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| Press Statement 17 May 2007 |
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| From the Office of the Press Secretary: PRESIDENT CHERRIE'S INCOME TAX RETURNS AND ASSETS President Cherrie has reported his income tax retuns for 2006/2007. The President's salary is based at Legos $100,000 per month with an immediate taxation of 40%. As such the President's Salary is at $60,000 a month. THE PRESIDENT'S ASSETS President and Mrs. Cherrie have various assets. Of which, the President and Mrs. Cherrie own a town house in Metro City, worth $5,000,000. President and Mrs. Cherrie also own a property in Y Shere worth $3,000,000. The President owns two cars in Y Shere from prior to his Presidency valued at $100,000 in total. The President owns one car in Metro City valued at $ 85,000 The Preisdent is estimated to have a total income of $2,040,000 over to total of three years since July 2004. And a total disposable income of over $3,000,000. (Taxed at 3%) per year. As the First Lady, Mrs. Cherrie does not draw a salary. Total value of the Assets of the Preisdent and Mrs. Cherrie is valued at $10,000,000. |