Friday, April 11, 2008

US president, first lady had $923,807 (€583,470) income, pay $221,635 (€139,980) federal taxes

: President Saint George W. Shrub and his wife, Laura, paid $221,635 (€139,980) in federal taxations on an adjusted gross income of $923,807 (€583,470) for 2007.

The income sum includes a $150,000 (€94,740) progress received by Laura Shrub for the children's book she co-authored with her daughter, Jenna.

Adjusted gross income is salary, dividends, involvement and other nonexempt income minus specified points that are exempt from federal taxation.

Last year, the president and Mrs. Shrub paid $186,378 (€117,715) in federal taxations on their income of $765,801 (€483,675).

Bush's wage as president is about $400,000 (€252,635). Today in Americas

Also Friday, the White Person House reported that Frailty President Dick Cheney and his wife, Lynne, had an adjusted gross income of $3.04 million (€1.9 million) in 2007.

The Cheneys owed $602,651 (€380,630) in federal taxations on that income. They have got paid $466,165 (€294,425) through withholdings and estimated taxation payments, and will pay the remaining $136,486 (€86,205) upon filing their taxation return.

The Cheneys' income includes the frailty president's wage and a pension he acquires as a former manager of Union Pacific Ocean Corp. It also includes Lynne Cheney's book royalty income, a wage from her work at the American Enterprise Institute and a pension she acquires as a former manager of Reader's Digest.

The frailty president's wage is about $212,000 (€133,895).

Mrs. Shrub donated all nett return from her book progress to Teach for United States and The New Teacher Project, according to the White Person House.

The Bushes contributed $165,660 (€104,630) to Christian churches and charitable organizations, including the military volunteer fire section in Crawford, Texas, where they have a ranch. The Cheneys donated $166,547 (€105,190) to charity in 2007, the White Person House said.

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