Archive for the ‘Taxation’ Category
It’s My Money!
Friday, July 7th, 2006It’s My Money!
Friday, June 30th, 2006It’s My Money!
Friday, June 23rd, 2006Bush and Cheney Taxes
Wednesday, April 19th, 2006President and Mrs. George W. Bush reported taxable income of $618,694 for the tax year 2005. This resulted in a total of $187,768 in federal income taxes paid by President and Mrs. Bush.
The President’s 2005 income included salary earned as President and investment income from the trusts in which their assets are held.
President and Mrs. Bush contributed $75,560 to churches and charitable organizations, including the American Red Cross – Hurricane 2005 Relief, the Salvation Army – Hurricane 2005 Relief, the Salvation Army – Pakistan Earthquake Relief, Martha’s Table, the Archdiocese of New Orleans Catholic Charities, the Mississippi Food Network, and the Federal Government’s Combined Federal Campaign.
Vice President Cheney’s information
Vice President and Mrs. Cheney released their 2005 federal income tax return today. The return shows that the Cheneys owe federal taxes for 2005 of $529,636 on taxable income of $1,961,157. The Cheneys’ adjusted gross income in 2005 was $8,819,006 which was largely the result of the exercise by an independent gift administrator of stock options that had been irrevocably set aside in 2001 for charity. The Cheneys donated $6,869,655 to charity in 2005 from the exercise of these stock options under the terms of the Gift Administration Agreement and from Mrs. Cheney’s book royalties from Simon & Schuster on her books America: A Patriotic Primer, A is for Abigail: An Almanac of Amazing American Woman, and When Washington Crossed the Delaware: A Wintertime Story for Young Patriots. As provided in the Gift Administration Agreement, gifts were made to three designated charities named in that Agreement. The Cheneys’ return was filed on March 20, 2006.


