Reagans Pay $147,826 to IRS--34% of Income

President Reagan and his wife Nancy paid $147,826 in federal income taxes--34% of their total earnings--in 1984, it was announced today.

The President and Mrs. Reagan reported $440,657 in total income, including $200,000 in his White House salary and $115,608 in interest from various sources.

The Reagans are due a refund of $14,605 because they had $162,431 withheld from his salary or already paid to the federal government in estimated tax payments. Rather than collect the refund, Reagan said he wanted the money applied to his 1985 taxes.

The President, who once said he believes in tithing--giving 10% of income to charity--reported contributions of $20,616 or 4.7% of his total income.

‘Private Giver’

White House Deputy Press Secretary Larry Speakes said the President had given money to people or organizations that did not make him eligible for a tax deduction. “He is a personal and private giver,” Speakes said.

Copies of the Reagans’ income tax returns were released here as Reagan relaxed on vacation at his mountaintop ranch.

The tax form showed that in 1984 Reagan lost $95,771 in his blind trust, into which his holdings were placed when he became President. The blind trust lost $50,243 the previous year.

Asked if Reagan was unhappy about the performance of the trust, Speakes replied, “I haven’t talked to him about it.”

None for Campaigns

As he has in the past, Reagan said he did not want $1 of his taxes to be applied to the presidential election campaign fund, which finances candidates for President.

Reagan accepted more than $26 million from the fund for his 1984 race, but Speakes said that was only because other candidates were accepting the money, and the President was entitled to it. He said he opposes it philosophically.

According to the tax records of Vice President George Bush and his wife, they paid $11,735 in 1984 federal income tax on an adjusted income of $87,239

In 1983, the vice president and his wife, Barbara, paid $18,305 on an adjusted gross income of $142,117.

The vice president’s press office said a blind trust agreement, which originally prohibited disclosure of the vice president’s returns, was amended last year so that the returns could be released provided no information about the trust’s investments was disclosed.

It said the main reason for the lower tax in 1984 was that the Bushes paid $54,671 in tax-deductible interest to the Internal Revenue Service last year. Most of the interest was occasioned by a tax deficiency of $144,000 arising from a roll-over of the capital gain on the sale of the Bushes’ Houston, Tex., residence in 1981, and tax treatment of leftover campaign funds contributed to the Republican Party, the announcement said.