senior Member Judy's Avatar
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    We need the FairTax which among many other crucial benefits for the American People, ends all motives to store money off shore and instead encourages investment and holdings here so the money is at work for our economy.

    HR 25 in the US House of Representatives and S 155 in the US Senate.
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    Senior Member European Knight's Avatar
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    Of course there would be some how to watch over banksters but since voters gave 100% trust in "Yes we can" or "Yes weekend" but now fortunately it's "Yes we end"

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    This is another part of the rigged system!

  6. #6
    Super Moderator Newmexican's Avatar
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    John Kerry, IMO is the gold digger that married the gold digger. He doesn't pay his "fair share". From 2013.
    John Kerry Saves $500,000 By Docking 76-Foot Luxury Yacht Out Of State


    07/23/2010 10:09 am ET |
    Updated Jul 05, 2013

    BOSTON (AP) — Massachusetts Sen. John Kerry is docking his family’s new $7 million yacht in neighboring Rhode Island, allowing him to avoid paying roughly $500,000 in taxes to the cash-strapped Bay State.

    If the “Isabel” were kept at the 2004 Democratic presidential nominee’s summer vacation home on Nantucket, or in Boston Harbor near his city residence, he would be liable for $437,500 in one-time sales tax. He would also have to pay $70,000 in annual excise taxes.

    Rhode Island repealed those taxes in 1993. That has made the state something of a nautical tax haven.

    Kerry spokesman David Wade said Friday the boat is being kept at Newport Shipyard not to evade taxes, but “for long-term maintenance, upkeep and charter purposes.”

    Wade noted the vessel was designed by Rhode Island boat designer Ted Fontaine and purchased in the state. It was built in New Zealand by Friendship Yachts.

    A Department of Revenue spokesman said Kerry would be liable for Massachusetts taxes if he berthed the boat in the Bay State within six months of its purchase. If the “Isabel” were brought to Massachusetts after that period, the state would have to decide if it wanted to pursue the taxes.

    Massachusetts, like most other states, has been grappling with plunging tax revenues. Last year’s budget decifict was $600 million, and officials are bracing for a $1 billion deficit this year.

    The 76-foot sloop has two cabins, a pilot house fitted with a wet bar and cold wine storage, according to the Boston Herald, which first reported its Rhode Island berthing. It derives its moniker from the middle name of Kerry’s mother and the name his wife, Teresa Heinz, planned to give a daughter.

    Instead, she had three sons.

    Coast Guard registration records show the vessel is owned by Great Point LLC, a limited liability corporation based in Pittsburgh, Heinz’s longtime home. The millionaire heiress to the Heinz ketchup fortune is a philanthropist and
    environmentalist.

    http://www.huffingtonpost.com/2010/07/23/john-kerry-saves-500000-b_n_656985.html



  7. #7
    Super Moderator Newmexican's Avatar
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    Going back a little further...
    Kerry's Ketchup Money



    The ketchup money can't be tapped, but Sen. John Kerry's personal wealth owes something to the extensive holdings of his wife, Teresa Heinz Kerry, an heir to millions after the 1991 death of her first husband.

    Mr. Kerry, the front-runner for tomorrow's Democratic primary in New Hampshire, in December lent his campaign $850,000 from his own considerable fortune. Most recently, he injected about $6 million from a mortgage of his share of his home.

    Forbes magazine estimates the couple's wealth at $550 million, which includes Mrs. Kerry's inheritance from her late husband, Sen. H. John Heinz III of Pennsylvania, who was part of the Heinz food-product empire.

    The figure makes Mr. Kerry the wealthiest member of Congress, although campaign-finance law makes his wife's inheritance off-limits.

    The couple's holdings include major investments in Heinz interests, including several bond funds and family trusts, according to financial-disclosure forms filed last year.

    Mr. Kerry, who worked as a lawyer before entering Congress, has insisted that the bulk of the family fortune belongs to his wife. The disclosure form lists investments and holdings worth between $400,000 and $1.8 million.

    Stock holdings include steady, long-term performers, including Microsoft, Wal-Mart and Walt Disney. It also notes "one painting held as investment" worth between $250,000 and $500,000, as well as ownership interest of the same amount in Thyme Square restaurant, although its location is not noted.

    The Kerrys' home, in Boston's upscale Beacon Hill neighborhood, was purchased jointly by the couple about the same time they married in 1995. The value is estimated at between $10 million and $12 million.

    Under federal election law, Mrs. Kerry cannot contribute more than $2,000 to her husband's campaign.
    Records show that Andre Heinz, Mrs. Kerry's son, contributed $2,000 to the campaign in March. There is no record of money coming from Mrs. Kerry.

    Bolstered by the Iowa caucus victory, the Kerry campaign set a goal of raising $1 million before tomorrow's New Hampshire primary. As of Friday, a little more than $800,000 had been tallied.
    Mr. Kerry announced in November that he would not seek matching funds, shortly after fellow candidate former Vermont Gov. Howard Dean said he would eschew such financing.

