President Bush pays $221,635 in federal taxes
President Bush and his wife Laura announced today they are paying $221,635 in federal income taxes on their 2007 taxable income of $719,274.
That’s an effective tax rate of 30.8 percent.
“The president’s 2007 income included salary earned as president and investment income from the trusts in which the president and Mrs. Bush’s assets are held,’’ the White House said in a statement. “The tax return also reports a $150,000 advance received by Mrs. Bush for the children’s book she co-authored with Jenna Bush. Mrs. Bush donated all net proceeds from the advance to Teach for America and the New Teacher’s Project. President and Mrs. Bush contributed a total of $165,660 to churches and charitable organizations, including the Crawford Volunteer Fire Department, Susan G. Komen For the Cure, Malaria No More Fund, Martha’s Table, and St. John’s Church.”
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he should be in jail
Thank you, Abbie Hoffman. Thought you were dead.
“Woof-woof,” barked the moonbat.