Quayle's figure $34,309, his office says : bushes paid 21. 6% in taxes, returns show

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Quayle's figure $34,309, his office says : bushes paid 21. 6% in taxes, returns show"


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WASHINGTON — President and Mrs. Bush paid $62,106 in federal taxes last year on an adjusted gross income of $278,171, including his $115,000 salary as vice president, according to tax


returns released today. Besides Bush’s salary, the couple also reported $155,662 in income from a blind trust they share, $7,147 in interest income and $12,362 in income from other sources.


The Bushes paid taxes equivalent to 21.6% of their total income. Bush, who became a millionaire in the oil business in Texas, has a net worth in the range of $2 million, much of it wrapped


up in the family’s $3.5-million oceanside home in Kennebunkport, Me. Bush and his wife Barbara claimed $65,365 in itemized deductions, which included $12,250 in contributions to 39


charities. Vice President Dan Quayle, also releasing his tax forms today, reported adjusted gross income of $156,546 for 1988. Quayle paid federal and Indiana state income taxes of $34,309,


his office said in a summary of his return. The vice president reported his $89,500 salary as a U.S. senator and $451,636 in honorariums from speaking fees, interest and dividend income and


capital gains, all relating to his family’s Central Newspapers Inc. Quayle and his wife, Marilyn, also claimed $50,503 in itemized deductions, including $17,270 in charitable contributions.


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