April 11th, 2008
02:24 PM ET
10 years ago

Bush earned $719,000 in 2007, tax return shows

Bush released his tax returns Friday.

Bush released his tax returns Friday.

WASHINGTON (CNN) - President and Mrs. George W. Bush reported taxable income of $719, 274 for the tax year 2007 and paid $221,635 in federal income taxes, the White House said Friday.

They contributed a total of $165,660 to churches and charitable organizations, including the Crawford (Texas) Volunteer Fire Department, Susan G. Komen For the Cure, Malaria No More Fund, Martha's Table, and a St. John's Church.

Vice President Cheney and his wife earned $2,528,068, the White House said, and owe taxes of $602,651. The Cheneys paid $466,165 in taxes through withholding and estimated tax payments, and will pay the remaining $136,486 upon filing their tax return.

Bush's income included salary earned as president and investment income from the trusts in which his and his wife's assets are held. The tax return also reports a $150,000 advance received by Laura Bush for the children's book she co-authored with daughter Jenna.

Laura Bush donated all net proceeds from the advance to Teach for America and the New Teacher's Project, the White House statement said.

Filed under: President Bush
soundoff (136 Responses)
  1. jw, canadian,ok

    Poor George – see he is poor like you and me.

    April 11, 2008 02:26 pm at 2:26 pm |
  2. cyp

    Way to go Laura.

    April 11, 2008 02:26 pm at 2:26 pm |
  3. Will in Virginia


    April 11, 2008 02:27 pm at 2:27 pm |
  4. ART in TX

    Glad he is showing his statements but I'm scratching my head on this one. Is he trying to be "vetted" for something? Bush wants to continue a failed war. I care didley squat about his tax returns.

    April 11, 2008 02:27 pm at 2:27 pm |
  5. Jack Hicks, Fort Myers

    Looks like Bill Clinton even beat GW Bush in earnings.

    Not bad for a President who was almost impeached for abuse of power as President–and fraternization with a subordinate as Commander and Chief.

    April 11, 2008 02:30 pm at 2:30 pm |
  6. DM Arlington, TX

    Bush will get paid once he leaves office. His is may act dumb but when it comes to money he on the top of his game.

    Wow, we lost so many soldiers on the whims of a mad man.

    April 11, 2008 02:31 pm at 2:31 pm |
  7. Sam, Menlo Park

    So are they including the offshore accounts where money is funneled from Iraq and kickbacks from Haliburton – or is his Daddy holding those funds for him until he leaves office?

    April 11, 2008 02:32 pm at 2:32 pm |
  8. April in Texas

    Well hes poor compared to the Clintons it seems.. Still not anywhere near as little as we make though.

    April 11, 2008 02:32 pm at 2:32 pm |
  9. Scott

    Wow so the Bush's and Clinton's practice the old standard of the Friday dump. Very telling for two like people. What is even more shocking is that Bush made far less then the Clintons. I wonder how the Clintons made so much more money? It couldn't be Bill going around making deals with other countries on behalf of his wife. It couldn't be that Bill caters to lobbyist. No it all comes from his books, what a load of crock.

    April 11, 2008 02:33 pm at 2:33 pm |
  10. Art

    Just THINK how many pretzels he can gobble down with that!

    April 11, 2008 02:33 pm at 2:33 pm |
  11. Rob

    No President makes real money until after they leave the White House because then they write books, and make tons of speeches.

    April 11, 2008 02:34 pm at 2:34 pm |
  12. Tom

    Whoopity do da. Why is this news? Bush releases his tax returns this year, why is CNN suddenly interested?

    April 11, 2008 02:35 pm at 2:35 pm |
  13. Dre

    That seems like a lie to me, what information did they block out is all I want to know. You cannot be earning that little bit of money and act like the rest of America being in poverty is not your concern, when that is not considered a lot of money to me.

    April 11, 2008 02:35 pm at 2:35 pm |
  14. Uncle Sam

    The Bushes generously donated over 20% of their income to charity. For those who have difficulty saying something positive about our president, remember what goes around comes around.

    April 11, 2008 02:36 pm at 2:36 pm |
  15. AllAmericankid, Marietta, GA

    Thanks, but i'll rather see Cheney's tax return. ! 😦

    However can you show us your tax returns a year after your presidency?

    April 11, 2008 02:37 pm at 2:37 pm |
  16. MIKE

    If he didn't make public his tax returns people would be screaming. Now he did and they are still complaining. Come on guys no one is all Bad, give him a break!

    April 11, 2008 02:38 pm at 2:38 pm |
  17. BCNU

    Wow, he makes less than the Clintons and gives more to charity (and not his own). Such a greedy rich guy.

    April 11, 2008 02:38 pm at 2:38 pm |
  18. simon

    20% is way more than the 1% the Obamas, millionaires, had donated to charity.

    April 11, 2008 02:39 pm at 2:39 pm |
  19. Mike in AZ

    As others, I find it interesting his income and its sources. What is alluded to in ART in TX is likewise interesting. Let's see – huge income, great health care, great transportation to wherever he wishes, foibles and follies and indeed some pure madness all over the globe – AND ALL THIS PAID FOR BY OTHERS – WE, THE TAXPAYERS!!!!
    Maybe we should get reimbursed for a bad investment, sort of like Bear Sterns !!

    April 11, 2008 02:39 pm at 2:39 pm |


    April 11, 2008 02:40 pm at 2:40 pm |
  21. Richard

    Oh good, Bush and I are in the same tax bracket 🙂

    April 11, 2008 02:40 pm at 2:40 pm |
  22. CJ in Canada

    I don't like President Bush at all, but I can't help but be impressed by his charitable donations. He contributed more than 20% of his earnings. That's probably better than most people posting on this website.

    April 11, 2008 02:41 pm at 2:41 pm |
  23. rdbtwthlins

    "contributed a total of $165,660"

    A generous 23%

    April 11, 2008 02:41 pm at 2:41 pm |
  24. Katie

    Bush and Cheney should be donating some of their hard earned cash to the war!

    April 11, 2008 02:41 pm at 2:41 pm |
  25. Wayne, Greenville TX

    What a collosal waste of $719, 274. This guy isn't even qualified to hold down a minimum-wage job at Wal-Mart.

    April 11, 2008 02:41 pm at 2:41 pm |
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