Not a Parody
Not a Parody Huffington Paid Little Income Tax The candidate for governor has criticized "fat cats" for avoiding taxes. She denies taking advantage of loopholes and unfair deductions. August 14,...
...She said 2003 will be much different, thanks to the publication of her bestselling "Pigs at the Trough," which criticizes corporate greed and political corruption...
...Her expenses were high and income low during the last two years because of the cyclical nature of the publishing business, she said...
...She socializes with many wealthy and prominent people...
...August 14, 2003 By Rich Connell and Robert J. Lopez, Los Angeles Times Staff Writers TV commentator and author Arianna Huffington, who launched her campaign for governor with criticism of "fat cats" who fail to shoulder a fair share of taxes, paid no individual state income tax and just $771 in federal taxes during the last two years, her tax returns show...
...Huffington, who released her tax returns for the last two years to The Times, lives in an 8,000-square-foot home in Brentwood above Sunset Boulevard that is valued at about $7 million...
...In announcing her candidacy last week, Huffington blamed California's fiscal crisis, in part, on the corrupting influence of special interest groups that have helped "corporate fat cats get away with not paying their fair share of taxes...
...An author of nine books with a 10th on the way, Huffington, 53, said her tax returns provide only a partial view of her finances over the last two years...
...Failing to close corporate tax loopholes, she argued, would "be a slap in the face of all the hard-working taxpayers being forced to dig deeper and deeper in their pockets so the well-connected can pad their bottom line...
Vol. 8 • August 2003 • No. 47
