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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: unclewest who wrote (75233)	10/6/2004 1:17:07 PM
From: Captain Jack	Respond to of 793868

True-- and $600K is NOT peanuts! Tax evasion -- would Kerry love that? I would!

To: unclewest who wrote (75233)	10/6/2004 2:39:37 PM
From: Neeka	Read Replies (1) \| Respond to of 793868

There will be allot of people looking into John Edward's subchapter S corp tax liability. Per our CPA.....in order to avoid IRS scrutiny we were advised to take no more than 50% of earnings in the form of dividends. This is perfectly legal under US tax codes. John Edwards went beyond the pale in 1995 (so far the only year that has been mentioned in on line articles) by claiming $360,000 of regular income on $26.9 million earnings. If that had been you or me we would have been audited. So I really does depend on who you know.