Saturday, April 15, 2006

US - Vice President Cheney's $1.9 million refund

Wow! The Vice President is getting a $1.9 million dollar tax refund! Ah, the rich get richer, eh? Not exactly.

The Cheneys aren't getting more money from the Government, they're getting back overpayments on their taxes.

After subtracting the charitable contributions, the Cheneys' income was $1.95 million on which they owed $529,636 in taxes, according to a statement released by the vice president's office.

Since the Cheneys paid $2.46 million in withholding and estimated taxes over the year, they were entitled to a refund of about $1.93 million.


So how much did the Cheneys give to charity?

The Cheneys donated about $6.87 million to charity from the stock options and royalties earned on Mrs. Cheney's books:...


They gave nearly $7 million to charity!
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