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April 2004, Week 2

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From:
John Lee <[log in to unmask]>
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Date:
Wed, 14 Apr 2004 09:47:28 -0500
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Bush and Cheney actually paid a pretty hefty tax bill.  Look at your AGI
and calculate what percent of it you paid in fed income tax.  

John Lee


At 05:45 PM 4/13/04 -0400, Michael Baier wrote:
>Dick Cheney !!! ;-) who would think bad about this and Halliburton and ....
>
>WASHINGTON - 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.
>
>For 2002, the Cheneys paid 29 percent of their adjusted gross income in
>federal taxes. Their income includes the vice president's $198,600
>government salary and the $178,437 he earned in deferred compensation from
>Halliburton Co., the Dallas-based energy services firm he headed until Aug.
>16, 2000. Cheney elected in 1998 to recoup over five years a portion of the
>money he made in 1999 as chief executive officer of Halliburton.
>
>"The amount of deferred compensation received by the vice president is
>fixed and is not affected by Halliburton's current economic performance or
>earnings in any way," said a statement released by the vice president's
>office — a word-for-word reiteration of the statement he released last
>year.
>
>The vice president's office made the statement to explain the deferred
>compensation. Cheney's office has repeatedly stated that the vice president
>doesn't have a financial stake in the success of Halliburton, nor does he
>have anything to do with defense contracts.
>
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