Presidential candidate Rick Santorum released four years’ worth of his joint income tax returns with his wife Karen, showing the former senator had adjusted gross income of nearly $1 million in 2010.
Rick Santorum
Santorum’s campaign released his tax returns for 2007-2010, showing AGI of $923,411 in 2010 and total taxes of $263,442, a 28.5 percent tax rate. Santorum earned more in 2009, however, when his AGI was $1,116,736, and in 2008, when his AGI was $945,100. He paid $310,212 in 2009, a total tax rate of 27.8 percent, and $262,082 in 2008.
His lowest-earning year out of the four was in 2007, when his AGI was $659,637, when he paid $167,759 in taxes, a 25.4 percent tax rate.
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Much of his income in 2010 came from consulting and speaking engagements, from which he earned $550,288. The Santorums also earned rental income of $48,850 that year from renting some condominiums. They claimed $16,289 in gifts to charity that year.
2 Comments
would like to know if jbaddish is an accountant or tax preparer? how bout if he/or she puts there return online for review!!!
Posted by: cely@mclaincalhoun.com | February 17, 2012 10:33 AM
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Where's their money? Very little interest & dividend income for a couple with such high income. Even with 7 kids. Does he have a good personal budget at home? They also should be audited for 2008 & 9 as their mortgage interest is pretty high considering the deductibility limits of that line item.
Posted by: jbaddish | February 17, 2012 7:43 AM
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