Cheney's still rakin' it in from Halliburton

Vice President Dick Cheney may be No. 2 at the White House, but he surpassed his boss last year when it came to earnings and taxable income.

On their 2004 federal income-tax returns, which the White House released Friday, the vice president and his wife, Lynne Cheney, reported $1,328,678 in earnings last year, which produced a $393,518 tax bill. They paid $290,855 through withholding and estimated tax payments. They paid the remaining $102,663 when they filed their return Friday.

President Bush and first lady Laura Bush reported $672,788 in taxable earnings for 2004 and paid $207,307 in federal taxes, according to their returns. The Bushes' earnings were less than the $822,126 in adjusted gross income they reported for 2003, on which they paid $227,490 in federal taxes.

[...]

On their return, the Cheneys listed his $203,000 government salary and $194,852 in deferred compensation he received from the Halliburton Co., where he was chief executive officer from 1995 to 2000.

Cheney struck a deal with the oil giant in December 1998 to have his 1999 salary paid in fixed annual installments - including interest - over a five-year period after his retirement from the company.

The White House stressed in a written statement that Cheney's decision to defer compensation was final and unalterable "before Mr. Cheney left Halliburton."

oh... well, then... never mind...

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