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Politics : The American Spirit Vs. The Rightwing -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (1654)	10/12/2004 2:15:51 PM
From: Jagfan	Read Replies (2) \| Respond to of 1904

The two major tax loopholes that Teresa Heinz Kerry could exploit to drastically reduce her taxable income are trusts and 'charities'. Income can be sheltered in trusts where it remains untouched by taxation until it is spent. In the meantime the value of the trusts continues to rise. 'Charities' are also a favourite dodge of the leftist elite. When most people think of charities they imagine orphanages, school grants, medical foundations, etc. However, in the leftist world of the likes of Teresa Heinz Kerry leftwing political organisations also count as charities. For example, using the Heinz Family Philanthropies and the infamous Tides Foundation, she has been able to channel tax-free funds into anti-American, anti-Israel and even pro-terrorist groups. (One of the beneficiaries of her largess, the Ruckus Society, is planning to disrupt the GOP's New York convention). That Teresa Heinz Kerry has deliberately circumvented the law in the name of charity in order to finance these vicious groups is in itself an immoral act, and one that bears investigating by the IRS. newaus.com.au