4/15 Dubya's 2004 Federal tax numbers:
AGI: $784219
Taxable income: $672788
Total tax: $207307
Effective (not marginal) tax rate: 26.43%
\_ Is he still considered a TX resident so he doesn't have to pay
state tax?
\_ How do you get $110,000 in deductions?
\_ ~$80k of charitable contributions, I think.
\_ Of that, $10k for the tsunami, as far as I remember.
\_ Not that hard. Buy a $2M house and finance 80% of it.
Capital losses. Business losses. Depreciation on rental
property. Hell, I made 1/7 of what Bush did and deducted
$30K. Seems right in line.
\_ No, you can only deduct the interest of up to $1M mortgage.
I suppose you can just buy a $10M house and deduct the
property tax.
\_ Is there a huge difference here between a $1.5M
mortgage and a $1M mortgage?
\_ This brings up a question; if you were the President, and
wanted to paint the White House some other color, could you?
\-rainbow/google coalition.
\_ BLACK LIKE MY SOOOOULLLL!!!!! --rivethead |