• If you are having problems logging in please use the Contact Us in the lower right hand corner of the forum page for assistance.

Cheney and W's Income

Mike

Well-known member
WASHINGTON (AFP) - US Vice President Dick Cheney and his wife earned 8.82 million dollars last year, some 12 times the amount President George W. Bush made, the White House said.

But the Cheneys donated 6.9 million dollars of their income to charity, cutting their net income to a more manageable 1.96 million dollars -- meaning that they will get a tax refund of 1.9 million dollars.

The president and his wife Laura Bush reported a net income, after charitable donations and other deductions, of 618,694 dollars for 2005, of which 400,000 came from his White House salary.

Their income was down from 672,788 dollars declared last year.

The presidential couple gave 75,560 dollars to charities during the year, including relief funds after Hurricane Katrina last August and to help Pakistan after its devastating earthquake last year.

Their net income left them with a federal tax bill of 187,768 dollars.

Cheney's stock options from his previous stint as chief executive at oil services firm Halliburton pushed his and his wife Lynne's combined gross income to 8.82 million dollars.

But their net income for 2005 totalled only 1.96 million dollars after accounting for nearly 6.9 million in tax-deductible donations to a fund for low-income school students and to two universities. Their final federal tax bill amounted to to 529,636 dollars.

The Cheneys paid 2.46 million dollars in taxes in 2005 but because of their charitable donations they paid too much and will get a refund of 1.96 million dollars, the White House said.

Aside from the stock option gains, in 2005 the vice president received 211,465 dollars in deferred income from Halliburton, slightly more than the 205,031 dollars from his vice president's salary.

Lynne Cheney meanwhile reported earnings from from books she wrote, including "A Patriotic Primer" and "A Time for Freedom"; from the conservative think tank, the American Enterprise Institute, and from a former director's position at Reader's Digest.

The deadline for Americans to file their annual income tax returns falls on April 17 this year, because the traditional April 15 deadline falls on a Saturday.


04/14/2006 17:03
 
A

Anonymous

Guest
Thank you for posting this, Mike. This is so disgusting! I can't wait until we have a couple of homeless guys up there running this country. Instead of people who actually make money.

Well, that might not be so good after all. I think Clinton was actually homeless when he moved to Washington, wasn't he? Don't need any more homeless types... :lol:
 

Mike

Well-known member
What's amazing is we have Corporate CEO's making much, much more than the leaders of our country with much less pressure. :???: :???:
 

MsSage

Well-known member
What is more amazing is the pay Teachers are paid. They are under fire from everyone from the Principal , school board, parents, NCLB. They get no support in dealing with children who are rude, disrespectful, do not want to be there, under stress from home and testing. They are being threatened with getting more cuts to the school budget and watching the "downtown" staff get bigger. Being told to do more with students with less.
There needs to be a better way to "judge" Teachers. There needs to be better pay and support.
Maybe its me needing to vent after being told that is the budget doesnt pass we would lose 2 teachers and 3 assistants. But we would be getting 4 new classes full of students. I am tired of the scare tatics being used to get a political issue passed. We have to stand up and YELL children will NOT be pawns.
 
Top