2007-11-05 05:28:17 · 19 answers · asked by Soda 4 in Politics & Government ➔ Government
Yes. Income from federal sources are not exempt from income taxes except pay received while in a combat zone.
2007-11-05 05:30:16 · answer #1 · answered by davidmi711 7 · 0⤊ 0⤋
He not only files and pays FEDERAL taxes, but if he lives in a state that has INCOME TAXES (most states do but a few do not)... then he also pays STATE taxes on money he has earned from ANY sources he still has in his HOME STATE... for example... lets say the current President's CRAWFORD RANCH was a money making business venture... Bush would then be paying State taxes to the state of Texas for the money EARNED from the business of the ranch....however, Texas does NOT have a state income tax.... BUT. President Clinton would have paid State Taxes to Arkansas if he had any business ventures IN his home state while HE was president as Arkansas DOES have a State income tax
2007-11-05 14:03:19 · answer #2 · answered by LittleBarb 7 · 0⤊ 0⤋
Yes. The President has to file a standard Income Tax form just like everyone else.
2007-11-05 13:30:33 · answer #3 · answered by jbtascam 5 · 0⤊ 0⤋
Of course he does, and it is made public record what the President and Vice President make every year, as well as how much they pay in taxes.
2007-11-05 13:31:00 · answer #4 · answered by ItsJustMe 7 · 0⤊ 0⤋
Yes.
But like most politicians at the federal level their incomes are above the caps for Social Security and Medicare so ineffect they don't pay those taxes. Their incomes also allow access to good lawyers to help them avoid taxes.
2007-11-05 13:50:05 · answer #5 · answered by J.J. 2 · 0⤊ 0⤋
of course they do. and if you go back and check the income taxes paid by the presidential nominees from both parties last election cycle, you'll find George Bush paid much more than Kerry did, even though Kerry has much more assets and has earned and has access to much more funds. Search even deeper and see what other fun facts you can find out about candidates. I bet you'll be surprised.
2007-11-05 14:28:49 · answer #6 · answered by Wayne G 5 · 0⤊ 0⤋
LOL
Of course....that is why the big earners in the US pay the less taxes and us little worker bees get stung every year in taxes.
2007-11-05 13:37:02 · answer #7 · answered by Sandy Dahling! 3 · 0⤊ 0⤋
Yes, and what he pays is also revealed on the evening news.
2007-11-05 13:36:38 · answer #8 · answered by Gary H 3 · 0⤊ 0⤋
yes, and his tax returns are available under the access to information laws.
2007-11-05 13:30:44 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Yes.
2007-11-05 13:30:51 · answer #10 · answered by Anonymous · 0⤊ 0⤋