Edwards tried to play the class warfare angle by saying “a millionaire sitting by their swimming pool, collecting their statements to see how much money they’re making, make their money from dividends, pays a lower tax rate than the men and women who are receiving paychecks for serving on the ground in Iraq.”
Of course many of those coupon clippers are senior citizens. But note also that troops in Iraq and many other countries fall under the Combat Zone Tax Exclusion. Earnings there are excluded from taxable income.
Pathetic for the Kerry-Edwards team to try to pit Soldiers against Seniors that way…