2006-10-02 12:47:37 · 15 answers · asked by john doe 5 in Politics & Government ➔ Politics
i have 100 answers on my email,but they dont show up on yahoo,somehow and it always happens talking about bush,you get cut off
2006-10-02 12:55:03 · update #1
a guy just said,he cares gas went down to 2.25,thats only 1.25 more than befor he came.hes a oil tycoon,people are you blind?
2006-10-02 13:00:01 · update #2
another guy just said the pres makes .75 mil a year,nowonder we are going down the tubes,like robots,bush i will follow u ,bush i will follow u
2006-10-02 13:04:43 · update #3
Of course. If we don't pay $5/gal his bed partners in Saudi won't get the price he's promised them for crude (via the Bilderbergers)..
2006-10-02 12:49:39 · answer #1 · answered by Gaspode 7 · 1⤊ 3⤋
Rather than relying on some rumor that you "heard," why not just take a look at his tax return? It's made public every year.
If you bother to look you will see that most of Bush's non-salary income came from The Loan Star Trust, and totals a little over $300,000 for 2005. The Lone Star Trust is invested in natural gas and oil, but it is a blind trust.
(A blind trust is "A trust in which the executors have full discretion over the assets and the beneficiaries in contrast have no knowledge of holdings within the trust.")
So his income from gas and oil is around $1,000 a day, not the $1,00,000 a day you "heard" about. Your source was off be a factor of 1,000. I'd say you need to find a better source, like Fox News for instance.
2006-10-02 12:52:10 · answer #2 · answered by Jay S 5 · 3⤊ 0⤋
April 14, 2006
President and Mrs. Bush Release 2005 Tax Return
President and Mrs. George W. Bush reported taxable income of $618,694 for the tax year 2005. This resulted in a total of $187,768 in federal income taxes paid by President and Mrs. Bush.
The President's 2005 income included salary earned as President and investment income from the trusts in which their assets are held.
President and Mrs. Bush contributed $75,560 to churches and charitable organizations, including the American Red Cross - Hurricane 2005 Relief, the Salvation Army - Hurricane 2005 Relief, the Salvation Army - Pakistan Earthquake Relief, Martha's Table, the Archdiocese of New Orleans Catholic Charities, the Mississippi Food Network, and the Federal Government's Combined Federal Campaign.
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http://www.whitehouse.gov/news/releases/2006/04/20060414-1.html
2006-10-02 12:58:07 · answer #3 · answered by Jean R 3 · 1⤊ 1⤋
The prices went up because Congress would not pass lawsuit protection for MTBE makers. Then ethanol became a requirement. There was not enough ethanol available and thus prices went up. It did not help that this all happened in April, just before the peak driving season.
2006-10-02 13:49:00 · answer #4 · answered by Chainsaw 6 · 1⤊ 1⤋
Probably makes more than that.
I am doing good in my oil company stocks.
You should have bought them while they were low.
The thing about stocks, is they are not considered income until AFTER you sell them. He can hold them for decades and they just increase in value, make several billion, and he doesn't have to pay any tax on it until he sells. They would not be reported on his income tax because the capital gain has not been realized.
He does have to pay tax on the dividends though, but he did reduce taxes on dividends.
2006-10-02 23:38:43 · answer #5 · answered by Anonymous · 0⤊ 1⤋
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2016-11-25 23:29:20 · answer #6 · answered by ? 4 · 0⤊ 0⤋
Since no sources are provided One cannot believe everything he hears. First fuel prices are dropping so your 5 dollar argument is null and void. Second if he is making that kind of money, well don't blame him go buy your own stock. Third the US has nothing to do with oil prices
2006-10-02 12:51:34 · answer #7 · answered by Anonymous · 3⤊ 2⤋
You heard wrong!
In 2004, the president and first lady Laura Bush reported $784,219 in adjusted gross income and paid $207,307 in federal income taxes. See this web link http://www.msnbc.msn.com/id/12318056/
2006-10-02 12:55:45 · answer #8 · answered by curious george 5 · 2⤊ 1⤋
you're paying 5 bucks a gallon? wow you're getting ripped off. i'm only paying 2 dollars.
2006-10-02 13:11:46 · answer #9 · answered by Anonymous · 2⤊ 1⤋
Nice sources
Typical for a liberal
Lets do some research first though....
http://www.conocophillips.com/newsroom/other_resources/energyanswers/oil_profits.htm
2006-10-02 12:53:51 · answer #10 · answered by John 3 · 2⤊ 2⤋