CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Bush, Cheney Release Tax Returns

Bush, Cheney Release Tax Returns

by Leroy Baker, Tax-News.com, New York

17 April 2007


US President George W. Bush paid an effective tax rate of 29% on his income in 2006 according to data on his tax return, which was released by the White House last week.

The President and Mrs. George W. Bush reported taxable income of $642,905 for the tax year 2006, resulting in a total federal tax bill of $186,378. Currently, the President's salary is set at $400,000 per year, but he also derives some income from investments and other assets held in trust.

The Bushes also paid $27,474 in state property taxes on their ranch in Crawford, Texas, about $1,000 more than the previous year.

The President and Mrs. Bush contributed $78,100 to churches and charitable organizations, including the Crawford Volunteer Fire Department, the Federal Government's Combined Federal Campaign, Operation Smile, Martha's Table, the Salvation Army, Susan G. Komen Foundation, and the Yellow Ribbon Support Center.

Meanwhile, Vice President Dick Cheney and his wife reported gross income for 2006 of $1.8 million, and paid $464,789 on taxable income of 1.6 million - more than $50,000 in excess of their actual tax bill of $413,326. Instead of claiming the refund, the Cheneys will apply the overpayment to their tax bill for 2007. The Vice President's salary is $200,000 per year.


To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »