Friday, October 08, 2004
Presidential "Timber"
President Bush looked nonplussed when Senator Kerry said that President Bush had owned "$84" in timber a company that would have classified him as a small business owner under the President's new plan. He even chuckled and asked the audience if anyone wanted to buy wood.
This of course seemed to weird for Kerry to have made up. And of course he didn't. According to Factcheck.org, the President report in 2001 $84 of income from a part ownership in a timber company:
President Bush himself would have qualified as a "small business owner" under the Republican definition, based on his 2001 federal income tax returns. He reported $84 of business income from his part ownership of a timber-growing enterprise. However, 99.99% of Bush's total income came from other sources that year. (Bush also qualified as a "small business owner" in 2000 based on $314 of "business income," but not in 2002 and 2003 when he reported his timber income as "royalties" on a different tax schedule.)
You can read for yourself here or here.
God I love instant fact checking. If only it had existed in 1988!
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This of course seemed to weird for Kerry to have made up. And of course he didn't. According to Factcheck.org, the President report in 2001 $84 of income from a part ownership in a timber company:
President Bush himself would have qualified as a "small business owner" under the Republican definition, based on his 2001 federal income tax returns. He reported $84 of business income from his part ownership of a timber-growing enterprise. However, 99.99% of Bush's total income came from other sources that year. (Bush also qualified as a "small business owner" in 2000 based on $314 of "business income," but not in 2002 and 2003 when he reported his timber income as "royalties" on a different tax schedule.)
You can read for yourself here or here.
God I love instant fact checking. If only it had existed in 1988!