    There is a risk in self-funding, said Sheila Krumholz, research director of the Center for Responsive Politics, a D.C.-based group that tracks campaign finance.

    "They have to be certain that the money they are using is their own," she said. "And there are areas that would come back to haunt them, such as conflicts of interest. But I do not recall any scandals about candidates who have done this before."

    Mr. Kerry and Mr. Dean, both of whom have earned respectable ratings in national polls, are following a recent tradition that has been the domain of long shots: Republican Steve Forbes and Reform Party candidate Ross Perot funded their own candidacies in the 1990s.

    ONE of the surest ways to get the phones ringing on any Massachusetts talk-radio show is to ask people to call in and tell their John Kerry stories. The phone lines are soon filled, and most of the stories have a common theme: our junior senator pulling rank on one of his constituents, breaking in line, demanding to pay less (or nothing) or ducking out before the bill arrives.

    The tales often have one other common thread. Most end with Sen. Kerry inquiring of the lesser mortal: "Do you know who I am?"

    And now he's running for president as a populist. His first wife came from a Philadelphia Main Line family worth $300 million. His second wife is a pickle-and-ketchup heiress.

    Kerry lives in a mansion on Beacon Hill on which he has borrowed $6 million to finance his campaign. A fire hydrant that prevented him and his wife from parking their SUV in front of their tony digs was removed by the city of Boston at his behest.

    The Kerrys ski at a spa the widow Heinz owns in Aspen, and they summer on Nantucket in a sprawling seaside "cottage" on Hurlbert Avenue, which is so well-appointed that at a recent fund-raiser, they imported porta-toilets onto the front lawn so the donors wouldn't use the inside bathrooms. (They later claimed the decision was made on septic, not social, considerations).

    It's a wonderful life these days for John Kerry. He sails Nantucket Sound in "the Scaramouche," a 42-foot Hinckley powerboat. Martha Stewart has a similar boat; the no-frills model reportedly starts at $695,000. Sen. Kerry bought it new, for cash.

    Every Tuesday night, the local politicians here that Kerry elbowed out of his way on his march to the top watch, fascinated, as he claims victory in more primaries and denounces the special interests, the "millionaires" and "the overprivileged."

    "His initials are JFK," longtime state Senate President William M. Bulger used to muse on St. Patrick's Day, "Just for Kerry. He's only Irish every sixth year." And now it turns out that he's not Irish at all.

    But in the parochial world of Bay State politics, he was never really seen as Irish, even when he was claiming to be (although now, of course, he says that any references to his alleged Hibernian heritage were mistakenly put into the Congressional Record by an aide who apparently didn't know that on his paternal side he is, in fact, part-Jewish).

    Kerry is, in fact, a Brahmin - his mother was a Forbes, from one of Massachusetts' oldest WASP families. The ancestor who wed Ralph Waldo Emerson's daughter was marrying down.

    At the risk of engaging in ethnic stereotyping, Yankees have a reputation for, shall we say, frugality. And Kerry tosses around quarters like they were manhole covers. In 1993, for instance, living on a senator's salary of about $100,000, he managed to give a total of $135 to charity.

    Yet that same year, he was somehow able to scrape together $8,600 for a brand-new, imported Italian motorcycle, a Ducati Paso 907 IE. He kept it for years, until he decided to run for president, at which time he traded it in for a Harley-Davidson like the one he rode onto "The Tonight Show" set a couple of months ago as Jay Leno applauded his fellow Bay Stater.

    Of course, in 1993 he was between his first and second heiresses - a time he now calls "the wandering years," although an equally apt description might be "the freeloading years."

    For some of the time, he was, for all practical purposes, homeless. His friends allowed him into a real-estate deal in which he flipped a condo for quick resale, netting a $21,000 profit on a cash investment of exactly nothing. For months he rode around in a new car supplied by a shady local Buick dealer. When the dealer's ties to a congressman who was later indicted for racketeering were exposed, Kerry quickly explained that the non-payment was a mere oversight, and wrote out a check.

    In the Senate, his record of his constituent services has been lackluster, and most of his colleagues, despite their public support, are hard-pressed to list an accomplishment. Just last fall, a Boston TV reporter ambushed three congressmen with the question, name something John Kerry has accomplished in Congress. After a few nervous giggles, two could think of nothing, and a third mentioned a baseball field, and then misidentified Kerry as "Sen. Kennedy."

    Many of his constituents see him in person only when he is cutting them in line - at an airport, a clam shack or the Registry of Motor Vehicles. One talk-show caller a few weeks back recalled standing behind a police barricade in 2002 as the Rolling Stones played the Orpheum Theater, a short limousine ride from Kerry's Louisburg Square mansion.

    The caller, Jay, said he began heckling Kerry and his wife as they attempted to enter the theater. Finally, he said, the senator turned to him and asked him the eternal question.

    "Do you know who I am?"

    "Yeah," said Jay. "You're a gold-digger."

    John Kerry. First he looks at the purse.

    Howie Carr, a Boston Herald columnist and syndicated talk-radio host, has been covering John Kerry for 25 years.

    http://johnkerry-08.com/about/ketchup.php

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