If Bush DOESN'T own timber co., then he LIED on his 2001 Tax Return

[npincus]

Suspend disbelief for a moment, that Bush actually DOES know- at least in his own financial portfolio- what is he has, then his surprise at hearing Kerry declare him part-owner of a timber business is understandable. So, it follows that perhaps a little creative accounting or flights of fancy went into prepearing his 2001 Tax Return. I would be curious to know WHO this company is, WHAT relation they have to the Chimp, and does he in fact have ownership in the company- and at what PRICE (as in polital favors)?

The Annenberg analysis said Bush qualifies under that definition because he reported $84 in income from his part-ownership of a timber enterprise on his 2001 federal tax return.

[radfringe]

1. Timber! Bush Caught Lying About Lumber Business

Timber! Bush Caught Lying About Lumber Business in the Second Debate. Take Him to the Woodshed

http://www.buzzflash.com/buzzscripts/buzz.dll/sub3

I was surfing on the Internet when I heard President Bush assert strongly that he owned no timber business and made the stupid joke about someone needing wood in response to the assertion of John Kerry that Bush did indeed own such a business. I went to factcheck.org at this site http://www.factcheck.org/article.aspx@DocID=265 and found the following which says:

"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.)"