Quote:
Originally posted by punkworld
Is he really THAT stupid? 
'Bush's Timber-Growing Company
Bush got a laugh when he scoffed at Kerry's contention that he had received $84 from "a timber company." Said Bush, "I own a timber company? That's news to me."
In fact, according to his 2003 financial disclosure form, Bush does own part interest in "LSTF, LLC", a limited-liability company organized "for the purpose of the production of trees for commercial sales."'
http://www.factcheck.org/article.aspx@docID=275.html
http://www.factcheck.org/UploadedFil...ingCompany.pdf
|
From your link:
Kerry got his information from an article we posted Sept. 23 stating that Bush on his 2001 federal income-tax returns "reported $84 of business income from his part ownership of a timber-growing enterprise." We should clarify: the $84 in Schedule C income was from Bush's Lone Star Trust, which is actually described on the 2001 income-tax returns as an "oil and gas production" business. The Lone Star Trust now owns 50% of the tree-growing company, but didn't get into that business until two years after the $84 in question. So we should have described the $84 as coming from an "oil and gas" business in 2001, and will amend that in our earlier article.