Vice president reports gross income of $8.8 million

[DianaForRussFeingold]

Bush, Cheney's tax returns made public
Vice president reports higher adjusted gross income of $8.8 million WASHINGTON - President Bush reported adjusted gross income of $735,180 for last year, on which he paid $187,768 in federal taxes, according to the president’s return released Friday by the White House. Vice President Dick Cheney and his wife Lynne reported a significantly higher adjusted gross income, largely due to exercising stock options.

In 2004, the president and first lady Laura Bush reported $784,219 in adjusted gross income and paid $207,307 in federal income taxes.

On their 2005 return the Bushes listed as income his presidential salary — about $400,000 — and investment income from trusts that hold their assets. http://www.msnbc.msn.com/

[Mend]

1. "Money can't buy you love, baby"....as someone once said. eom

[TAPat]

2. Gee... Sometimes I wish I had a trust fund...

or a job that I didn't have to scratch out for myself in order to put food on the table for my family.
Wait - I meant to say "put food on my family". :)

[Gabi Hayes]

5. wouldn 't that trust be based on the killing he made from the Rangers

sale?

probably the blind trust into which he must've put his assets when he stole office

[onenote]

9. it wasn't a trust

it was a gift administration agreement relating to halliburton stock options that were non transferable back in 2001.

onenote

[Gabi Hayes]

3. mostly to charity?

''The White House also released the 2005 tax return filed by the Cheneys. They reported adjusted gross income of nearly $8.82 million, which was largely the result of exercising stock options that had been set aside in 2001 for charity.''

bet they're REALLY PISSED those options did so well

I'd like to be more 'charitable' toward that couple, but something smells about this

[SlipperySlope]

10. Gave $6.87M to charity - NT

[NJ Democrats]

4. $8.8 million?

WTF? You can exercise stock options when your VP? I didn't know that. That's very impartial now isn't it.

[libodem]

6. Money is all that matters to them

and i wish they both had to face charges for their crimes and any money made from Halliburton stock holdings or oil companies would be considered war-profiteering. I'd like to see both of them penniless.

[LSK]

7. and what of their offshore investments?

Tack on a few more 0's..

[Imagevision]

8. And this is what Cheney is showing! Bush is even more pathetic

Bothe of these clowns got their hand out in Iraq kick-backs -- you don't think Halliburton wins no-bid contracts for zip now do ya??...