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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