News In Brief

Bush told to pay $198,000 in extra taxes on house sale

The Internal Revenue Service directed Vice-President George Bush to pay an additional $198,000 in taxes and interest last June after ruling that he had failed to report $500,000 in income from the sale of his house in Houston. Mr. Bush insisted for months that he was barred from disclosing his tax returns by the terms of the blind trust established when he became vice-president. But because his home in Maine is not included in the trust, he said he knew that the IRS had billed him nearly $200,000 in taxes and interest in a capital gains tax dispute.

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