Cheney's receive $1.93 MILLION rax refund; Halliburton payments "end"

[Bluebear]

....Since the Cheneys paid $2.46 million in withholding and estimated taxes over the year, they were entitled to a refund of about $1.93 million.

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.

The White House has said that the amount of deferred compensation received by the vice president is fixed and is not affected by Halliburton's current economic performance or earnings. Note: Oh, OK, that's a relief.

http://news.yahoo.com/s/ap/bush_income_taxes

[The Backlash Cometh]

1. The proceeds from rape and pillage.

[Blue_Tires]

2. ttt n/t

[Initech]

3. So how does someone who made $400K last year pull a $2M refund?

Makes absolutely no sense. Man, the books HAD to have been cooked for this one.

[NorCalDem]

4. He made

over 8.8 million dollars, gave 6.7 or so to charity, therefore his taxable income was ~$2M. His withholding were for the full 9 mil, so he's getting 1.9 back since he technically made only 2mil or so.

These are the real numbers, i just don't have the link right now. My point is that I want to know how in the world he gave away 6.87 million dollars to charity (unless of course it's charity giving Barbara Bush style).

[Yupster]

5. The charity was

the stock options from Haliburton that he exercised in 05. He said he'd give any profits from the exercizing away to charity so people wouldn't get on him about conflicts of interest. You can't sell stock options, so he couldn't get rid of them, so he gave the profits away instead.

[raysr]

6. Yeah, I bet that's

all he got from Halliburton. The POS is in WA St to raise money for the puke McGavick running against Cantwell. McGavick just got back from AK when Stevens got the oil barons to cash in. Stevens got it bad for Cantwell who wanted his oil buddies sworn in and stopped ANWR.