retail-worker.com        I'll try being nicer if you'll try being smarter.
Log in Register FAQ Forum Index
Bush & Cheney Taxes
   Forum Index -> Politics Schmolitics
View previous topic :: View next topic  
Author Message
USA#1


Joined: 04 Jul 2003
Posts: 1967
Posted: Sun Apr 16, 2006 2:58 am    Post subject: Bush & Cheney Taxes  
www.usatoday.com/money/perfi/taxes/2006-04-14bush-taxes_x.html

Bush paid $187,768 in taxes.
Cheney got a whopping $1.9 million refund.
Back to top
Magnolia


Joined: 26 Aug 2005
Posts: 1457
Posted: Sun Apr 16, 2006 1:33 pm    Post subject:  
And didn't Cheney report $9 million in income?

Oh yeah, there's a guy that can really relate to the needs of the average American.
Back to top
Nofsdad


Joined: 06 Jul 2003
Posts: 7090
Location: Central CA
Posted: Sun Apr 16, 2006 2:38 pm    Post subject:  
Nine million in income and he gets a two million dollar refund? In all my years of paying taxes, I'll be DAMNED if I ever got a REFUND totalling over a quarter of my gross income for the year. How in the hell do these people DO that?

I'm sorry if that triggers another round of Neanderthal knuckle dragging primate hate on RW but that's beyond the comprehension of a poor working slug like me.
Back to top
USA#1


Joined: 04 Jul 2003
Posts: 1967
Posted: Sun Apr 16, 2006 4:35 pm    Post subject:  
Hope he doesn't spend all that in one place. Rolling Eyes Razz
Back to top
CCCs


Joined: 07 Jul 2003
Posts: 762
Posted: Sun Apr 16, 2006 6:39 pm    Post subject:  
Quote:
The Cheneys reported adjusted gross income of nearly $8.82 million, a number largely padded with income they received by exercising stock options that had been set aside in 2001 for charity.

The Cheneys donated about $6.87 million to charity from the stock options and royalties earned on Mrs. Cheney's books: ``America: A Patriotic Primer,'' ``A is for Abigail: An Almanac of Amazing American Women'' and ``When Washington Crossed the Delaware: A Wintertime Story for Young Patriots.''

Recipients of their charitable donations included George Washington University Medical Faculty Associates for the benefit of the Cardiothoracic Institute, the University of Wyoming Foundation and Capital Partners for Education, to benefit low-income high school students in the Washington area.

After subtracting the charitable contributions, the Cheneys' income was $1.95 million, on which they owed $529,636 in taxes, according to a statement released by Cheney's office.

Since the Cheneys paid $2.46 million in withholding and estimated taxes over the year, they were entitled to a refund of about $1.93 million.

The Cheneys' income included the vice president's $205,031 government salary and $211,465 in deferred compensation from Halliburton Co., the Dallas-based energy services firm he headed until Aug. 16, 2000.

The White House has said that the amount of deferred compensation from Halliburton received by Cheney is fixed and is not affected by the company's current economic performance or earnings.



Looks like the Cheney's donated about 3/4 ths of their income to charity
Back to top
Nofsdad


Joined: 06 Jul 2003
Posts: 7090
Location: Central CA
Posted: Mon Apr 17, 2006 12:48 am    Post subject:  
How do I get myself designated a charity?? Very Happy

Actually my brother and I had been talking about it and knew it was on the up and up but the amounts involved are mind boggling. When a tax REFUND amounts to a quarter of your gross income, it has to raise eyebrows amongst those of us who can't wait to get out little $1500-3000 every year that we let the government use for free and got no interest on.
Wink
Back to top
Magnolia


Joined: 26 Aug 2005
Posts: 1457
Posted: Mon Apr 17, 2006 11:12 am    Post subject:  
Quote:
The Cheneys' income included the vice president's $205,031 government salary and $211,465 in deferred compensation from Halliburton Co., the Dallas-based energy services firm he headed until Aug. 16, 2000.

The White House has said that the amount of deferred compensation from Halliburton received by Cheney is fixed and is not affected by the company's current economic performance or earnings.


I don't care so much about how much Cheney gets from Halliburton... as I do in how much Halliburton benenfits from Cheney's position.
Back to top
Display posts from previous:   
   Forum Index -> Politics Schmolitics All times are GMT
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum




Powered by phpBB © 2001, 2002 phpBB Group
Theme created by Vjacheslav Trushkin