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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Skywatcher who wrote (648669)10/20/2004 3:09:12 PM
From: Red Heeler  Read Replies (2) | Respond to of 769667
 
What do Bush and Al Capone have in common? Tax Evasion.

Bush declared the proceeds as a long-term capital gain, which it wasn't, as opposed to ordinary income, which it was. This means Bush paid at the capital gains' rate of 20 percent as opposed to the ordinary income rate of 39.6 percent. Beating the IRS out of nearly 20 percent in additional taxes. But the fun doesn't stop there.

onlinejournal.com