My President's Tax Return

Here is President Bush's tax return, presented for public scrutiny.

My Points of Funniness:

1. His address lists a P.O. box, even though the instructions say not to do that. The P.O. Box is in a state where he has never lived. Is it any secret that he lives at 1600 Pennsylvania Ave? Also, he chose a state that has a sales tax. Hello, why not just pick good ol' TX?

2. He did NOT donate to the Presidential Election Campaign fund!

3. See line 8b. That is where the interest earned on tax-exempt bonds (such as GOVERNMENT bonds) would be listed and excluded from income. Notice this line is blank! Let me think...the president of the United States doesn't invest in government bonds. Does he know something we don't??

4. The President had $50,000 in capital losses. Wow. Who is his investor?? Though he only got to deduct $3,000, he at least gets to spread these losses over the next several years. Hopefully he will fire the current guy and use these to offset some future gains maybe?

5. See Schedule A, line 15b. That is the place where you could exempt donations to Katrina victims. The line is EMPTY! Hmmmmmm. He did give $75,000 to other charities.

6. President Bush didn't even sign his tax return. Neither did the first lady. At least he got to put "President" as his occupation. That would be cool!

Political Note: This entry was not intended to be partisan in any way. I'm a conservative independent. These were just some funnies from tax class in Texas.