Rick Santorum Releases His Tax Returns

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.

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.

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.