Tax returns to be proud of
Mr. and Mrs. Cheney, for example, showed an adjusted gross income of $8.82 million on their 2005 income tax report, but most of the money was not taxable because they set aside $6.87 million in proceeds from stock options for charity. As a result, the Cheneys' taxable income was $1.96 million. The couple paid $2.5 million in taxes through withholding and estimated tax payments and are due a refund of about $1.9 million.
I'm sure yours was similar.
Many Dismissing 'Donor Fatigue' [NYT]
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