|
From the NewsMax.com Staff
|
|
For the story behind the story...
|
Tuesday, May 10, 2005 5:28 p.m. EDT
Sen. Kennedy Makes Tax Gaffe
A published report says Senator Ted Kennedy has received tax breaks on his Washington home, even though he does not qualify for the deduction.
Kennedy's staff tells the Boston Herald that the senator never applied for the tax break and apparently received it in error. A spokeswoman says Kennedy plans to reimburse the District of Columbia government for the money.
Story Continues Below
A review of tax and real estate records by the Kansas City Star found that Kennedy was one of 22 senators who took the so-called Homestead Exemption in 2003 and 2004.
But the deduction is meant only for homeowners who call D.C. their principal residence, and Kennedy remains a Massachusetts resident.
He reportedly stood to save about $7,700 this year on the tax bill for his $4.5 million dollar Washington home.
© 2005 Associated Press.
Editor's note:
Own a piece of authentic Ronald Reagan history – Click Here now!
Become a member of NewsMax’s "Land of the Free, Home of the Brave" Club – get the T-shirt – Click Here Now
Your Success Depends on How You Speak – Find out the power of "Success Talk" – Click Here Now
Inside Cover Stories
FBI Seeks 2 Mysterious Men on Ferry

Publisher: Conservatives Do Read As Much As Liberals

Romney Shrugs Off Mormon History Film

Bob Grant to Return to Radio

Carville Seeks Perfect '08 Bumper Sticker
More Inside Cover Stories