Saturday, April 15, 2006

Good news for tax day: the Cheneys will be receiving a tax refund of $1.9 million. Who says the Bush tax cuts haven't helped the middle class?

As a result, the Cheneys' taxable income was $1.96 million. In a statement, the White House said that over the course of the year, the couple paid $2.5 million in taxes through withholding and estimated tax payments, in part to deal with the exercise of the stock options. Given that their 2005 taxes are a little over half a million dollars, they are due a refund of about $1.9 million, the statement said.

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