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To: MikeinIraq

Hume had the earnings numbers, but I didnt get them written down...
it was A LOT HIGHER than what the Bushes made and reported...
======
In that case, they are moving the money to places that are tax deferred or exempt. Nice when you have ALOT of money, you can play games with some of it.


54 posted on 10/11/2004 5:29:32 PM PDT by EagleUSA
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To: EagleUSA

Teresa actually recognizes relatively little income compared to her great wealth, probably whatever she needs to maintain her many homes, cars and her jet. Most of her income is the interest on tax-free municipal bonds. The rest is dividends and capital gains (taxed at the new low Bush rate) so her average tax rate on recognized income is extremely low. She has no salary income and pays no Social Security and absolutely nothing into Medicare like the rest of us. If she wanted to "spend" more, she would have to sell assets and incur capital gains, again taxed at the low Bush rate.


55 posted on 10/11/2004 5:54:06 PM PDT by littleleaguemom
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