CAS stands for Crooked Ass Syndrome...
Click to enlarge. This is the 2006 tax savings of Bush and Cheney. And I am sure that Cheney is looking forward to Monday's conference call with Halliburton.
Halliburton 2007 Second Quarter Conference Call
HOUSTON, Texas - Halliburton (NYSE:HAL) will host a conference call on Monday, July 23, 2007, to discuss second quarter financial results. The call will begin at 9:00 AM Central Time (10:00 AM Eastern Time).
And this is interesting info from the Dickster:
Vice President Dick Cheney, who released 10 years worth of tax returns when he was selected as the nominee in 2000, came under criticism for giving just 1 per cent of his income to charity.
1 percent? Why so little? Because Cheney is lower his manipulate the tax laws to lower his income bracket and create more dividend return for his Hallibrton shares to his advantage. Here is one example:
In a 2006 article on TaxProf Blog:
Michael Kirsch at the TaxProf Blog says the vice president was a major beneficiary of the Hurricane Katrina tax relief act passed 2005.
Cheney was able to claim $6.8 million in charitable deductions, which is about three-fourths of his adjusted gross income. He was able to go over the 50 percent limitation for charitable deductions because of the Hurricane Katrina tax relief legislation.
According to a press release from Cheney's office, the charitable contributions he claimed on his 2005 tax return, were given to charities not involved with hurricane relief.
Kirsch points out even though Cheney didn't do anything wrong legally, "It does demonstrate how the legislation, which was sold to the public as providing relief to Katrina victims, provided significant tax benefits to the VP (and potentially other wealthy individuals) in situations that have nothing to do with Hurricane Katrina."
In Cheney's 2006 tax return, Cheney's dividends increase which lowered his tax bracket and created a tax savings benefit. That is a clever strategy from thief holding a high position in the White House. Cheney is the Robin Hood of America: steal from the poor and middle class and give to himself.
3 comments:
Cheney is a slickers but theirs another one waiting to take what he has. I read the life of Howard Hughes and he was brilliant in business. Yet in a moment of weakness George H. Bush sold what he had. As Hughes got sicker more people robbed him blind. He did win with his will as Hughes Medical Center is one of the richest in the world. But the Dickster came here with nothing and he'll leave with nothing. What he'll leave behind is the family he taught to be as evil as he is. Cheney can't buy his way into heaven so let's hope he takes light clothing as it will be real hot where he's going.
Evil to the Core syndrome.
LOL! Good one, Chicago Native!
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