Newt Gingrich Releases His Income Tax Return on the Internet During Debate

reminiscences of a stock operator pdf

Newt Gingrich Releases His Income Tax Return on the Internet During DebateAs a debate began between the Republican presidential candidates, Newt Gingrich released his 2010 federal income tax return, placing it on the Internet for all to see.

In an obvious political ploy to goad his opponent Mitt Romney into revealing his income tax returns, Newt Gingrich’s campaign released the tax return along with a statement:

“Speaker and Mrs. Gingrich owed federal taxes of $994,708 on an adjusted gross income of $3,142,066. $613,517 of the tax amount owed had been previously withheld or otherwise paid, and the couple paid the remaining balance due of $382,734 (which included an estimated $1,543 tax penalty) with their filing.”

“Included in the wage and salary income reported on Speaker and Mrs. Gingrich’s tax return is $450,245 in combined wages; $41,625 in income from speaking and board of directors fees; $6,853 in rental income from real estate holdings; $11,892 in ordinary dividends; $5,990 in qualified dividends; and $2,525,683 in income from partnerships and S corporations, including the Lubbers Agency Inc. and Gingrich Holdings, Inc.

Read More: http://mashable.com/2012/01/19/newt-gingrich-income-tax-return/

For exclusive info on hedge funds and the latest news from value investing world at only a few dollars a month check out ValueWalk Premium right here.

Multiple people interested? Check out our new corporate plan right here (We are currently offering a major discount)



About the Author

Sydra Farooqui
Sydra is our content manager. She also is in charge of Search Engine Optimization of posts and pages. She is generally the person behind curtains who visualizes and implements the Social Media Strategy of the website. Sydra is one performance-driven, insightful individual, who is an important asset of our team. She holds a Bachelors of Business Administration from IU (Iqra University), one of the top universities.

Be the first to comment on "Newt Gingrich Releases His Income Tax Return on the Internet During Debate"

Leave a comment

Your email address will not be published.