(BP)President Bush and Vice President Cheney are setting an example for the nation by giving at least 10 percent of their income to churches and charitable organizations.
Tax information released April 15 by the White House indicates Bush and his wife, Laura, paid $207,307 in federal income taxes on taxable income of $672,788 in 2004. The couple gave $77,785, which is roughly 10 percent of their overall gross income of $784,219, to charitable organizations and churches including Evergreen Chapel at Camp David, St. John’s Church near the White House, the American Red Cross, the Salvation Army World Service Office, AmeriCares and the Susan G. Komen Foundation for breast cancer research.
The Cheneys reported paying $394,518 in taxes on earnings of $1,328,678 in 2004. They donated $303,354 — more than 20 percent of their income — to charity.