And the riches get refunds :)

maestrowork said:

According to information released by the White House on Friday, the president and first lady Laura Bush paid $187,768 on income of $735,180. Cheney and his wife, Lynne, made more than 10 times as much, but are entitled to a $1.9 million refund.

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I hate being in the position of defending Dick Cheney but how much did they pay throughout the year? If they end up paying the same (or higher) percent than I (we) do, it's all relative. It is hard to believe someone as smart as Dickie boy would overpay by almost 2 million. He could have earned my annual salary just on the interest.

mr/mrs cheney's 2005 income: $8.82 million
donated to charity: $6.87 million
income after charitable contributions: $1.95 million
taxes owed on that amount: $529,636
amount of withholding and estimated taxes paid in 2005: 2.46 million
refund due: $1.93 million

hardly seems scandalous.

http://news.yahoo.com/s/ap/bush_inc...Mef3P6s0NUE;_ylu=X3oDMTA2Z2szazkxBHNlYwN0bQ--

Yes, I read that.



They overpaid that much.


UN-Fortunately, we are paying in taxes this year. My husband only paid through August 29th, then lost his job due to Katrina. We continued to earn money in other ways, of course, but never paid further taxes in.

So, we owe.

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.

William Haskins said:

mr/mrs cheney's 2005 income: $8.82 million
donated to charity: $6.87 million
income after charitable contributions: $1.95 million
taxes owed on that amount: $529,636
amount of withholding and estimated taxes paid in 2005: 2.46 million
refund due: $1.93 million

hardly seems scandalous.

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Um, I will freely admit than I'm an idiot when it comes to math (and other things), but how can you pay Uncle Sam more than you make? I guess he could have borrowed from China, which seems to be the hot ticket these days. Oh well. Once Dickie gets his deferred income from Halliburton, I'm sure it will all balance out nicely.

William Haskins said:

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.

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Dick Cheney is starting to sound like a real upstanding person, go figure?

P.S. I donated a mere $100 last year to the Katrina relief fund. Anyone else donate time or money for a cause (err...Ray???)

he got his last payment from halliburton in 05:

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.

Cheney elected in December 1998 to recoup over five years a portion of the money he made in 1999 as chief executive officer of Halliburton. This amount was to be paid in annual installments — with interest — after Cheney's retirement from Halliburton. The 2005 payment is the last.


one can set one's withholding in such a way as to drastically overpay taxes, and estimated tax payments are based on previous years.

dig up some tax returns on some of the bleeding heart, multi-millionaire limousine liberals who want higher taxes and cry for the cameras about the plight of the downtrodden, and see how much they really pay in taxes and donate to charities...

then you'll really be surprised.

Here's an irrelevant sidenote: Bush and Cheney are both in the position of having no living expenses. It frees up money some of us might use for rent.

Plus - I don't think any expenses are out of pocket if you are the president.


And, they don't even have to pay their help (maids, secretaries, gardeners, etc.) out of their own money.................

ETC.

I haven't been able to donate much in the way of actual cash to help anything; I did donate some money to the Tsunami fund.


But, I have always volunteered my time by helping out at the local nursing home. In fact, that's how I am spending my afternoon today.

dig up some tax returns on some of the bleeding heart, multi-millionaire limousine liberals who want higher taxes and cry for the cameras about the plight of the downtrodden, and see how much they really pay in taxes and donate to charities...

then you'll really be surprised.

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Unless they are public servants, why would that personal information be available? I'm sure it's confidential.

PS: Compassion isn't always measured in dollars.

why is his holiness undressing me with his eyes?

why is his holiness undressing me with his eyes?

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He's undressing you alright - right into your soul.

joke's on him, then.

William Haskins said:

dig up some tax returns on some of the bleeding heart, multi-millionaire limousine liberals who want higher taxes and cry for the cameras about the plight of the downtrodden, and see how much they really pay in taxes and donate to charities...

then you'll really be surprised.

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http://www.newsmine.org/archive/cabal-elite/rich-payoffs/huffington-paid-little-income-tax.txt

Rob

maestrowork said:

Hypocrisy knows no political parties.

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Of course, Cheney's not throwing a hissy fit over the rich not paying their fair share...

Ariana Huffington--it was her entire platform--sorry if you thought I meant you. The point being, on this issue the hypocrisy is not generally on both sides.

Rob

Well, if no one else wants to say it, I think it's nice that the VP gave nearly 78% of his 2005 income to charity.