A silver spoon moment squandered
Kean, whose only salaried job is state senator, which pays $49,000 a year, reported an income last year of $202,000, most of which came from stock dividends, trust holdings and capital gains from the sale of stocks. He received a $23,000 income tax return, making his effective federal income tax about $8,000. That works out to 4 percent of his income. I need to find a new tax accountant.
When Kean was questioned about his income taxes at a press conference with his dad earlier in the week, he said, "I think my tax burden is too high."
I'm amazed Menendez didn't exploit that opportunity to color Kean as an-out-of-touch kid of privilege.
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