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April 2004, Week 2

HP3000-L@RAVEN.UTC.EDU

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Subject:
From:
Michael Baier <[log in to unmask]>
Reply To:
Michael Baier <[log in to unmask]>
Date:
Tue, 13 Apr 2004 17:45:17 -0400
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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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