Kerry's campaign has stoutly insisted that he will pay off the mortgage himself, with no help from his rich wife. Let's see: According to tax returns released by his campaign, in 2002, Kerry's income was $144,091. But as The Washington Post recently reported, even a $5 million mortgage paid back over 30 years at favorable interest rates would cost $30,389 a month -- or $364,668 a year.
I wondered about that. Thanks for the numbers. After all the election smoke has faded I think Theresa will "buy back" John's half, and subvert the election finance laws. Or maybe the bank thought he was shoo-in for the presidency and that whopping salary. Or it is possible he will pay it out of his office holders expense account which is several million, much of which does not have to be accounted for. They, the politicians, all live high off the hog on that account. They couldn't operate in the higher echelons of society on a measly $150,000 yearly salary.
KM |
