Saturday, October 23, 2010

NY Times on millionaires like Jon Runyan

The New York Times has a new article on millionaires running for Congress:

Jon Runyan, who is running for Congress in New Jersey, found his 20-acre property —the long driveway and ornate black gate, the swimming pool, the plush red parlor — featured in a political ad of his Democratic opponent, John Adler. The ad pointed out that Mr. Runyan had purchased a donkey in an attempt to get a break on property taxes.

“Except Runyan doesn’t call it a house, he tried to call it a farm,” the ad’s narrator says.


Of course he'd like to eliminate estate taxes and capital gains taxes to help himself out more. Maybe then he'll sell the donkey.

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