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post #1 of 6 (permalink) Old 04-12-2008, 12:21 AM Thread Starter
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They pay taxes too...

WASHINGTON The federal tax bill for President Bush and his wife: $221,635.

That's how much the Bushes owed on their 2007 adjusted gross income of $923,807, according to a joint return released Friday.

The Bushes have paid $203,894 so far, which means they'll need to break out the checkbook they owe the government $17,741.

Their income total includes a $150,000 advance received by Laura Bush for the children's book she co-authored with her daughter, Jenna.

Last year, the president and Mrs. Bush paid $186,378 in federal taxes on their income of $765,801.

Mr. Bush's salary as president is about $400,000.

The White House also reported that Vice President Dick Cheney and his wife, Lynne, had an adjusted gross income of $3.04 million in 2007.

The Cheneys owed $602,651 in federal taxes on that income. They have paid $466,165 through withholdings and estimated tax payments, and will pay the remaining $136,486.

The Cheneys' income includes the vice president's salary, about $212,000, and a pension he gets as a former director of Union Pacific Corp. It also includes Lynne Cheney's book royalty income, her salary from the American Enterprise Institute and a pension she gets as a former director of Reader's Digest.

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Now, the interesting thing... maybe a CPA can help me... if you don't pay 90% of your taxes in a given year, when due, don't you have a penalty? If so, it appears the Cheney clan may owe some penalty and interest. Although I guess they get a break if they paid at least 110% of what they paid last year.

My 401K is now a 400K (was 301K)

Last edited by 01WhiteCobra; 04-12-2008 at 12:27 AM.
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post #2 of 6 (permalink) Old 04-12-2008, 12:36 AM
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It's a well known fact he still has his hand in the cookie jar at UP, but all politicans are in bed with the railroads. Do a search and its amazing how many politicans have worked for the railroad or have crossed paths with them in questionable circumstances.

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post #3 of 6 (permalink) Old 04-12-2008, 12:38 AM
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Damn, Cheney is ballin'

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post #4 of 6 (permalink) Old 04-12-2008, 07:20 PM
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This is only what they report...

Thus Spoke Zarathustra
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This will help everyone out, check it.
It is time we acknowledged a basic feature of human discourse: when considering the truth of a proposition, one is either engaged in an honest appraisal of the evidence and logical arguments, or one is not. Religion is the one area of our lives where people imagine that some other standard of intellectual integrity applies.
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post #5 of 6 (permalink) Old 04-12-2008, 09:24 PM
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Quote:
Originally Posted by Zarathustra
This is only what they report...

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post #6 of 6 (permalink) Old 04-12-2008, 09:28 PM
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Quote:
Originally Posted by Zarathustra
This is only what they report...

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