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Branstad's tax return shows income of $234,907

by KIX101.1 /1230 KFJB News Department posted Apr 17 2014 10:01AM

DES MOINES, Iowa (AP) — Gov. Terry Branstad earned $234,907 and is paying $28,298 in federal taxes for 2013.

The governor and his wife, Chris, are paying $6,235 in state taxes.

By releasing his tax returns Wednesday, Branstad continued a practice he's done annually as governor.

Branstad's governor salary totaled just over $127,000. He also earned more than $54,000 from the state's retirement pension fund from earlier service as governor, lieutenant governor and legislator. Additional income of $22,000 is from capital gains earned on business investments. He also received $35,000 from an IRA following an uncle's death.

Branstad contributed more than $40,000 to charities.

He paid an effective tax rate of 12 percent.

His Democratic opponent, Sen. Jack Hatch, released documents Tuesday showing income of $468,591 from real estate development businesses and his state salary.


 
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Location : Des MoinesIowa
04/17/2014 9:55AM
Branstad's tax return shows income of $234,907
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