Does Bush own a timber company?

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Fritzo

Lifer
Jan 3, 2001
41,920
2,161
126
Originally posted by: raildogg
Originally posted by: Fritzo
No.

false

No, the question was "Does he own a timber company?" That answer is no. Does he have a share in one..it looks like it. Last I checked you need 51% control to own a company.
 

sumrtym

Senior member
Apr 3, 2002
633
0
0
Originally posted by: Fritzo
Originally posted by: raildogg
Originally posted by: Fritzo
No.

false

No, the question was "Does he own a timber company?" That answer is no. Does he have a share in one..it looks like it. Last I checked you need 51% control to own a company.

Um, yes he does.

Again, on page 14 of Bush's 2003 tax return, it says:

******************************
Page 8, Item #9 - LSTF, LLC, a limited liability company organized on 02-10-03 for the purpose of the production of trees for commerical sales. Company is owned equally by The Lone Star Trust (George W. Bush, Grantor) and John Taylor. No commercial sales are anticipated until the year 2007.
*******************************

He's a 50% owner along with this John Taylor. Neither is a majority owner, both owning equal amounts. To me, that does make it HIS company.

By the way, if the company was formed in 2003, how is it he claimed $84 from it in 2001???? Sounds like a lie to the IRS to me.....

EDIT: The $84 is being claimed under Lone Star Trust which is listed as an "oil and gas production" business. Thus, he got into the timber business in 2003, last year. Short memory I'd say.
 

Gaard

Diamond Member
Feb 17, 2002
8,911
1
0
Originally posted by: sumrtym
Let's dive into this a bit more.

I'm really curious about this now. On page 14 of the post from Bush's tax return, it says:

******************************
Page 8, Item #9 - LSTF, LLC, a limited liability company organized on 02-10-03 for the purpose of the production of trees for commerical sales. Company is owned equally by The Lone Star Trust (George W. Bush, Grantor) and John Taylor. No commercial sales are anticipated until the year 2007. 100% of Assets consist of:
**************************
According to the Wall Street Journal, and I quote:

******************************
Mr. Bush has most of his assets in a blind trust called the Lone Star Trust. He earned over $395,000 in interest income from his trust in 2003, most of which came from his bond investments. He also has some of his money in certificates of deposit. In a blind trust, a money manager is given complete discretion for investment decisions and the beneficiary isn't informed of the holdings.
******************************

So someone explain this to me. He wouldn't know about the investment as it's a BLIND TRUST, but it's in his income tax return????? I don't get that myself since he's not informed of holdings, right.

However, this also raises another interesting point. It's in his tax return! (independent of if it should be or not)

How the heck do you not know it's in your own income tax return from LAST YEAR! And yes, read the copy of the income tax. It's dated 5/13/2004 and signed by our President! Unless I can't read, that's a I CERTIFY that the statements I have made on this form and all attached schedules are true, complete and correct to the best of my knowledge.

Does it make anyone else nervous that a man can't remember what he signed on his own tax return less than 5 months ago about his OWN MONEY and he's generating official documents and budgets for us as our President??????

:Q

excellent work

more deceit from our president
 

Engineer

Elite Member
Oct 9, 1999
39,230
701
126
Originally posted by: Gaard
Originally posted by: sumrtym
Let's dive into this a bit more.

I'm really curious about this now. On page 14 of the post from Bush's tax return, it says:

******************************
Page 8, Item #9 - LSTF, LLC, a limited liability company organized on 02-10-03 for the purpose of the production of trees for commerical sales. Company is owned equally by The Lone Star Trust (George W. Bush, Grantor) and John Taylor. No commercial sales are anticipated until the year 2007. 100% of Assets consist of:
**************************
According to the Wall Street Journal, and I quote:

******************************
Mr. Bush has most of his assets in a blind trust called the Lone Star Trust. He earned over $395,000 in interest income from his trust in 2003, most of which came from his bond investments. He also has some of his money in certificates of deposit. In a blind trust, a money manager is given complete discretion for investment decisions and the beneficiary isn't informed of the holdings.
******************************

So someone explain this to me. He wouldn't know about the investment as it's a BLIND TRUST, but it's in his income tax return????? I don't get that myself since he's not informed of holdings, right.

However, this also raises another interesting point. It's in his tax return! (independent of if it should be or not)

How the heck do you not know it's in your own income tax return from LAST YEAR! And yes, read the copy of the income tax. It's dated 5/13/2004 and signed by our President! Unless I can't read, that's a I CERTIFY that the statements I have made on this form and all attached schedules are true, complete and correct to the best of my knowledge.

