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Does anyone know the name of the lumber company

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Richard D Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-13-04 05:22 PM
Original message
Does anyone know the name of the lumber company
that * is part owner of?
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jean Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-13-04 05:28 PM
Response to Original message
1. here's what factcheck.org has
http://www.factcheck.org/article265.html

President Bush himself would have qualified as a "small business owner" under the Republican definition, based on his 2001 federal income tax returns. He reported $84 of business income from his part ownership of a timber-growing enterprise. However, 99.99% of Bush's total income came from other sources that year. (Bush also qualified as a "small business owner" in 2000 based on $314 of "business income," but not in 2002 and 2003 when he reported his timber income as "royalties" on a different tax schedule.)

(Oct 9; CORRECTION: What we originally reported as a "timber-growing" enterprise is actually described on Bush's tax return as an "oil and gas production" concern, the Lone Star Trust. We were confused because The Lone Star Trust currently owns 50% of another company, "LSTF, LLC", described on Bush’s 2003 financial disclosure forms as a limited-liability company organized "for the purpose of the production of trees for commercial sales." So, Bush does own part interest in a tree-growing company, but the $84 came from an oil and gas company and we should have reported it as such.)

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EmperorHasNoClothes Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-13-04 05:29 PM
Response to Original message
2. According to Time magazine
"Bush reported $84 in income in 2001 from an entity called Lone Star Trust, whose main business was oil and gas; it later listed a stake in a timber company."

Oct 18, 2004, page 28
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