Bushes, Cheneys enjoy tax cuts

[devilgrrl]

Are you kids enjoying your tax cut? :eyes:




Bushes, Cheneys enjoy tax cuts

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By Jennifer Loven


April 13, 2004  |  WASHINGTON (AP) -- President Bush reported $822,126 in adjusted gross income for last year, on which he paid $227,490 in federal income taxes – or about 28 percent, according to the president's federal returns released Tuesday by the White House.

Bush and his wife, Laura, listed as income his presidential salary, interest and the investment income from trusts that hold their assets.

The Bushes' income and tax bill was slightly lower than the previous year, when the First Couple reported $856,056 in adjusted gross income and paid $268,719 in federal income taxes. For 2002, the Bushes paid about 31 percent of their income in federal taxes.

The White House also released the 2003 tax return filed by Vice President Dick Cheney and his wife, Lynne. They reported $1.3 million in adjusted gross income and owed $253,067 in federal taxes. The Cheneys' 2003 tax bill – much lower than the $341,114 they paid for 2002 on just slightly less money – represented just 20 percent of their income.

more> http://www.salon.com/news/wire/2004/04/13/bushtaxes/index.html

[Skidmore]

1. We ended up paying

in over $500, and this was after we had adjusted our withholding up a bit. Obviously, we underestimated, and our last kid left home.