Remember Al Gore donating a whole $300 to charity?
Bush, Cheney Earnings Documented
By Scott Lindlaw
Associated Press Writer
Friday, April 13, 2001; 4:36 p.m. EDT
CRAWFORD, Texas –– President Bush reported earning $894,800 last year, while Vice President Dick Cheney took in $36 million, according to income-tax documents released Friday.
The Bush family paid $240,342 in federal taxes, the Cheneys $14.3 million.
Both families released tax information in Crawford, Texas, where the president is spending the weekend.
Bush released a complete federal Form 1040, without attachments. Cheney released only a summary prepared by the White House.
The Bushes reported donating $143,300 to charity, $75,000 of it out of royalties from his biography published during the presidential campaign last year, "A Charge to Keep."
The donations from the book sales went to three organizations: Boy Scouts of America, Boys and Girls Clubs of America and Girls Inc.
The Cheneys donated stock options worth $7.8 million to three beneficiaries: Capital Partners for Education, George Washington University Medical Faculty Associates and the University of Wyoming.
They also donated $41,646 to other, unspecified charities.
The bulk of Bush's income came from $549,236 in interest from investments, held in state and federal blind trusts. He also reported $138,358 in capital gains.
He reported earning $70,554 in salary. Bush was governor of Texas until resigning in December.
Bush took $150,198 in deductions, but did not publicly disclose what they were.
The Bushes were entitled to a federal income tax refund of $244,534.
They elected to apply about half – $127,220 – to their 2001 tax bill. They were repaid the difference of $117,314.
Bush had prepaid $475,000 as estimated tax. |
