IRS Spanks Bush


Bloomberg.com: U.S.

Haha, oh man, talk about a news flash. Just when you thought you owed this tax season, you’re no-where near as bad as G-W & the 1st Lady.

IRS BushApril 14 (Bloomberg) — President George W. Bush paid $187,768 in taxes on taxable income last year of $618,694, according to returns released today at the White House.

Vice President Dick Cheney and his wife, Lynne, reported owing $529,636 on taxable income of $1,961,157. The couple’s total income in 2005 was $8,824,762, largely as a result of stock options Cheney received before stepping down as chairman of Houston-based Halliburton Co., the world’s largest oilfield- services company, to run for vice president in 2000. The Cheneys donated $6,869,655 to charity in 2005 from the exercise of these stock options and from book royalties, the White House said.

The Cheneys had $2.47 million withheld from his salary and by their investment managers and are claiming a tax refund of $1.94 million, according to their return, released three days before Monday’s filing deadline.

Donated $6.8 million to charity? Woah. Go Cheny! I give him propps for that move, talk about a straight shooter, heh.

/end cheesy-cheney joke.


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