Does it make anyone else nervous that a man can't remember what he signed on his own tax return less than 5 months ago about his OWN MONEY and he's generating official documents and budgets for us as our President??????

:Q

excellent work

more deceit from our president


hmmm.......interesting indeed.
 

Fritzo

Lifer
Jan 3, 2001
41,920
2,161
126
Originally posted by: Gaard
Originally posted by: sumrtym
Let's dive into this a bit more.

I'm really curious about this now. On page 14 of the post from Bush's tax return, it says:

******************************
Page 8, Item #9 - LSTF, LLC, a limited liability company organized on 02-10-03 for the purpose of the production of trees for commerical sales. Company is owned equally by The Lone Star Trust (George W. Bush, Grantor) and John Taylor. No commercial sales are anticipated until the year 2007. 100% of Assets consist of:
**************************
According to the Wall Street Journal, and I quote:

******************************
Mr. Bush has most of his assets in a blind trust called the Lone Star Trust. He earned over $395,000 in interest income from his trust in 2003, most of which came from his bond investments. He also has some of his money in certificates of deposit. In a blind trust, a money manager is given complete discretion for investment decisions and the beneficiary isn't informed of the holdings.
******************************

So someone explain this to me. He wouldn't know about the investment as it's a BLIND TRUST, but it's in his income tax return????? I don't get that myself since he's not informed of holdings, right.

However, this also raises another interesting point. It's in his tax return! (independent of if it should be or not)

How the heck do you not know it's in your own income tax return from LAST YEAR! And yes, read the copy of the income tax. It's dated 5/13/2004 and signed by our President! Unless I can't read, that's a I CERTIFY that the statements I have made on this form and all attached schedules are true, complete and correct to the best of my knowledge.

Does it make anyone else nervous that a man can't remember what he signed on his own tax return less than 5 months ago about his OWN MONEY and he's generating official documents and budgets for us as our President??????

:Q

excellent work

more deceit from our president


You guys talk like he does his own taxes....I don't remember what I had on MY tax form 5 months ago and I'm sure it was considerably less complex than his. I have a couple of LLC ownerships myself (mostly with Leasing company offshoots of my current company). My tax forms are nearly 40 pages....his are probably in the 100's if not more. This is getting WAAAYYYY to overcrittical. :roll:
 

Darkhawk28

Diamond Member
Dec 22, 2000
6,759
0
0
Originally posted by: Fritzo
Originally posted by: Gaard
Originally posted by: sumrtym
Let's dive into this a bit more.

I'm really curious about this now. On page 14 of the post from Bush's tax return, it says:

******************************
Page 8, Item #9 - LSTF, LLC, a limited liability company organized on 02-10-03 for the purpose of the production of trees for commerical sales. Company is owned equally by The Lone Star Trust (George W. Bush, Grantor) and John Taylor. No commercial sales are anticipated until the year 2007. 100% of Assets consist of:
**************************
According to the Wall Street Journal, and I quote:

******************************
Mr. Bush has most of his assets in a blind trust called the Lone Star Trust. He earned over $395,000 in interest income from his trust in 2003, most of which came from his bond investments. He also has some of his money in certificates of deposit. In a blind trust, a money manager is given complete discretion for investment decisions and the beneficiary isn't informed of the holdings.
******************************

So someone explain this to me. He wouldn't know about the investment as it's a BLIND TRUST, but it's in his income tax return????? I don't get that myself since he's not informed of holdings, right.

However, this also raises another interesting point. It's in his tax return! (independent of if it should be or not)

How the heck do you not know it's in your own income tax return from LAST YEAR! And yes, read the copy of the income tax. It's dated 5/13/2004 and signed by our President! Unless I can't read, that's a I CERTIFY that the statements I have made on this form and all attached schedules are true, complete and correct to the best of my knowledge.

Does it make anyone else nervous that a man can't remember what he signed on his own tax return less than 5 months ago about his OWN MONEY and he's generating official documents and budgets for us as our President??????

:Q

excellent work

more deceit from our president


You guys talk like he does his own taxes....I don't remember what I had on MY tax form 5 months ago and I'm sure it was considerably less complex than his. I have a couple of LLC ownerships myself (mostly with Leasing company offshoots of my current company). My tax forms are nearly 40 pages....his are probably in the 100's if not more. This is getting WAAAYYYY to overcrittical. :roll:

Then he needed to let Kerry's comment slide. Falsely responding to it made him look really silly.

