Cheney tax refund

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Cheney's $1.9 Million Tax Refund

April 14, 2006 · According to the "first tax return," President Bush made $735,180 in gross income last year, including his salary of about $400,000 and other investment income. He and Mrs. Bush paid $187,768 in taxes.

Interesting. But get this: Vice President Cheney and his wife Lynne brought in a gross household income of $8,819,006. After they gave a lot -- and I mean a lot -- of that to charity, the family's taxable income was $1,961,157. But because so much cash went through their accounts, the IRS withheld a whole lot more than the Cheneys owe -- the result being, and I hope you're sitting down here, a roughly $1.9 million tax refund.

Now, if you're like me, you make elaborate plans for your tax refund. Most years I use mine on the house or the car... maybe a new computer or something. This year, mine will buy me a couple of extra months of maternity leave. But imagine the possibilities if your tax refund was close to $2 million. Not just go on a resort vacation, but buy the resort?!

I look forward to your suggestions for the Cheneys.

-- Andrea Seabrook
http://www.npr.org/templates/story/story.php?storyId=5343060

[Cornus]

1. Very poor planning

It's best to try to break even...i.e. owe a little or get a little back.