[Vision2020] Dick Cheney's 2003 tax savings larger than your annual income.

Tue, 13 Apr 2004 15:10:59 -0700

Just out of curiousity, Tim.  It's clear that you don't approve of us 
liberal leaning Democrats and our support of John Kerry's candidacy.  Who's 
getting your support in this election?                                       

    Carl Westberg Jr.

>From: Tim Lohrmann <timlohr@yahoo.com>
>To: vision2020@moscow.com
>Subject: Re: [Vision2020] Dick Cheney's 2003 tax savings larger than your 
>annual income.
>Date: Tue, 13 Apr 2004 14:17:31 -0700 (PDT)
>
>  Yep, Dick and Dub really are rich guys.
>  Good thing the Democrat party nominated a good ole joe sixpack type of 
>fella who feels our economic pain!
>   See below.
>   TL
>The many homes of Democrat Presidential candidate, John F. Kerry's 
>family......
>
>1. Fox Chapel, Pennsylvania  (Assessed value: $3.7 million)
>
>2. Ketchum, Idaho ski getaway/vacation home  (Assessed value: $4.916 
>million)
>
>3. Washington, D.C - Georgetown area (assessment: $4.7 million)
>
>4. Nantucket, Massachusetts waterfront retreat on Brant Point (Assessed 
>value: $9.18 million)
>
>5. Boston, Massachusetts  - Beacon Hill home (Assessed value: $6.9 million)
>
>
>Oh, and he sold this estate in Italy to activist actor George Clooney, just 
>before announcing his running for president.  I guess he thought it might 
>not sit well with the common man.  ($7.8 million)
>
>
>Other foreign property ownership by John Kerry is unknown... because he 
>denied repeated requests for this information.
>
>John F. Kerry--just one of the common folk!
>
>
>
>
>
>
>
>
>Joan Opyr <auntiestablishment@hotmail.com> wrote:
>Dear Visionaries:
>
>Forwarding from http://www.salon.com.  Dick Cheney will pay $88,047 less in 
>federal taxes this year than he paid last year.  Yay, tax cuts.  Woo, woo.  
>Woo.  Wuh.  (Just for fun, try dividing that number by your own salary, 
>remembering to subtract for the UI pay lag, and then calculate your square 
>root of aggravation.  Got enough for that trip to the moon, Alice?  Bang, 
>zoom!)
>
>BTW, of particular interest to me is the fact that the Cheneys reported 
>$477,874 more in income than the Bushes, but their effective annual tax 
>rate was 8% less.  Come on, Dick -- stop holding out on George.  Let that 
>clever tax planner out of the secret bunker and send him on over to the 
>White House.
>
>Ever more progressively yours,
>Joan Opyr/Auntie Establishment
>
>
>Bushes, Cheneys enjoy tax cuts
>
>
>- - - - - - - - - - - -
>By Jennifer Loven
>
>April 13, 2004  |  WASHINGTON (AP) -- President Bush reported $822,126 in 
>adjusted gross income for last year, on which he paid $227,490 in federal 
>income taxes ā€“ or about 28 percent, according to the president's federal 
>returns released Tuesday by the White House.
>
>Bush and his wife, Laura, listed as income his presidential salary, 
>interest and the investment income from trusts that hold their assets.
>
>The Bushes' income and tax bill was slightly lower than the previous year, 
>when the First Couple reported $856,056 in adjusted gross income and paid 
>$268,719 in federal income taxes. For 2002, the Bushes paid about 31 
>percent of their income in federal taxes.
>
>The White House also released the 2003 tax return filed by Vice President 
>Dick Cheney and his wife, Lynne. They reported $1.3 million in adjusted 
>gross income and owed $253,067 in federal taxes. The Cheneys' 2003 tax bill 
>ā€“ much lower than the $341,114 they paid for 2002 on just slightly less 
>money ā€“ represented just 20 percent of their income.
>
>For 2002, the Cheneys paid 29 percent of their adjusted gross income in 
>federal taxes. Their income includes the vice president's $198,600 
>government salary and the $178,437 he earned in deferred compensation from 
>Halliburton Co., the Dallas-based energy services firm he headed until Aug. 
>16, 2000. Cheney elected in 1998 to recoup over five years a portion of the 
>money he made in 1999 as chief executive officer of Halliburton.
>
>"The amount of deferred compensation received by the vice president is 
>fixed and is not affected by Halliburton's current economic performance or 
>earnings in any way," said a statement released by the vice president's 
>office ā€“ a word-for-word reiteration of the statement he released last 
>year.
>
>The vice president's office made the statement to explain the deferred 
>compensation. Cheney's office has repeatedly stated that the vice president 
>doesn't have a financial stake in the success of Halliburton, nor does he 
>have anything to do with defense contracts.
>
>The Cheneys' income also includes Mrs. Cheney's income from work at the 
>American Enterprise Institute, a Washington-based think tank, and 
>compensation from her service on the Reader's Digest board of directors in 
>2003.
>
>The White House distributed the Bushes' federal form 1040 for 2003 with 
>attached schedules two days before the April 15 filing deadline. For 
>Cheney, only the federal form 1040 was released.
>
>The Bushes reported itemized deductions of $95,043, including $68,360 to 
>churches and charitable organizations, including Evergreen Chapel at Camp 
>David, Md., Tarrytown United Methodist Church in Austin, Texas, St. John's 
>Church in Washington, D.C., the M.D. Anderson Cancer Center in Houston, 
>Texas and the federal government's Combined Federal Campaign.
>
>The Bushes paid $21,352 in state property taxes on their ranch near 
>Crawford, Texas, up from $19,902 last year.
>
>The Cheneys reported itemized deductions of $454,649. The couple donated 
>$321,141 to charity in 2003, mostly in royalties from the sales of Mrs. 
>Cheney's books, "America: A Patriotic Primer," "A is for Abigail" and 
>soon-to-be-out "Fifty States."
>
>Bush overpaid his 2003 taxes by $61,451, and elected to apply the entire 
>amount to their 2004 tax bill.
>
>The Cheneys overpaid their taxes by $5,712 and also directed that amount to 
>go toward their 2004 taxes.
>
>
>
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