Quayle’s Figure $34,309, His Office Says : Bushes Paid 21.6% in Taxes, Returns Show

President and Mrs. Bush paid $62,106 in federal taxes last year on an adjusted gross income of $278,171, including his $115,000 salary as vice president, according to tax returns released today.

Besides Bush’s salary, the couple also reported $155,662 in income from a blind trust they share, $7,147 in interest income and $12,362 in income from other sources.

The Bushes paid taxes equivalent to 21.6% of their total income.

Bush, who became a millionaire in the oil business in Texas, has a net worth in the range of $2 million, much of it wrapped up in the family’s $3.5-million oceanside home in Kennebunkport, Me.

Bush and his wife Barbara claimed $65,365 in itemized deductions, which included $12,250 in contributions to 39 charities.

Vice President Dan Quayle, also releasing his tax forms today, reported adjusted gross income of $156,546 for 1988. Quayle paid federal and Indiana state income taxes of $34,309, his office said in a summary of his return.

The vice president reported his $89,500 salary as a U.S. senator and $451,636 in honorariums from speaking fees, interest and dividend income and capital gains, all relating to his family’s Central Newspapers Inc.

Quayle and his wife, Marilyn, also claimed $50,503 in itemized deductions, including $17,270 in charitable contributions.