Santorum reports 4 years of tax returns

2012-02-16 11:18
Washington - Republican US presidential candidate Rick Santorum released tax returns on Wednesday showing he and his wife earned around $1m annually in the last few years.

Santorum issued returns for the last four years, the most of the current Republican candidates who have tried to outdo each other in showing transparency about their taxes.

The former Pennsylvania senator and his wife earned $659 000 in 2007, $952 000 in 2008, $1.1m in 2009 and about $923 000 in 2010, according to the tax returns posted online by the Politico news organisation.

"For me, I felt very successful in, you know, making money. I also was very successful at paying taxes. I think our effective tax rates were somewhere between 25 and 28%," Santorum told CNN on Wednesday evening.

Santorum and his wife paid about $167 000 in taxes in 2007, around $262 000 in 2008, $310 000 in 2009, and $263 000 in 2010, Politico reported.

Former private equity executive Mitt Romney, by far the richest man in the 2012 White House race, released tax records in January indicating he will pay $6.2m in taxes on a total of $42.5m in income over the years 2010 and 2011.

Lucrative jobs

Rival Newt Gingrich earlier revealed that he and his wife Callista paid $995 000 on an income of $3.1m in 2010.

According to the disclosures, Santorum's tax rate exceeds Romney but falls short of Gingrich.

Since losing his Senate seat in 2006, Santorum has secured a number of lucrative jobs, including working for a law firm, national media outlets, and serving as a consultant to healthcare and energy companies.

During his final year in the Senate, Santorum collected a congressional salary of $165 200. Since then, Santorum told CNN, he has earned "a little over $3m".

Santorum said he bought a "much bigger" house for his large family with seven children and its value dropped by 40%. He used his earnings to pay down the mortgage on that and also on expenses for his disabled daughter and on college for two others children.

Throughout the campaign, Santorum has called upon his humble roots to appeal to voters.

Read more on:    newt gingrich  |  mitt romney  |  rick santorum  |  us  |  us elections 2012

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.

Inside News24

 
/News

Book flights

Compare, Book, Fly

Traffic Alerts
Traffic
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.