Wednesday, August 17, 2005

What It Takes To Be Governor

According to the AP, both contenders in the New Jersey Gubernatorial race, Doug Forrester and Jon Corzine, made big contributions to Uncle Sam last year.

Interestingly, both candidates have roughly the same income. Forrester edged out Corzine last year by $200,000 when he paid $3.7 million on an adjusted gross income of $12 million. Corzine recorded a measly income of $11.8 million and paid $1.3 million in taxes.

2 Comments:

At 8:50 PM, Blogger Enlighten said...

Interesting that you didn't note the tax Corzine paid. Why didn't you? Could it be because Corzine paid a couple of million less?

Corzine Tax paid - $1.3 million
Forrester Tax paid - $3.7 million

Yes, we know why - for the most part Forrester's was earned income and Corzine's was from investment income. That's why Corzine's call for increased federal income tax rates on the "wealthy" is so hypocritical.

Corzine, Heinz-Kerry, Kennedy and the other liberal rich Dems don't derive much of their income from “earned income” and so are not impacted by the tax increases they want imposed on others.

We're aren't advocating the capital gains tax be increased, just an end to Corzine and his pals' hypocrisy.

Thanks for the post, it should be instructive to your readers.

 
At 9:29 PM, Blogger Jack said...

Democrats usually advocate higher taxes on capital gains. In fact, a lot of that "liberal rhetoric" that you hate is Democrats railing against Republican tax cuts that largely benefit unearned income.

 

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