 

oldman420

Platinum Member
May 22, 2004
2,179
0
0
Originally posted by: FelixDeKat
I wish Bush did own a timber company so he could beat down these stupid conspiracy pinheads sitting around in their tighty whities posting on the internet. :thumbsup:


he he u r a fool
 

oldman420

Platinum Member
May 22, 2004
2,179
0
0
Originally posted by: Fritzo
Originally posted by: Gaard
Originally posted by: sumrtym
Let's dive into this a bit more.

I'm really curious about this now. On page 14 of the post from Bush's tax return, it says:

******************************
Page 8, Item #9 - LSTF, LLC, a limited liability company organized on 02-10-03 for the purpose of the production of trees for commerical sales. Company is owned equally by The Lone Star Trust (George W. Bush, Grantor) and John Taylor. No commercial sales are anticipated until the year 2007. 100% of Assets consist of:
**************************
According to the Wall Street Journal, and I quote:

******************************
Mr. Bush has most of his assets in a blind trust called the Lone Star Trust. He earned over $395,000 in interest income from his trust in 2003, most of which came from his bond investments. He also has some of his money in certificates of deposit. In a blind trust, a money manager is given complete discretion for investment decisions and the beneficiary isn't informed of the holdings.
******************************

So someone explain this to me. He wouldn't know about the investment as it's a BLIND TRUST, but it's in his income tax return????? I don't get that myself since he's not informed of holdings, right.

However, this also raises another interesting point. It's in his tax return! (independent of if it should be or not)

How the heck do you not know it's in your own income tax return from LAST YEAR! And yes, read the copy of the income tax. It's dated 5/13/2004 and signed by our President! Unless I can't read, that's a I CERTIFY that the statements I have made on this form and all attached schedules are true, complete and correct to the best of my knowledge.

Does it make anyone else nervous that a man can't remember what he signed on his own tax return less than 5 months ago about his OWN MONEY and he's generating official documents and budgets for us as our President??????

:Q

excellent work

more deceit from our president


You guys talk like he does his own taxes....I don't remember what I had on MY tax form 5 months ago and I'm sure it was considerably less complex than his. I have a couple of LLC ownerships myself (mostly with Leasing company offshoots of my current company). My tax forms are nearly 40 pages....his are probably in the 100's if not more. This is getting WAAAYYYY to overcrittical. :roll:


he lied and that is not too critical.
 

sumrtym

Senior member
Apr 3, 2002
633
0
0
Well, at least for that publicly released version of the taxes, I counted 16 pages. Now, I realize it probably takes him what.......seven minutes.....to read 16 pages, and he is busy.

Secondly, he looks like an idiot denying owning a company formed the previous year to which he signed the documents testifying to that fact less than 5 months ago. You know, maybe it's just me, but my 50% ownership of an entire company might stand out to me in my own taxes. But again, lots of pages, and it's only his own personal money to which he's signing under law as being correct. I'm sure he's MUCH more careful with 5,000 page budget proposals, since it's the taxpayers money.

I worry about him since he has so little knowledge of his own financial affairs. Because of this, I've started thinking, "What if he DOESN'T get re-elected in November?"

I came up with ONE OUTSTANDING SOLUTION:

He should take over for Bob Dole (since he already has a good relationship with the drug companies) and advertise Viagra. Imagine....he only has to hold up a little blue pill, look into the camera, and say...."Got wood?" Or better yet, team up with Bob, and as Bob is talking about his "personal" info leading up to the Viagra pitch as he sits on a Christmas set with a tree and fireplace, there's a knock at the door, and in comes Bush in one of his winter "working man" outfits carrying a bundle of timber as he sticks his head in the door and asks, "Bob, need some wood?"

;)
 

oldman420

Platinum Member
May 22, 2004
2,179
0
0
He should take over for Bob Dole (since he already has a good relationship with the drug companies) and advertise Viagra. Imagine....he only has to hold up a little blue pill, look into the camera, and say...."Got wood?" Or better yet, team up with Bob, and as Bob is talking about his "personal" info leading up to the Viagra pitch as he sits on a Christmas set with a tree and fireplace, there's a knock at the door, and in comes Bush in one of his winter "working man" outfits carrying a bundle of timber as he sticks his head in the door and asks, "Bob, need some wood?"

