Tuesday, April 18, 2006

Those Stingy, Selfish Republicans!

Vice President Cheney and his wife Lynne donated nearly $7 million in charity for the year 2005. Wow, what a grinch, right? It's one of the largest amounts in charitable donations given by a U.S. public official.

By DEB RIECHMANN, Associated Press Writer Fri Apr 14, 7:05 PM ET

President Bush and the first lady paid about $187,000 in federal taxes this year on income of about $735,000. Vice President
Dick Cheney and his wife made more than 10 times as much, overpaid the tax man and are looking for a $1.9 million refund.

According to the president's tax return released Friday by the White House, the Bushes had adjusted gross income of $735,180 — about $50,000 less than the year before.

The couple paid $187,768 in federal taxes for last year — about $19,500 less than they paid the
Internal Revenue Service for 2004.

Their income included Bush's presidential salary — about $400,000 — and investment income from trusts that hold their assets.

The Bushes contributed $75,560 — about 10 percent of their income — to churches and charitable organizations. Those included the
American Red Cross and the Salvation Army's funds for hurricane relief in the United States and earthquake aid in Pakistan. They also gave to Martha's Table, which provides food and services to the underprivileged in the Washington area, the Archdiocese of New Orleans Catholic Charities and the Mississippi Food Network.

The Bushes paid $26,172 in state property taxes on their ranch near Crawford, Texas, up about $4,000 from the year before.

The Cheneys reported adjusted gross income of nearly $8.82 million, a number largely padded with income they received by exercising stock options that had been set aside in 2001 for charity.

The Cheneys donated about $6.87 million to charity from the stock options and royalties earned on Mrs. Cheney's books: "America: A Patriotic Primer," "A is for Abigail: An Almanac of Amazing American Women" and "When Washington Crossed the Delaware: A Wintertime Story for Young Patriots."

Recipients of their charitable donations included: George Washington University Medical Faculty Associates for the benefit of the Cardiothoracic Institute, the University of Wyoming Foundation and Capital Partners for Education, to benefit low-income high school students in the Washington area.

After subtracting the charitable contributions, the Cheneys' income was $1.95 million on which they owed $529,636 in taxes, according to a statement released by the vice president's office.

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.

The Cheneys' tax return also reports Mrs. Cheney's royalty income from her book, "A Time for Freedom: What Happened When in America," salary income from the American Enterprise Institute and a retirement benefit from Reader's Digest. Mrs. Cheney served on the Reader's Digest board of directors until retiring in 2003.

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Blogger Assorted Babble by Suzie said...

I feel their choices of churches and charities are honorable.

Tuesday, April 18, 2006 11:16:00 AM  
Anonymous Skye said...

Okay..and the point of this pointless drabble is....??

Tuesday, April 18, 2006 2:01:00 PM  
Blogger Tom said...

News, of course!!

Did any Liberal or Democratic politician give as much or more? If not, why not? They're always happy to give our tax dollars away to their favorite causes!!

Tuesday, April 18, 2006 2:13:00 PM  
Blogger Curt said...

What! You mean Bushitler's sidekick donated more money to charity then the hippies? No way, has to be a massive conspiracy conducted by the Bushitler legions.

Funny how the left wants to give all our money to drug addicts and illegal immigrants but when it comes to donating their own money all you hear are crickets.

Tuesday, April 18, 2006 6:37:00 PM  
Blogger Anna said...

How dare they give so little! Geez!

Tuesday, April 18, 2006 7:30:00 PM  
Blogger Little Miss Chatterbox said...

When I saw this I have to admit I was pretty impressed. One has to wonder what the average is of libs' charitable giving versus conservative. I bet its not even close!!!!! But yet the Republicans are the greedy grinches because we don't want to take money from people to give to others. We just want to give of our own private money. Sheesh!!

Wednesday, April 19, 2006 8:26:00 PM  
Blogger Mike's America said...

And dont' forget big spender Al Gore, who gave $353 in charitable contributions as Veep in 1997.

Or that Hillary claimed Bill and Chelseas old underwear as a donation to charity.

Middle item here:

Thursday, April 20, 2006 9:12:00 PM  
Blogger The WordSmith from Nantucket said...

Yes, and John Kerry having the option to check off a box to pay the higher tax rate; and instead, choosing not to do so and keep more of his money out of the hands of government, even as he railed against "tax cuts for the rich". He has no problem raising your taxes, knowing that income and not his wife's wealth is what's taxed.

Thursday, April 20, 2006 9:17:00 PM  

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