2 posts tagged “irs refund”
President and Mrs. Bush Release 2007 Tax Return
President and Mrs. George W. Bush reported taxable income of $719, 274 for the tax year 2007. This resulted in a total of $221,635 in federal income taxes paid by President and Mrs. Bush.
The President's 2007 income included salary earned as President and investment income from the trusts in which the President and Mrs. Bush's assets are held. The tax return also reports a $150,000 advance received by Mrs. Bush for the children's book she co-authored with Jenna Bush. Mrs. Bush donated all net proceeds from the advance to Teach for America and the New Teacher's Project.
President and Mrs. Bush contributed a total
of $165,660 to churches and charitable organizations, including the
Crawford Volunteer Fire Department, Susan G. Komen For the Cure,
Malaria No More Fund, Martha's Table, and St. John's Church.
the Treasury Department will begin delivering the first of these tax rebates by direct deposit. During the first week alone nearly 7.7 million Americans will receive their tax rebates electronically. Then on May 9th, the IRS will begin mailing checks to millions more across America.
President George W. Bush delivers a statement Friday, April 25, 2008, on the South Grounds of the White House regarding the economic stimulus rebate checks. "I'm pleased that the Treasury Department has worked quickly to get the money into the hands of the American people. Starting Monday, the effects of the stimulus will begin to reach millions of households across our country." White House photo by Joyce N. Boghosian By this summer, the Treasury Department expects to have sent rebates to about 130 million American households. These rebates will provide eligible Americans with payments of up to $600 a person, $1,200 for couples, and $300 per child.
If you've already filed your income tax return your rebate is on the way. Even if you don't owe any income taxes you may still be eligible for a check, but you need to file a form with the IRS. And it's not too late to do so. Now, you can find out information as to how to proceed by calling your local IRS office, or go to the IRS website.
They want to make sure everyone who's eligible for a check gets one on a timely basis. This money is going to help Americans offset the high prices we're seeing at the gas pump and at the grocery store, and it will also give our economy a boost to help us pull out of this economic slowdown.
I'm pleased that the Treasury Department has worked quickly to get the money into the hands of the American people. Starting Monday, the effects of the stimulus will begin to reach millions of households across our country.
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