Posted on 04/14/2006 12:58:39 PM PDT by Hoodat
I'll bet that charitable donation threw him RIGHT into the alternative minimum tax category!
But I'm still pissed off about owing on the AMT for the first time ever this year, even though I made more money in previous years. I thought the AMT was only for the rich.
see my comment 20 - it sounds like he withheld the 20% max long term rate on the option exercise/sale, which if he didn't know for sure how much he would give to charity was reasonably prudent.
that said, I don't know what his AGI was in 2004 and thus don't know what the safe-harbor withholding would have been.
Cheney should say that while holding a shotgun.
Note to the humor-impaired: That was humor.
Don't want to mention that in the headline, do you, AP?
"that said, I don't know what his AGI was in 2004 and thus don't know what the safe-harbor withholding would have been."
but for publicity purposes it would not be a helpful headline if he had safe harbored and ended up owing a couple million - VP underpays taxes by 2 million, etc.......there is a political element to this either way.
"Cheney Gets $1.9 Million Tax Refund"
Whoop de doo Basil...
Cheney got a tax refund? Get the skewer now!
:-) HA! Sarcasm for your amusement.
The deceased Republican John Heinz provided the funds for Kerry.
The AP pushed the envy button again.
Probably more like a revolution (as opposed to reform) if they had to actually write a check every quarter........
LOL, that's why I said the last election was the first election in history that Republican money supported both presidential candidates.
Just in time for the weekend... and no chance to respond. Nice smear (cr)AP. You can bet this will get on all the MSM nightly newz dumps.
But...but...I thought Bush was making billions of dollars a year from Haliburton! Unless DUh lied to me all these years....
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.
I am still waiting for french john kerry and teresa's tax return from 2004
IRS Repays Cheney's 1.9 Million Interest-Free Loan
actually bush may have moved assets into a another legal structure which is not reported as income under his ssn.
I know kerry's wife has a mid-9 or 10-digit net worth, yet only showed around 5M in income on her 1040, though she didn't release the whole return. I strongly suspect there is no way she had a less than 1% or 1/2% return on her assets.
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