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Bushes pay $268,719 in federal taxes

Cheneys report $945,051 in income

Bushes
President Bush gestures to repeat a question from reporters as he stands next to first lady Laura Bush Friday.

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WASHINGTON (CNN) -- President Bush and first lady Laura Bush earned $771,940 in taxable income this past year and paid $268,719 in federal income taxes, the White House said Friday.

Both figures are up from 2001, when the first family reported $711,453 and paid $250,221 in federal taxes.

This past year's earnings included the president's $400,000 annual salary and income from trusts, the White House said.

The Bushes donated $82,700 to churches and charitable organizations, ranging from donations to September 11 charitable funds, and to the Tarrytown United Methodist Church in Austin, Texas, and Southern Methodist University, Mrs. Bush's alma mater.

Vice President Dick Cheney and Lynne Cheney made $945,051 in 2002 and got a tax refund of $95,858. The Cheneys had paid $436,972 in taxes through withholding and estimated tax payments, when it turned out they owed $341,114, his office said.

The income included the vice president's $190,134 salary. In addition, Cheney earned $162,392 as a result of deferred compensation from when he headed Halliburton Company. In December 1998, Cheney deferred his 1999 salary as Halliburton chief executive, electing instead for it to be paid over five years, his office said.

The Cheneys' income also included Lynne Cheney's earnings for her work at American Enterprise Institute, Reader's Digest and American Express Mutual Funds.

The Cheneys donated $121,983 to charity in 2002, most of it from donating Mrs. Cheney's royalties from her book "America: A Patriotic Primer" and her forthcoming book "A is for Abigail."


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