Berkeley CSUA MOTD:Entry 37210
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2025/05/25 [General] UID:1000 Activity:popular
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2005/4/15-17 [Reference/Tax] UID:37210 Activity:low 57%like:37212
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