Bush Reports 642,905 Of Taxable Income In 2006

Washington (eCanadaNow) - US President George W Bush and first lady Laura Bush reported a taxable income of 642,905 for 2006, the White House said Friday.

The Bushes paid a total of 186,378 dollars in taxes based on the president’s salary and investment income from the trusts holding their assets, the White House said. The US president received an annual salary of 400,000 dollars.

Bush and his wife donated 78,100 dollars to various organizations and charities. The taxable income does not reflect the entire amount earned because it does not include deductions that come through donations and tax laws.

Vice President Dick Cheney and wife Lynne reported 1.6 million dollars in income, based on his salary of 208,575 dollars, and paid 413,326 dollars in taxes for 2006.

The Cheneys donated 104,425 dollars to charity in 2006, bringing his total contributions to charity since he became vice president in 2001 to 7.8 million dollars, the White House said