TAX CUTS SAVED BUSH, CHENEY $110K: President George W. Bush and Vice President Dick Cheney saved a combined $110,182 in taxes last year under the income tax cuts passed by their administration, according to an analysis of the 2004 tax returns released by the White House.President and Mrs. Bush reported total income of $784,219 on their tax return and paid $207,307 in income tax - $28,846 (12 percent) less than they would have under the pre-Bush tax law, according to a report by Citizens for Tax Justice, a Washington-based research and advocacy organization.
Figures released by the White House showed that President and Mrs. Bush reported taxable income of $672,788 for tax year 2004, including the president's salary and investment income from the trusts in which their assets are held. The Bushes contributed $77,785 to churches and charitable organizations, including Evergreen Chapel at Camp David, St. John's Church, the American Red Cross, the Salvation Army World Service Office, AmeriCares, the Susan G. Komen Foundation and the federal government's Combined Federal Campaign.
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