Cheney got $1.9 million dollar refund on his taxes

[cynatnite]

He made over $8 million bucks in 2005.

http://www.msnbc.msn.com/id/12318056/

Cheney and bush's tax returns are available there for downloading.

[Atman]

1. The government is like a big fucking bubblegum machine for these guys

They can't lose. Every time they turn around, they get MORE MONEY OUT. And then bitch and moan that babies need formula and sick people want health car.

Please, please...can we start the revolution yet?

[William769]

2. Does that include his residuals from Halliburton?

[cynatnite]

5. Here is what the article says...

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.

snip:
The Cheneys donated just under $6.87 million to charity from the stock options and royalties from Mrs. Cheney’s books. That left about $1.9 million in income on which the Cheney’s owed $529,636 in taxes.

Over the year, the Cheneys paid $2,468,566 in taxes through withholding and estimated tax payments. As a result, the Cheneys are entitled to a refund of $1,938,930.

[0007]

3. Outrageous!

[SlipperySlope]

4. Yup! Here's the math!

$8.8M in income
$6.9M donated to charity
$1.9M taxable income

$529k taxes due
$2.4M taxes paid
$1.9M refund due


I wonder what charity they donated to?

[LA lady]

9. sounds good

Capital Partners for Education, which provides educational help to needy high-school-age children in the Washington area; George Washington University Medical Faculty Associates, in Washington, for what is now called the Richard B. and Lynne V. Cheney Cardiovascular Institute; and the University of Wyoming, for the benefit of the University of Wyoming Foundation.

[bdamomma]

6. they can take their refund

to hell, that's where they belong. Rapture their asses right out of here. Please

[partylessinOhio]

7. All that money yet -

his mouth is still crooked and he can't see his hunting partner.

[newyawker99]

13. Hi partylessinOhio!!

welcome to DU!! :toast:

[cynatnite]

15. Welcome to DU!

:hi:

[Yupster]

14. The overpayment

was probably the result of automatically withholding from their stock option exercising. Even though they gave the money to charity, the company probably automatically withheld anyway which created the massive overpayment of their taxes.

[boobooday]

8. Billion Dollar Cheney

Shamelessly looting and pillaging America and Iraq.

If you are in the mood for some Cheney-bashing rock-n-roll, and you haven't seen my flash video yet, click here! http://billiondollarcheney.cf.huffingtonpost.com

[Rose Siding]

10. When they say the economy is Fabulous! this is what they mean.

sickening

[JohnnyRingo]

11. He "earned" 10 times as much as Buxh....

And paid just over twice as much in taxes.
Maybe he should set Buxh down and explain the "trickle down theory" to him again.

Good advertisment against making the tax cuts permanent.
I'd sure like to place a bet against any of that money making to any charity too.

[NVMojo]

12. this is disgusting. I am watching the Oprah special on people living

on minimum wage.