;)[/quote]
ROTFLMAO thanks thats great beer cookie
 

Fritzo

Lifer
Jan 3, 2001
41,920
2,161
126
Originally posted by: oldman420
Originally posted by: Fritzo
Originally posted by: Gaard
Originally posted by: sumrtym
Let's dive into this a bit more.

I'm really curious about this now. On page 14 of the post from Bush's tax return, it says:

******************************
Page 8, Item #9 - LSTF, LLC, a limited liability company organized on 02-10-03 for the purpose of the production of trees for commerical sales. Company is owned equally by The Lone Star Trust (George W. Bush, Grantor) and John Taylor. No commercial sales are anticipated until the year 2007. 100% of Assets consist of:
**************************
According to the Wall Street Journal, and I quote:

******************************
Mr. Bush has most of his assets in a blind trust called the Lone Star Trust. He earned over $395,000 in interest income from his trust in 2003, most of which came from his bond investments. He also has some of his money in certificates of deposit. In a blind trust, a money manager is given complete discretion for investment decisions and the beneficiary isn't informed of the holdings.
******************************

So someone explain this to me. He wouldn't know about the investment as it's a BLIND TRUST, but it's in his income tax return????? I don't get that myself since he's not informed of holdings, right.

However, this also raises another interesting point. It's in his tax return! (independent of if it should be or not)

How the heck do you not know it's in your own income tax return from LAST YEAR! And yes, read the copy of the income tax. It's dated 5/13/2004 and signed by our President! Unless I can't read, that's a I CERTIFY that the statements I have made on this form and all attached schedules are true, complete and correct to the best of my knowledge.

Does it make anyone else nervous that a man can't remember what he signed on his own tax return less than 5 months ago about his OWN MONEY and he's generating official documents and budgets for us as our President??????

:Q

excellent work

more deceit from our president


You guys talk like he does his own taxes....I don't remember what I had on MY tax form 5 months ago and I'm sure it was considerably less complex than his. I have a couple of LLC ownerships myself (mostly with Leasing company offshoots of my current company). My tax forms are nearly 40 pages....his are probably in the 100's if not more. This is getting WAAAYYYY to overcrittical. :roll:


he lied and that is not too critical.

Did he lie or did he just not know? I just looked up my Enterprise 401k fund and it looks like I have part ownership in an energy distribution company. I had no idea.
 

Fritzo

Lifer
Jan 3, 2001
41,920
2,161
126
Originally posted by: sumrtym
Well, at least for that publicly released version of the taxes, I counted 16 pages. Now, I realize it probably takes him what.......seven minutes.....to read 16 pages, and he is busy.

Secondly, he looks like an idiot denying owning a company formed the previous year to which he signed the documents testifying to that fact less than 5 months ago. You know, maybe it's just me, but my 50% ownership of an entire company might stand out to me in my own taxes. But again, lots of pages, and it's only his own personal money to which he's signing under law as being correct. I'm sure he's MUCH more careful with 5,000 page budget proposals, since it's the taxpayers money.

I worry about him since he has so little knowledge of his own financial affairs. Because of this, I've started thinking, "What if he DOESN'T get re-elected in November?"

I came up with ONE OUTSTANDING SOLUTION:

He should take over for Bob Dole (since he already has a good relationship with the drug companies) and advertise Viagra. Imagine....he only has to hold up a little blue pill, look into the camera, and say...."Got wood?" Or better yet, team up with Bob, and as Bob is talking about his "personal" info leading up to the Viagra pitch as he sits on a Christmas set with a tree and fireplace, there's a knock at the door, and in comes Bush in one of his winter "working man" outfits carrying a bundle of timber as he sticks his head in the door and asks, "Bob, need some wood?"

;)



:roll:
 

JHoNNy1OoO

Golden Member
Oct 18, 2003
1,496
0
0
Originally posted by: Fritzo
Originally posted by: oldman420
Originally posted by: Fritzo
Originally posted by: Gaard
Originally posted by: sumrtym
Let's dive into this a bit more.

