Cheneys Report Fewer Tax-Exempt Holdings, Bushes None

Hume, Lynn
April 2003
Bond Buyer;4/15/2003, Vol. 344 Issue 31615, p5
Trade Publication
According to a report released by the White House in April 2003, U.S. Vice President Dick Cheney and his wife Lynne held fewer tax-exempt securities in 2002 than in 2001. President George W. Bush and his wife Laura had no such holdings. The Cheneys reported $559,461 of tax-exempt interest for 2002, down from the $778,068 disclosed for 2001. The President and his wife reported adjusted gross income of $ 856,058 for 2002. Their income included most of the president's $ 400,000 salary and investment income from the blind trusts in which the couple's assets are held. Their taxable income for 2002 totaled $771,940, on which they paid $268,719 in federal income taxes. The Cheneys reported $945,051 of taxable income, on which they paid $341,114 in taxes for 2002.


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