Bush paid almost 30 percent in taxes

by on April 14th, 2004


WASHINGTON (AP) — President Bush reported $822,126 in adjusted gross income for last year, on which he paid $227,490 in federal income taxes — or about 28%, according to the president’s federal returns released Tuesday by the White House.

Bush and his wife, Laura, listed as income his presidential salary, interest and the investment income from trusts that hold their assets.

The Bushes’ income and tax bill was slightly lower than the previous year, when the First Couple reported $856,056 in adjusted gross income and paid $268,719 in federal income taxes. For 2002, the Bushes paid about 31% of their income in federal taxes.

Etalkinghead Staff