Word: zaccaro
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Dates: during 1980-1989
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...campaign schedule that she felt would be premature. Mondale and his aides feared they could not predict how she would react to heavy pressure on the financial disclosure issue. They also insist that Mondale felt confident such pressure would prove unnecessary: he had seen both Ferraro's and Zaccaro's tax returns, was convinced that the couple had nothing damaging to hide, and trusted they would see it that way too. In the end he proved to be right, but only after prolonged anxiety. For all the aplomb that she demonstrated at her press conference, Ferraro had also...
...disclosure last week that her parents were worth nearly $4 million was news even to Laura Zaccaro, 18. "Mom," she asked Geraldine Ferraro, "why do we always have to buy at sales?" The question was meant as a joke. Still, the mass of financial data released on the family's finances showed that the couple are indeed wealthy in terms of their varied real estate holdings, but far less so in cash income. Said Ferraro: "We're not flashy. We buy property and we maintain it, and it appreciates. That's what America is all about...
...their large nine-room Tudor home in the Forest Hills section of New York City, a vacation house on New York's Fire Island and a condominium apartment on St. Croix in the U.S. Virgin Islands. Ferraro separately owns four lots next to their Fire Island retreat, and Zaccaro has three similar lots there. The bulk of the family wealth, however, is possessed by Zaccaro, whose holdings were estimated at $2.75 million. He owns another condo in St. Croix and one in New York's Greenwich Village, and has interests in six Lower Manhattan buildings. Apart from real...
Despite that impressive figure, their tax returns for the past six years show that Zaccaro and his wife may not have had much money to spare after maintaining three joint residences, plus her separate apartment in Washington, and putting three children through private schools. Over the past five years, they paid an average of 40% of their gross income annually in taxes, leaving them an average $103,035 in combined yearly income. This varied from a low of $80,188 in 1981 to a high of $150,982 last year...
Except for trips to St. Croix, there is no indication the Zaccaro family traveled widely, except on business, or entertained expensively. They have paid off the mortgages on their Forest Hills and Fire Island houses, purchased in the 1960s...