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Originally Posted by Sociofan
I just saw the numbers from Dick Cheney's tax return. Talk about a friggin scam. The dude makes $8.82 million last year and ultimately pays only 6% income tax!!!!!!! 6%? Do you realize how much more the rest of us paid this year? Our tax breaks get cut off once we make too much and we fall into that g-damned AMT. I can't deduct student loans, can't deduct certain job related expenses, can't deduct certain market losses, can't deduct a whole boatload of things leaving me with an effective tax rate over 17 percent. How the hell does he get so many breaks????
This is exactly how "the rich get richer". Thank you f-ing Bush. You are a friggin whore to your buddies with your targeted tax breaks.
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It looks like the Cheney's donated about $6.9 million of that $8.8million figure. Their adjusted income then comes to $1.95million. They then owed about $525k in taxes. This comes to ~25%. Not even close to the 6% figure you claim.