Shocker! Bush And Cheney Pay Taxes!

Discussion in 'Politics' started by red states rule, Apr 17, 2007.

  1. red states rule

    red states rule Senior Member

    May 30, 2006
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    Libs always say the "rich" do not pay their fair share.

    Yet, Pres Bush and VP Cheney paid alot of money in taxes

    What happened?

    With April 15 nearing, Bushes and Cheneys do their taxes too
    Cheney pays too much, Bush donates $78,000 to charities including volunteer fire department.
    From Associated Press
    4:48 PM PDT, April 13, 2007

    WASHINGTON -- President Bush and the first lady paid $186,378 in federal taxes on their income of $765,801 for last year. Vice President Dick Cheney and his wife made twice as much and paid the tax man about $50,000 more than they owed.

    The president and Mrs. Bush contributed $78,100 to churches and charitable organizations, including the volunteer fire department in Crawford, Texas, where they own a ranch, according to their tax return, released Friday by the White House.

    The Bushes' adjusted gross income of $765,801 was about $30,600 higher than the year before. They paid $27,474 in state property taxes on the ranch -- up about $1,000 from the previous year.

    The return for the vice president and his wife, Lynne, shows that they owed federal taxes of $413,326 on overall taxable income of $1.6 million. But throughout last year, the Cheneys paid $464,789 in taxes, or $51,463 too much.

    Instead of taking a refund, the Cheneys elected to apply the overpayment to their 2007 tax bill.

    Bush's salary as president is about $400,000. Cheney's salary is slightly over $200,000.

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