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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: epicure who wrote (210656)	12/14/2006 6:25:43 PM
From: mistermj	Respond to of 281500

Dick Cheney Donates Millions to Charity NewsMax.com ^ \| April 15, 2006 \| Carl Limbacher Posted on 04/14/2006 9:37:44 PM PDT by Carl/NewsMax In one of the largest sums ever donated to charity by a U.S. public official, Vice President Dick Cheney and his wife Lynne gave away nearly $7 million last year to help the poor and to medical research. According to income tax information released by the White House on Friday, the Cheneys' adjusted gross income in 2005 was $8,819,006. The sum was largely the result of Mr. Cheney's stock options from Halliburton and royalties from three books written by Mrs. Cheney. The Cheneys gave more than three-quarters of their income - $6,869,655 - to several charities, including George Washington University's Cardiothoracic Institute and a charity for low-income high school students in the Washington, D.C. area, Capital Partners for Education. The Cheneys' charitable generosity stands in marked contrast to that of their predecessors, whose sometimes stingy donations became a national embarassment. In 1997 for instance, Al and Tipper Gore contributed just $353 to charity, a sum that raised eyebrows even in friendly media circles. The Los Angeles Times noted, for instance, that the Gores' slender donation "caused some bewilderment in philanthropic circles because of the vice president's 'good guy' image as an advocate for public service and social causes." The same year the Gores gave $353 to charity, they reported $197,729 in adjusted gross income.

To: epicure who wrote (210656)	12/14/2006 8:14:50 PM
From: geode00	Read Replies (1) \| Respond to of 281500

Bushes' Assets May Top $20 Million; Cheneys', $94 Million By Brendan Murray Bloomberg News Tuesday, May 16, 2006; A03 President Bush and his wife, Laura, had assets valued between $7.2 million and $20.9 million last year, up from as much as $18.1 million a year earlier, annual disclosure forms released last night showed. Bush, who says his economic policies have helped Americans increase their wealth, is still making up ground from the start of his first term in 2001, when he and his wife reported assets of as much as $24 million. Vice President Cheney disclosed a portfolio worth as much as $94.6 million in 2005. Most of the Bushes' wealth was in real estate and a diversified trust, which combined were worth as much as $10 million, the 18-page statement showed. Much of the rest of their holdings were U.S. Treasury notes and certificates of deposit. The 1,583-acre Bush ranch near Crawford, Tex., was estimated to be worth between $1 million and $5 million, the same range given in last year's filing. Bush also disclosed a health savings account worth as much as $15,000 and a 401(k) retirement plan from his days as Texas governor valued at as much as $250,000. Bush, 59, reported receiving gifts including a $400 pair of binoculars from Cheney and his wife, Lynne; an Apple Computer Inc. iPod music player and a book titled "The Message: The Bible in Contemporary Language," written by Eugene H. Peterson, from U2 lead singer Bono; and a chain saw, with accessories, from Home Depot Inc. President Robert Nardelli. Bush paid $187,768 in taxes on taxable income last year of $618,694, according to returns the White House released April 14. The president's salary last year was $400,000. Bush made his fortune as part owner of the Texas Rangers major league baseball team. His initial investment of $530,000 in 1989 soared to almost $15 million when he sold his share of the team to venture capitalist Tom Hicks in 1998. The biggest assets Cheney reported for last year were mutual fund holdings in the American Century Investments International Bond Fund and the Vanguard Group's Short-Term Tax-Exempt Fund Admiral Shares, each valued at between $5 million and $25 million. The Cheneys reported owing $529,636 on taxable income of $1,961,157 in 2005, according to their tax return, released last month. The couple's total income in 2005 was $8.8 million, largely as a result of stock options Cheney, 65, received before stepping down as chairman of Houston-based Halliburton Co., the world's largest oil-field services company, to run for vice president in 2000. For Christmas, Bush gave Cheney a $338 hammock on a steel stand.