Poll: Did You Do Better in 2007 than in 2006?

Bush and Cheney did.

According to the tax returns released to the public, Mr. and Mrs. Bush reported a total taxable income of $719,274 for the tax year 2007, an increase of $76,369, or 11.88%, than 2006. The vice president couple did much better last year than a year ago. Mr. and Mrs. Cheney’s 2007 total taxable income is $2,528,068, a gain of $913,206, or 56.55%, than what they made in the tax year 2006. (Source: CNN and Sun-Times News Group)

By now, you probably have already finished your 2007 tax returns.

I finally finished our taxes last night and our numbers actually show a mixed picture. Though our overall taxable income is up 11.66% in 2007, our total salaries are down a little bit (0.32%). This is mainly because there was about a month in the summer when I was unemployed. Though the new job pays a little more than my old one, the difference wasn’t enough to make up the lost salary. While our salaries dropped, our investment incomes (dividends, interests, and capital gains) are up 39.77% than a year ago. Another contributor to the overall increase is the side income generated from this blog last year, comparing to zero in 2006.

So what are your numbers telling you? Are you better off now than a year ago?


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4 Responses to “Poll: Did You Do Better in 2007 than in 2006?”

  1. No Debt Plan |  Apr 15, 2008 at 12:51 pm

    Last year looks like a dramatic increase over 2006. But that comes with a caveat — we got married in 2007 and in 2006 my wife was a student. We now both have full time jobs so our income has increased dramatically.

  2. Jesse |  Apr 15, 2008 at 1:37 pm

    Hard to say…making more and less debt, but have had considerable problems with my rental so its kind of a toss up

  3. Quad Cities Lawyer |  Apr 15, 2008 at 2:11 pm

    Regardless of your party affiliation don’t you think the president should get paid between 10-100 million a year? I know they end up banking after their term with speeches, but you would think it would take some of the temptation away from making decisions based on personal gain.

  4. Sun |  Apr 16, 2008 at 12:00 am

    No Debt Plan: You are definitely better off in 2007 (the marriage and the full time jobs) than in 2006, especially after the cost of wedding :)

    Jesse: Making more and less debt, that’s better!