CHICAGO - Shortly before placing another $500,000 into his campaign fund Monday, Republican gubernatorial candidate Bruce Rauner released three years of tax returns after filing petition signatures to be on the March GOP primary ballot. The Rauners' tax return shows $53,487,803 in income in 2012, with $10,136,134 in federal taxes and $2,657,192 in state taxes.
Rauner's income increased to over $53 million in 2012 from $28,154,293 in 2011 and $27,158,836 in 2010. The specifics are below:
Rauner 2012 Tax Summary:
Income on Federal Return: $53,487,803
Adjusted Gross Income on Federal Return: $53,069,810
Federal Income Taxes Paid: $10,136,134
Federal Tax Rate on Income: 19%
Federal Effective Tax Rate on Adjusted Gross Income: 19.1%
Illinois Net Income on State Return: $55,128,335
Illinois Income Taxes Paid: $2,657,192
View the 1040 by clicking here
Rauner 2011 Tax Summary:
Income on Federal Return: $28,154,293
Adjusted Gross Income on Federal Return: $28,066,984
Federal Taxes Paid: $6,072,630
Federal Tax Rate on Income: 21.5%
Federal Effective Tax Rate on Adjusted Gross Income: 21.6%
Illinois Net Income on State Return: $31,700,229
Illinois Income Taxes Paid: $1,582,102
View the 1040 by clicking here
Rauner 2010 Tax Summary:
Income on Federal Return: $27,158,836
Adjusted Gross Income on Federal Return: $26,915,158
Federal Taxes Paid: $4,585,913
Federal Tax Rate on Income: 16.9%
Federal Effective Tax Rate on Adjusted Gross Income: 17%
Illinois Net Income on State Return: $29,987,092
Illinois Income Taxes Paid: $899,613
View the 1040 by clicking here
The Rauners gave $13 million to charity in the last three years and promises to set up a blind trust for his holdings if Rauner is elected governor.
