Following the release of tax returns by the Clintons and the Obamas, the president and vice president have released copies of their returns.
The Bushes reported taxable income of $719,274 for 2007. George and Laura Bush paid a total of $221,635 in federal income taxes. The president's 2007 income included his salary and investment income from the trusts in which his and the first lady's assets are held. The tax return also reports a $150,000 advance received by Mrs. Bush for the children's book she co-authored with her daughter Jenna. Mrs. Bush donated all the net proceeds of the advance to the organizations Teach for America and the New Teacher's Project.
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