La dichiarazione dei redditi di Bush e Cheney

[FaGal]

W la trasparenza e viva un fisco complesso più di quello italiano ma anche più efficiente, trasparente

http://taxprof.typepad.com/taxprof_b...tax_return.pdf

http://taxprof.typepad.com/taxprof_b...tax_return.pdf

[FaGal]

April 16, 2005
Bush Tax Return Shows an Income of $784,219
By RICHARD W. STEVENSON

WASHINGTON, April 15 - President Bush and Laura Bush reported income for last year of $784,219 and paid federal income taxes of $207,307, according to copies of their 2004 tax returns released Friday by the White House.

The tax cuts that Mr. Bush has signed into law since taking office saved them $28,846 last year, according to an analysis of their returns by Citizens for Tax Justice, a liberal research group that is critical of the administration's tax policies.

Vice President Dick Cheney and Lynne Cheney reported that they paid $393,518 in taxes on total income of $2.17 million and taxable income of $1.74 million. The Cheneys saved $81,336 from the Bush tax cuts, Citizens for Tax Justice said.

The Bushes paid a tax rate of 26.4 percent on their adjusted gross income and the Cheneys paid a rate of 22.7 percent.

Mr. and Mrs. Bush reported his salary as president, $397,065, plus $363,483 in taxable interest income from the trusts into which they placed their wealth. They reported smaller amounts of income from dividends and royalties.

The Bushes claimed itemized deductions totaling $111,431, including $77, 785 in charitable gifts. The White House said they gave money to a variety of churches and charitable groups. Their return shows that the Bushes had too much money withheld last year and decided to apply that amount, $38,534, to their taxes for 2005, rather than get a refund.

The return filed by the Cheneys included Mr. Cheney's salary as vice president of $203,000, plus deferred compensation of $194,852 he received last year from Halliburton, the oil-field services company, where he was chairman and chief executive before becoming Mr. Bush's running mate in 2000.

Mrs. Cheney also reported more than $400,000 in business income, much of it deferred compensation from Reader's Digest, where she served on the board until 2003.

The Cheneys also had considerable investment income, most from the sale of tax-exempt bond funds. Their returns showed long-term capital gains of $224,607 on the sale of more than $15 million worth of securities.

The Citizens for Tax Justice analysis showed that the cut in the rates on capital gains and dividend income signed into law by Mr. Bush saved the Cheneys more than $35,000 in taxes last year. The Bushes saved almost $2,800 in taxes on dividends from the change, the group said.

Both couples also saved substantial amounts of money from the reduced personal income tax rates pushed through Congress by Mr. Bush, the Citizens for Tax Justice analysis found. The Bushes saved more than $26,000 last year relative to what they would have paid before the tax cuts and the Cheneys saved more than $46,001, the group said.

NY times

[FaGal]

Bushes Paid $207,307 In Federal Income Tax
Gross Earnings Reported at $784,219

By Michael A. Fletcher
Washington Post Staff Writer
Saturday, April 16, 2005; Page A04

MENTOR, Ohio, April 15 -- President Bush and first lady Laura Bush paid $207,307 in federal income taxes on taxable income of $672,788 in 2004, according to the tax return released Friday by the White House.

The Bushes listed the president's $400,000 salary along with the investment income from trusts in which their assets are held, for an overall gross income of $784,219.

The couple, vocal advocates of volunteerism and the transforming power of targeted social service programs, reported contributing $77,785 to charitable organizations and churches in 2004. The recipients included St. John's Church near the White House; Evergreen Chapel at Camp David; the Salvation Army World Service Office; the American Red Cross; AmeriCares, an international relief organization; and the Susan G. Komen Foundation, which does breast cancer research.

The Bushes deducted $22,158 in property taxes they paid on their 1,600-acre Crawford, Tex., ranch. They also deducted $2,186 in sales taxes under a law enacted last year allowing Americans to write off either sales taxes or state income tax.

The Bushes' tax bill was smaller than it was in 2003, when they reported paying $227,490 in taxes on an adjusted gross income of $822,126. In 2002, before the tax cuts the president proposed took effect, the Bushes paid $268,719 in taxes on income of $856,058.

Vice President Cheney and his wife, Lynne, reported paying $393,518 in taxes on earnings of $1,328,678 in 2004. During the course of 2004, the Cheneys paid $290,855 in taxes through withholding and estimated tax payments, and they paid another $102,663 when they filed their tax return yesterday, which was the tax-filing deadline.

The Cheneys' income included the vice president's $203,000 salary and $194,852 in deferred compensation from Halliburton Co., the Texas-based energy services firm and defense contractor that he headed until August 2000.

Before leaving Halliburton, a large military contractor in Iraq, Cheney chose to defer his 1999 salary as chief executive officer and have it paid to him, with interest, in fixed annual installments over five years after his retirement from the company.

That deal became "final and unalterable before Mr. Cheney left Halliburton," according to a statement released by the White House. "The amount of deferred compensation received by the vice president is fixed and is not affected in any way by Halliburton's current economic performance or earnings."

The vice president and his wife also reported Lynne Cheney's income from the American Enterprise Institute, a conservative think tank in Washington, and her compensation for serving on the board of Readers Digest, a post she left in 2003.

The Cheneys donated $303,354 to charity in 2004, primarily from royalties from publishing company Simon & Schuster on Lynne Cheney's books, "America: A Patriotic Primer," "A Is for Abigail: An Almanac of Amazing American Woman" and "When Washington Crossed the Delaware: A Wintertime Story for Young Patriots."

The Cheneys also donated money earned from Halliburton stock options in accordance with an agreement they entered into before he took office in January 2001.

Bush used the occasion of Friday's deadline for filing tax returns to promote making the tax cuts passed during his administration permanent. "Tax relief helps small businesses. If you're interested in expanding jobs, one way to do so is to help small businesses," Bush told five local small-business owners the White House invited to sit with the president around a table at the Yours Truly Restaurant here. He said that if Congress allows the tax cuts to expire, "your taxes are going to go up."

[FaGal]

White House Tax Returns Show Bush Reaps Refund, Cheney Owes

President and Mrs. Bush paid roughly $207,000 in taxes last year and pocketed a refund of almost $39,000, while Vice President and Mrs. Cheney wound up owing almost $103,000 on top of the $291,000 in taxes they paid throughout 2004, the White House announced on April 15.

The administration released the presidential and vice presidential tax returns on the annual filing deadline date, with Bush posting his complete return (Form 1040, full Schedules A, D, E, and Form 6251) while Cheney made available only his Form 1040.

Bush reported taxable income of $672,788 for the year. His joint deductions totaled over $111,000, including nearly $78,000 in charitable contributions, $22,000 in ad valorem taxes, and $2,700 in professional tax preparation costs. The Bushes took advantage of a provision enacted as part of the American Jobs Creation Act of 2004 (P.L. 108-357) to write off about $2,200 for state sales taxes paid.

Cheney reported taxable income of over $1.3 million for 2004, most of which stems from unspecified business income (about $533,000), dividend payments (almost $327,000), and capital gain income (approximately $222,000). The vice president also collected $203,000 for his salary along with an additional $195,000 in deferred compensation from his years at Halliburton. The Cheneys claimed almost $406,000 in deductions, including $303,000 in charitable donations.
http://www.taxanalysts.com/www/taxwi...9?OpenDocument

[FaGal]

http://www.ctj.org/pdf/bushcheneytax2004.pdf