Are these Obama supporters really Republicans or are they hypocrites?
Rock star Jon Bon Jovi apparently only paid $100 worth of property taxes in the last fiscal year because he uses the land to raise bees- a move that receieves government subsidies, and was joined by fellow New Jersey-native Bruce Springsteen who got money back for leasing land to an organic farmer.
Both media mogul Ted Turner and former NBA star Scottie Pippen receive farm subsidies for land that they own.
Rather than profiting from his land, famed music producer Quincy Jones- credited with driving Michael Jackson to his success- received a $250,000 award from the National Endowment of the Arts.
These subsidies come through unemployment checks, Social Security payments, farm subsidies and numerous tax credits.
The report notes that in tax year 2009, nearly 1,500 millionaires paid no federal income tax.
'From tax write-offs for gambling losses, vacation homes, and luxury yachts to subsidies for their ranches and estates, the government is subsidizing the lifestyles of the rich and famous.
'This welfare for the well-off -- costing billions of dollars a year -- is being paid for with the taxes of the less fortunate, many who are working two jobs just to make ends meet, and IOUs to be paid off by future generations.'
A report, which compiled government data mostly over the last five years, showed payments to millionaires for programs like Social Security, unemployment and farm subsidies totalled about $1.6 billion annually.
Michael Moore has claimed he has never owned stocks but the truth is, according to tax returns filed with the IRS, he has owned shares in Halliburton, numerous oil companies, defense contractors and other multinationals through a tax shelter.
Ted Kennedy likes to pose as the Robin Hood of the Senate, forcing wealthy Americans to pay their taxes to help the poor. But I discovered that Kennedys record of actually paying taxes is horrible. Tax the inheritance tax. He says that Americans should pay 49% to the IRS when they die in the name of “social justice.” But according to public records, the Kennedys have almost completely avoided contributing to “social justice” by placing their assets in trusts that are located overseas. The Kennedys, over the past thirty years, have paid less than 1% in inheritance taxes on more than $300 million. Ted Kennedy, like Hillary Clinton and George Soros, loves higher taxes. On other people.
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