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. Paul

    Don't complain about gas prices, stop buying gas powerd cars lol thats what I did and I spent 95% less money this year than last year on transportation.

    April 11, 2008 03:26 pm at 3:26 pm |
  2. Derrick

    what is great about the U.S with its president earning like an average American who pick up three simultaneous factory jobs.

    April 11, 2008 03:27 pm at 3:27 pm |
  3. Lisa

    This is the guy who won the election because he seemed to be the one most voters could see themselves having a beer with. He better be the one buying the rounds, for several nights, for everyine in the bar! You stupid morons who voted for him, shame on you...he left without money to fill your tank!!!

    April 11, 2008 03:29 pm at 3:29 pm |
  4. Tanya K

    Nobody cares!!!!!!!!!!!!!
    We are just happy the stupid S.O.B. is leaving!!!!!!!!!!!!!!!!!!!!!!!

    April 11, 2008 03:34 pm at 3:34 pm |
  5. Johnson

    For the job that he has been doing managing the country he should have been fired a long time ago. He should have been making $0 and be begging like a bum on the street .

    April 11, 2008 03:35 pm at 3:35 pm |
  6. DJ, LA, CA

    Cheney received a $20 MIL deferred "severance" package from Halliburton.

    Wonder what Bush' cut or interest on that might be?

    April 11, 2008 03:37 pm at 3:37 pm |
  7. Jay

    How come bush's tax is about 33% of his income and cheney's is only 25% of his even though he made much more!!! Something doesn't add up.

    April 11, 2008 03:40 pm at 3:40 pm |
  8. Jorge Villa

    Vice President Cheney and his wife earned $2,528,068, the White House said.

    President and Mrs. George W. Bush reported taxable income of $719, 274.

    WOW. Vice President makes more then the president. mmmmm...

    4 more years???

    April 11, 2008 03:42 pm at 3:42 pm |
  9. A REAL American

    Well said Uncle Sam... so many people, like Sam from Menlo Park, suffer from Bush Derangement Syndrome in this country (and need serious medication!). They take every opportunity to bash the president, calling him a Nazi, war criminal, racist, idiot, but they REFUSE to give him any credit when something good about him comes to light. This man gave 20% of his income to charity.... how many Democrats can say that? I'm guessing very few.

    Ironic how so few of the typical hateful liberals are commenting on this article, isn't it? Usually you see 200+ comments when the name "Bush" comes up!

    April 11, 2008 03:42 pm at 3:42 pm |
  10. howard

    My big question is, how have the president and vice-president made way, way more money than their annual salary this past year? Your telling me their taxable income came straight from their salaries plus investment dividends? Don't give us a number and then leave out the source. Come on CNN, do some investigating.

    April 11, 2008 03:42 pm at 3:42 pm |
  11. Mark From Colorado

    Not bad for a loser that has never held a real job!

    April 11, 2008 03:45 pm at 3:45 pm |
  12. rice, bryan

    i wonder if he will be in the cheese line with the rest of the unemployed when he is out of office

    April 11, 2008 03:48 pm at 3:48 pm |
  13. honkey white guy from cali

    let see how much he and his number 2 make after they leave office no one will ever see that although good on them for there charity! At least laura has done some good for the country more than her husband I would be willing to bet those charitable donations were her idea as well!

    April 11, 2008 03:49 pm at 3:49 pm |
  14. Michael Lorton, Virginia

    I guess answering the phone at 3:00 am in the morning has it executive perks.......I wonder if my tax liability of $887 contributed to his salary? You know what they say, "one man's loss is another man's gain."

    April 11, 2008 03:49 pm at 3:49 pm |
  15. Hillary 08

    I wouldn't trust this as far as I could throw Bush

    April 11, 2008 03:51 pm at 3:51 pm |
  16. Alex

    Cheney is only paying like 23% income tax. He is the vice-president of the United States. He should not be putting his money in tax shelters and trying to avoid paying for the mess that their administration is forcing us to pay for. The man is a criminal.

    April 11, 2008 03:52 pm at 3:52 pm |
  17. Barky von Schnauzer

    Wait a minute..... the President made LESS than his VP? Maybe I ought to get into politics.

    April 11, 2008 03:56 pm at 3:56 pm |
  18. erika morgan

    And how is this news, how much is stolen, how much is deferred to be taken off shore. i.e. WHO CARES

    April 11, 2008 03:57 pm at 3:57 pm |
  19. Bond_dallas

    If Clinton or Mcain is president, we will miss Bush. I am from Texas, I hate what he has done to the America and to the world, but you gotta love him though. We will miss him if Clinton becomes president. Just watch.

    Obama O8

    April 11, 2008 03:58 pm at 3:58 pm |
  20. doyo

    That meanse, the AICPA and SEC may need to revise their professional Accounting ethical standards accordingly.

    I am just curious!

    April 11, 2008 03:58 pm at 3:58 pm |
  21. ART in TX

    simon April 11th, 2008 2:47 pm ET

    The Clintons donated 10%, the Bushes donated 20%; however, the Obamas only donated 1%. Guess all those words Obama says about "Change" is change he wouldn't give to charity.

    Let me break it down for you. The Clintons and Bushes have way more money than tey are letting be known. Plus, they don't have two small children to care for. I love how folks try to judge an Obama they don't even know while they defend corruption at every turn.

    If Clinton or McBush get in the white house, this country deserves what it gets.

    April 11, 2008 04:00 pm at 4:00 pm |
  22. Molly S

    VP Cheney 'earned' 3.5 times what Pres Bush 'earned'. Cheney paid almost 24% of his income to taxes and Pres Bush paid 30% of his income to taxes. How much do taxpayers provide in 'support' to both of these men and their families? ..living accommodations, travel, expenses like food, health care and all the things we taxpayers have to pay out of our pocket. The money these men earn can be spent completely on discretionary items as all their necessary expenses are footed by us. Don't forget they will be getting lifetime defined benefit pensions beginning in 2009; no need to worry about defined contribution plans which might run out.

    April 11, 2008 04:00 pm at 4:00 pm |
  23. Mark From Colorado

    Cheney should have to donate everything he has made on increases in Haliburton stock to charity. (That includes stock he hasn't sold yet) Doesn't seem right to lie us into a war and then profit from it by insisting they be awarded no bid contracts. Talk about a conflict of interest. No Corporation would allow that kind of conflict of interest. IT'S NOT RIGHT! No way, No how!

    April 11, 2008 04:02 pm at 4:02 pm |
  24. Not a clue

    I don't have a clue why Bush did this. He's not running for office, and at this point in his administration, after all the secrecy and nonsense, he's releasing his tax returns? Who cares? I'd much prefer to see where all the money is going when it's being spent on Iraq (no, not the carefully-crafted report, the ACTUAL destinations). I will be so happy when this man becomes Crawford's problem again. On a happier note, the next president will be better. We can't get any worse.

    April 11, 2008 04:02 pm at 4:02 pm |
  25. ***AMERICAN***

    Nice gig if you can get it.

    Thanks GW for being a stand up guy and giving to charity. I make about $50,000 ang give about 15%. I wish I could give more. You are a good example of giving to others and not your own charity.

    April 11, 2008 04:03 pm at 4:03 pm |
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