How does that work. It's his money. Not the IRS's.
I want to know why the IRS isn't required to pay interest on it for the time it is in their posession.
IRS Repays Cheney's 1.9 Million Interest-Free Loan
For a mere $50,000, I will offer to help Dick and Lynne adjust their withholding so this doesn't happen :-)
The Clintons donated that much in used underwear.
Cheney did the opposite--he gave the Government an interest free $1,900,000 loan. At about 6% interest and assuming equal estimated tax payments, that works out to a gift to the government of about $57,000. He obviously didn't have Rush's accountant because the purpose of properly calculating one's withholding and estimated tax payments is to come in owing a little, but not enough to incur underpayment penalties. Cheney goofed by not keeping his estimated payments lower so he wouldn't have ended up making that large gift to the government.
What about Hill and Bill? What about any Democrat?
These are impressively generous people.
The reason he sold his options was because the Rats insisted he do it. Course he would have done better by holding and buying Haliburtan. He made nearly as much as BJ clinton! What a Great Country.
Pray for W and Our Freedom Fighters
So, how much interest did Cheney get for loaning the US $1.9 million of his own money? Americans should send him a "Thank You" letter for free use of his money.
Well here are the complaints at DU... surpised me tho... there are actually a few that have a brain over there that give him credit for it instead of trying to skewer him!
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=364x932079
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=364x931892
"I can't wait to hear the complaints about this."
My only problem with this is that I'd be kicking my Accountant's @ss around the block if I had a $1.9 million dollar "refund." Those dollars SHOULD have been in my pocket and at my disposal for re-investment and growth all year long, and not been an interest-free LOAN to the Government!!! (My personal beef; but it works at ALL income levels from an income like Mr. Cheney's to an income like mine...you don't make money and get ahead by giving your money to the Government to use all year. Plant your OWN Money Tree, People!)
Anyone that gets a refund is a fool, IMHO and that includes Mr. Cheney (and I secretly loooove him.)
Hire ME to handle your money, Mr. Cheney! You'll NEVER see a tax refund again, My Love. :)
Or you could say the Cheney's gave the American taxpayer a $1.9 million interest-free loan.
Now THAT deserves impeachment hearings. /sarcasm
Actually, Cheney should be mad at his "financial guy"...for not having that over 1 million dollar refund working for HIM, instead of the government...
At least that is always why I have been told not to be excited about getting a refund.
Umm, Mr. Cheney (hat in hand) . . . Well, I've been a loyal supporter, actually a big fan of yours, and, well, I was just wondering . . .