Newt Gingrich Posts Income Tax Return on the Internet During Debate

 By 
Charlie White
 on 
Newt Gingrich Posts Income Tax Return on the Internet During Debate
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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.

"For the year 2010, the Speaker and Mrs. Gingrich reported $4,184 in net short-term capital gains and $32,541 in net long-term capital losses. Over the course of the year, the couple also contributed $81,133 to various charities, including the Basilica of the National Shrine of the Immaculate Conception."

For a peek inside the personal financial dealings of someone who is obviously quite wealthy, take a look at Newt Gingrich's tax return here (.pdf file). Gingrich's financial disclosure forms filed last summer revealed he's worth more than $6.7 million.

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