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.