[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.