J
Johnny Morgan
Guest
Apparently they could BOTH live on John Edwards' new acreage.
From the Carolina Journal:
Presidential candidate John Edwards and his family recently moved into what county tax officials say is the most valuable home in Orange County. The house, which includes a recreational building attached to the main living quarters, also is probably the largest in the county.
“The Edwardses’ residential property will likely have the highest tax value in the county,” Orange County Tax Assessor John Smith told Carolina Journal. He estimated that the tax value will exceed $6 million when the facility is completed.
The rambling structure sits in the middle of a 102-acre estate on Old Greensboro Road west of Chapel Hill. The heavily wooded site and winding driveway ensure that the home is not visible from the road. “No Trespassing” signs discourage passersby from venturing past the gate.
http://carolinajournal.com/exclusives/display_exclusive.html?id=3848
My personal favorite is the "No Trespassing" signs--lest any of the have-nots want entry to the America that John Edwards lives in.
It's not the fact that he has the dough that bothers me--personal injury lawyers are people too (nominally). It's the hypocrisy of him--there's two Americas, and we need to fix that. But first, I'm going to build a home valued at or near $6 million.
Oh, by the way, I should mention the S Corporation he set up to avoid payroll taxes?
The idea is to do what Democratic vice presidential candidate and former North Carolina Senator John Edwards did back when he was a trial lawyer: Set up your practice as an S corporation, pay yourself a reasonable salary as an employee and then take the rest as S corp profits that are subject to income but not payroll taxes. (S corp profits aren't subject to corporate tax but are all passed through to an owner's return and taxed at ordinary income rates.)
Right now wages of more than $90,000 a year are subject to the Medicare tax, which amounts to 2.9% when both the employer and employee contributions are counted, but not to the combined employer-employee levy of 12.4% for Social Security. (Here it gets complicated: The self-employed pay both the employer and employee share but get to deduct the employer share of payroll taxes when calculating their net earnings for the purposes of both payroll and income tax.)
http://members.forbes.com/forbes/2005/0314/046a.html
Nice. Real nice. Get the government to help those have-nots...but John Edwards himself won't contribute to it. He's really just a blow-dried suit with a paper-meche hrpocrite inside.
It's really hard to take his Katrina talk seriously from behind those $6 million No Trespassing signs.
From the Carolina Journal:
Presidential candidate John Edwards and his family recently moved into what county tax officials say is the most valuable home in Orange County. The house, which includes a recreational building attached to the main living quarters, also is probably the largest in the county.
“The Edwardses’ residential property will likely have the highest tax value in the county,” Orange County Tax Assessor John Smith told Carolina Journal. He estimated that the tax value will exceed $6 million when the facility is completed.
The rambling structure sits in the middle of a 102-acre estate on Old Greensboro Road west of Chapel Hill. The heavily wooded site and winding driveway ensure that the home is not visible from the road. “No Trespassing” signs discourage passersby from venturing past the gate.
http://carolinajournal.com/exclusives/display_exclusive.html?id=3848
My personal favorite is the "No Trespassing" signs--lest any of the have-nots want entry to the America that John Edwards lives in.
It's not the fact that he has the dough that bothers me--personal injury lawyers are people too (nominally). It's the hypocrisy of him--there's two Americas, and we need to fix that. But first, I'm going to build a home valued at or near $6 million.
Oh, by the way, I should mention the S Corporation he set up to avoid payroll taxes?
The idea is to do what Democratic vice presidential candidate and former North Carolina Senator John Edwards did back when he was a trial lawyer: Set up your practice as an S corporation, pay yourself a reasonable salary as an employee and then take the rest as S corp profits that are subject to income but not payroll taxes. (S corp profits aren't subject to corporate tax but are all passed through to an owner's return and taxed at ordinary income rates.)
Right now wages of more than $90,000 a year are subject to the Medicare tax, which amounts to 2.9% when both the employer and employee contributions are counted, but not to the combined employer-employee levy of 12.4% for Social Security. (Here it gets complicated: The self-employed pay both the employer and employee share but get to deduct the employer share of payroll taxes when calculating their net earnings for the purposes of both payroll and income tax.)
http://members.forbes.com/forbes/2005/0314/046a.html
Nice. Real nice. Get the government to help those have-nots...but John Edwards himself won't contribute to it. He's really just a blow-dried suit with a paper-meche hrpocrite inside.
It's really hard to take his Katrina talk seriously from behind those $6 million No Trespassing signs.
