For anyone who saw the press releases last week and wondered just how Cheney managed to do so well with his tax return…
Apparently it was creative usage of the administration's Hurricane Katrina tax relief act: Cheney "claimed $6.8 million of charitable deductions, which is 77% of his AGI — well in excess of the 50% limitation that would have applied absent the Katrina legislation."
However, it also seems that none of this money actually went to Katrina-related charities. It's not illegal. But it is fairly sleazy.
