Speaking of Tax Refunds...
 

"RCE" wrote in message
...

My conclusion? The US population is far more diverse, argumentitive and
opinionated in politics than most, if not all, of the rest of the world in
my limited view, yet we have had a very successful run to date.
Interesting .

RCE


Beats places like South American, where you can get trampled to death
because your soccer team lost. Or won.

Speaking of Tax Refunds...
 

"Doug Kanter" wrote in message
...
"RCE" wrote in message
...

My conclusion? The US population is far more diverse, argumentitive and
opinionated in politics than most, if not all, of the rest of the world
in my limited view, yet we have had a very successful run to date.
Interesting .

RCE


Beats places like South American, where you can get trampled to death
because your soccer team lost. Or won.


Came close here in Boston a couple of years ago though .... outside Fenway
Park.

RCE

Speaking of Tax Refunds...
 

"Harry Krause" wrote in message
...
Doug Kanter wrote:
"DSK" wrote in message
...

In any event, since they donated it to charity (can't help but wonder
which charities are the lucky recipient) it's somewhat of a moot point.

Duh. Obviously, it went through a series of overseas banks, into the
coffers of some Islamic "charity" which specializes in supplying
terrorists with explosives and spare parts for small arms. Without
"insurgents", Dicky won't have a job waiting for him in a few years.


At least Cheney is a competent evil-doer! :}

The CIA pulls stunts like this all the time, but that's what they're paid to
do.

Speaking of Tax Refunds...
 

On Mon, 17 Apr 2006 08:58:41 -0400, Harry Krause
wrote:

Fred Dehl wrote:
"RCE" wrote in :

Donating $6.87 million to charity in one year kinda screws up your tax
planning.

Harry doesn't even donate $6.87 to charity, I'd wager.


Au contraire. You've moved up on the treatment waiting list, because I
donated $6.87 to the Society to Assist Slow-Witted, Foul-Mouthed
Buttsniffers.

It sure didn't take your political crap long to devolve into a name-calling
fest, did it?
--
'Til next time,

John H

******************************************
***** Have a Spectacular Day! *****
******************************************

Speaking of Tax Refunds...
 

Harry Krause wrote:
RCE wrote:
"Harry Krause" wrote in message
. ..
Shortwave Sportfishing wrote:

For a former "reporter" Harry, you seem to have a strange way of
working a story.

From Friday's NYT - buried, but it was there. Please note the first
and last paragraphs.

--------------------------------

"The Cheneys reported adjusted gross income of nearly $8.82 million, a
number largely padded with income they received by exercising stock
options that had been set aside in 2001 for charity.

The Cheneys donated about $6.87 million to charity from the stock
options and royalties earned on Mrs. Cheney's books: "America: A
Patriotic Primer," "A is for Abigail: An Almanac of Amazing American
Women" and "When Washington Crossed the Delawa A Wintertime Story
for Young Patriots."

Recipients of their charitable donations included: George Washington
University Medical Faculty Associates for the benefit of the
Cardiothoracic Institute, the University of Wyoming Foundation and
Capital Partners for Education, to benefit low-income high school
students in the Washington area.

After subtracting the charitable contributions, the Cheneys' income
was $1.95 million on which they owed $529,636 in taxes, according to a
statement released by the vice president's office.

Since the Cheneys paid $2.46 million in withholding and estimated
taxes over the year, they were entitled to a refund of about $1.93"
million."

------------------------

I don't like Cheney either, but fair is fair.

I didn't say it wasn't legal. Good tax planning obviates the need for
substantial refunds. Paying that kind of money in withholding only to get
most of it back is...not too bright.

Donating $6.87 million to charity in one year kinda screws up your tax
planning.

RCE


You think it was an unplanned donation?

It wouldn't matter. Have you ever exercised stock options? Depending
on the size, tax withholding is often required on the transaction,
particularly if it was considered cashing out, even if he donated the
cash proceeds from the transaction to charity.

Speaking of Tax Refunds...
 

"DSK" wrote in message
...
And weren't you a little bit curious about how one pays approx 25% *more*
in quarterly estimated tax than one makes in income?

No. He made $8.82 million, mostly from stock options and royalties. He
paid quarterly estimated tax on that $8.82 million...not on his adjusted
gross income ($1.95 million) after the $6.87 million donation.

Speaking of Tax Refunds...
 

On Mon, 17 Apr 2006 12:59:27 -0400, Harry Krause
wrote:

JohnH wrote:
On Mon, 17 Apr 2006 08:58:41 -0400, Harry Krause
wrote:

Fred Dehl wrote:
"RCE" wrote in :

Donating $6.87 million to charity in one year kinda screws up your tax
planning.
Harry doesn't even donate $6.87 to charity, I'd wager.

