The 2002 tax return of President George W. Bush and his wife, Laura, shows itemized charitable deductions totaling $69,925, or about 8 percent of their income, the Associated Press reports. The White House also released the return filed by Vice President Dick Cheney and his wife, Lynne.
The Bushes paid $268,719 in federal income tax on adjusted gross income of $856,056, which included the president's salary and income from investments. The couple itemized deductions totaling $84,118, including $69,925 that they donated to churches and tax-exempt organizations and institutions, among them Southern Methodist University, Evergreen Chapel at Camp David, Tarrytown United Methodist Church in Austin, Texas, and the government's Combined Federal Campaign.
The Cheneys owed $341,114 in federal income tax on an adjusted gross income of $1.2 million, which included the vice president's $190,134 salary and $162,392 in deferred compensation from Halliburton Co., the Dallas-based energy services company he headed until August 2000. The couple's income also comprises Lynne Cheney's compensation for her work at the American Enterprise Institute, a D.C.-based think tank, and for serving on the boards of the Reader's Digest Association and American Express Mutual Funds Board Services Corp. Cheney also writes children's books, royalties from which accounted for most of the $121,983 the couple donated to charity in 2002.