[cnn-photo-caption image= http://i.cdn.turner.com/cnn/2008/images/04/11/art.bushtaxes.ap.jpg caption="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.