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Front Page » July 29, 2004 » Opinion » Letter to the Editor: Start with his wife
Published 3,798 days ago

Letter to the Editor: Start with his wife


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By ROBERT CLAY
Jamal, Calif.

Editor:

According to HUD, the median family income for the US for 2003 was $56,500. After applying the standard deduction of $9500 for married filing jointly we end up with a taxable income of $47,000. This puts the average family in the 15% tax bracket. Kerry's wife, using tax shelters, managed to pay only an effective federal tax rate of 11.5%, compared with the top federal income tax rate of 35%. She paid $587,000 on an income of $5.1M.

If Kerry wants the rich to pay more he should start with his wife.


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