Rick Santorum Releases Four Years Of Tax Returns

by Meenal Vamburkar | 12:11 pm, February 16th, 2012

» 13 comments

Rick Santorum released four years worth of tax returns from 2007 to 2010. For all four years, Santorum and his wife, Karen, filed joint returns. Their adjusted gross income was highest in 2009, at about $1.1 million, and went to about $923,000 in 2010.

In terms of taxes, the Santorums paid: about $167,000 in 2007, about $262,000 in 2008, $310,000 in 2009, and $263,000 in 2010. Their tax rate ranged from 29 percent to 25 percent over those four years.

While campaigning in North Dakota, Santorum made a statement about the release. As reported by Politico:

“I don’t have wealth. I don’t have investments. I don’t have capital gains,” said Santorum, who added that “most of the assets that I ended up building was paying down a mortgage on my house that went down in value.”

“So that’s where most of my money went. But as far as the tax rates were concerned, (Romney) had dividend income, he had capital gains income and was taxed at 15 percent,” he said. “I had …income, which was taxed at a higher rate.”

The Associated Press describes the returns as “detailing the trajectory of a politician who grew more prosperous in the Senate and became a millionaire afterward, at times capitalizing on his Beltway connections.”

Santorum’s income is less than that of Mitt Romney and Newt Gingrich (who made about $21.7 million and $3 million in 2010, respectively). He also released more years worth of returns than the two opponents.

Republican Primary, Rick Santorum, Tax Returns

http://mediamatters.org/ Leedog

Message to Rick Santorum: You’re unelectable!!
Gloves T. Donahue

Obama’s tax expert Tim Geithner probably poring over them right now.

Actually, Obama may have had everybody’s returns at Obama Campaign Headquarters ( formerly the White House) for months now.
Anonymous

you sound desperate…. it’s Mitt Romney would should be worried.
Anonymous

1%!! KILL HIM!!
Anonymous

Mitt, it’s your turn. You’ve got another two years to share just to catch up.
Anonymous

You sound upset that Mitt is not doing too well in the polls.
Paul Doro

A millionaire claiming that Democrats are snobby elites looking down at the common folk. Priceless. He’s a moron.
http://pulse.yahoo.com/_U7T5LVIQK7AMIBM5WI765VDVDQ smald4lib

He and his cohort, Gingrich, run on anti government but make their money from the government. Priceless…….and the other one, Mintrawmoney, made his money being a vulture capitalist. These are big government politicians when it’s handy for them, and then they become libertarians when government has to do something for the people, calling it socialism.
Anonymous

Another “heroic patriot.” Always interesting to see the tiny Repugs identify with this each election.
Nobodies who will never be anybodies.
http://twitter.com/BusyDay2day Father Time

He claims he isn’t wealthy – I have but one friend who I know comes even close to making a combined $1 million with a spouse. That is an incredible figure and demonstrates how out of touch our political class is with most of America.
Anonymous

Can we also see his off shore accounts?
Anonymous

You’re trying to make a point. Come back when the medication wears off and share it.
Anonymous

Sure he is aren’t dog catchers elected in some locations?