Au contraire. You've moved up on the treatment waiting list, because I
donated $6.87 to the Society to Assist Slow-Witted, Foul-Mouthed
Buttsniffers.

It sure didn't take your political crap long to devolve into a name-calling
fest, did it?
--
'Til next time,

John H

******************************************
***** Have a Spectacular Day! *****
******************************************


Every once in a while, not often, I think Foul-Mouthed Fred deserves a
double-barrel blast. You don't seem to mind his usually foul language,
though. Oh, and my comment to Fred had nothing to do with his
"politics," but, rather, his tendency to curse and his abject stupidity.

He didn't start the political thread which did the devolving. You did.
--
'Til next time,

John H

******************************************
***** Have a Spectacular Day! *****
******************************************

Speaking of Tax Refunds...
 

"Harry Krause" wrote in message

Every once in a while, not often, I think Foul-Mouthed Fred deserves a
double-barrel blast.

So.... when do you think we might get to read it? So far, all we've seen is
your typical high-school style of insult.

Speaking of Tax Refunds...
 

"JohnH" wrote in message
...
On Mon, 17 Apr 2006 08:58:41 -0400, Harry Krause
wrote:

Fred Dehl wrote:
"RCE" wrote in
:

Donating $6.87 million to charity in one year kinda screws up your tax
planning.

Harry doesn't even donate $6.87 to charity, I'd wager.


Au contraire. You've moved up on the treatment waiting list, because I
donated $6.87 to the Society to Assist Slow-Witted, Foul-Mouthed
Buttsniffers.

It sure didn't take your political crap long to devolve into a
name-calling
fest, did it?
--


Dear old Fred does not deserve any respect.

RCE

Speaking of Tax Refunds...
 

"Harry Krause" wrote in message
. ..
RCE wrote:
"Harry Krause" wrote in message
. ..
RCE wrote:
"Harry Krause" wrote in message
. ..
Shortwave Sportfishing wrote:
On Mon, 17 Apr 2006 06:20:10 -0400, Harry Krause
wrote:

...I don't get much of one, and neither do most people who do proper
tax planning, but I guess that excludes Dick Cheney, who reportedly
is getting a $1.9 million refund.

I'm sure it is perfectly legal, but, sheesh, talk about a guy who
knows and cares nothing about even the semblance of appearances.
For a former "reporter" Harry, you seem to have a strange way of
working a story.

From Friday's NYT - buried, but it was there. Please note the first
and last paragraphs.

--------------------------------

"The Cheneys reported adjusted gross income of nearly $8.82 million,
a
number largely padded with income they received by exercising stock
options that had been set aside in 2001 for charity.

The Cheneys donated about $6.87 million to charity from the stock
options and royalties earned on Mrs. Cheney's books: "America: A
Patriotic Primer," "A is for Abigail: An Almanac of Amazing American
Women" and "When Washington Crossed the Delawa A Wintertime Story
for Young Patriots."

Recipients of their charitable donations included: George Washington
University Medical Faculty Associates for the benefit of the
Cardiothoracic Institute, the University of Wyoming Foundation and
Capital Partners for Education, to benefit low-income high school
students in the Washington area.

After subtracting the charitable contributions, the Cheneys' income
was $1.95 million on which they owed $529,636 in taxes, according to
a
statement released by the vice president's office.

Since the Cheneys paid $2.46 million in withholding and estimated
taxes over the year, they were entitled to a refund of about $1.93"
million."

------------------------

I don't like Cheney either, but fair is fair.
I didn't say it wasn't legal. Good tax planning obviates the need for
substantial refunds. Paying that kind of money in withholding only to
get most of it back is...not too bright.
Donating $6.87 million to charity in one year kinda screws up your tax
planning.

RCE
You think it was an unplanned donation?

No, but the mechanics of a charity donation may not fit with normal
quarterly reporting, which I assume he is required to do. According to
the article referenced by Tom, a bulk of it was based on stock options
that were set aside for charity. At a lesser scale, many of us have to
make last minute contributions to retirement plans, etc. to even out the
tax hit at the end of the year. In any event, he paid his share, crooked
as you may think he is.

RCE


Once again, I am not questioning Cheney's tax returns. After all, this
country has no history of a Republican vice president in tax trouble.

My question was about the appearance of receiving a nearly $2 million
refund.



Did he deduct for old underware donated to charity?