    [Public Papers of the Presidents of the United States: George H. W. Bush (1991, Book I)]
    [April 15, 1991]
    [Page 371]
    [From the U.S. Government Publishing Office www.gpo.gov]

    Statement by Press Secretary Fitzwater on the President's Federal Income
    Tax Return
    April 15, 1991

        The President and Mrs. Bush's 1990 tax return shows that they have
    paid $99,241 in Federal income tax on an adjusted gross income of
    $452,732, of which $200,000 was the President's salary. The Bushes also
    reported $245,911 in income, from their blind trust, $1,245 in interest
    income, and $8,647 from other sources. The blind trust is managed by
    Bessemer Trust Co., N.A., New York City.
        The President and Mrs. Bush claimed $97,118 in itemized deductions,
    which included $38,667 in contributions to 50 charities and $330 to
    charities through the blind trust. A list of the 50 charities is
    attached. The net royalties received in 1990 of $7,042 from the
    President's book, ``Looking Forward,'' were given to charitable
    organizations included in this list.
        The President and Mrs. Bush's tax return has been reviewed by the
    Office of Government Ethics and will be filed in the Philadelphia
    regional office of the Internal Revenue Service.