I'm really curious about this now. On page 14 of the post from Bush's tax return, it says:

******************************
Page 8, Item #9 - LSTF, LLC, a limited liability company organized on 02-10-03 for the purpose of the production of trees for commerical sales. Company is owned equally by The Lone Star Trust (George W. Bush, Grantor) and John Taylor. No commercial sales are anticipated until the year 2007. 100% of Assets consist of:
**************************
According to the Wall Street Journal, and I quote:

******************************
Mr. Bush has most of his assets in a blind trust called the Lone Star Trust. He earned over $395,000 in interest income from his trust in 2003, most of which came from his bond investments. He also has some of his money in certificates of deposit. In a blind trust, a money manager is given complete discretion for investment decisions and the beneficiary isn't informed of the holdings.
******************************

So someone explain this to me. He wouldn't know about the investment as it's a BLIND TRUST, but it's in his income tax return????? I don't get that myself since he's not informed of holdings, right.

However, this also raises another interesting point. It's in his tax return! (independent of if it should be or not)

How the heck do you not know it's in your own income tax return from LAST YEAR! And yes, read the copy of the income tax. It's dated 5/13/2004 and signed by our President! Unless I can't read, that's a I CERTIFY that the statements I have made on this form and all attached schedules are true, complete and correct to the best of my knowledge.

Does it make anyone else nervous that a man can't remember what he signed on his own tax return less than 5 months ago about his OWN MONEY and he's generating official documents and budgets for us as our President??????

:Q

excellent work

more deceit from our president


You guys talk like he does his own taxes....I don't remember what I had on MY tax form 5 months ago and I'm sure it was considerably less complex than his. I have a couple of LLC ownerships myself (mostly with Leasing company offshoots of my current company). My tax forms are nearly 40 pages....his are probably in the 100's if not more. This is getting WAAAYYYY to overcrittical. :roll:


he lied and that is not too critical.

Did he lie or did he just not know? I just looked up my Enterprise 401k fund and it looks like I have part ownership in an energy distribution company. I had no idea.

Maybe his handler feeding him lines through his earpiece didn't know. :p

I did notice yet again another cable on Bush's back on his left should blade. It surely wasn't a shirt crease since even when he stretched his arms out wide it didn't even move. Gonna try and get some pictures of it.
 

DealMonkey

Lifer
Nov 25, 2001
13,136
1
0
From Conjur's link to the 2003 Executive Branch Personnel Public Financial Disclosure Report (Pg 14):

Page 8, Item #9 -- LSTF, LLC, a limited liability company organized on 02-10-03 for the purpose of the production of trees for commercial sales. Company is owned equally by The Lone Star Trust (George W. Bush, Grantor) and John Taylor. No commercial sales are anticipated until the year 2007. 100% of the Assets consist of:

Wells Fargo Bank - ckg Value: $6,386 Income: $0
Inventory - Cost of trees Value: $219,538 Income $0

Looks like W's in the tree biz!

2003 disclosure PDF
 

Infohawk

Lifer
Jan 12, 2002
17,844
1
0
Originally posted by: FelixDeKat
Kerry made more money in ketchup than bush made in trees! :) :|


That isn't the point. Also, I suggest you stop being so jealous of those who are wealthier than you. This class-warfare is destroying America. The point is that Bush lied about owning a timber company. Kerry never lied about his ownership.
 

CPA

Elite Member
Nov 19, 2001
30,322
4
0
The ones who are complaining about this are the same ones who said it was okay that Clinton lied on the stand. Un-fricken-believable.
 

Todd33

Diamond Member
Oct 16, 2003
7,842
2
81
This is dumb. Kerry was making a point about how Bush is defining a "small business" and he was 100% correct according to factcheck.org. It has nothing to do with the amount of money. I guess if Bush makes it a "gee shucks" joke, the sheep have to shime in with their pointless "haha" threads.
 

DealMonkey

Lifer
Nov 25, 2001
13,136
1
0
Originally posted by: CPA
The ones who are complaining about this are the same ones who said it was okay that Clinton lied on the stand. Un-fricken-believable.
Clinton lying under oath was utterly reprehensible. No argument from me there.

Nice diversion attempt though. ;)
 

Kerouactivist

Diamond Member
Jul 12, 2001
4,665
0
76
Whether your a Dem...Repub... or independent.....you have serious issues if you think Bush won that debate.....
Kerry has shown great tact in his debating skills....I was really suprised at how great of a debater he is.
 

Darkhawk28

Diamond Member
Dec 22, 2000
6,759
0
0
Originally posted by: bthorny
Whether your a Dem...Repub... or independent.....you have serious issues if you think Bush won that debate.....
Kerry has shown great tact in his debating skills....I was really suprised at how great of a debater he is.

It's amazing how well anyone could do if they have something other than fear to run on.