Paul L. Caron
Dean


Thursday, February 16, 2012

Rick Santorum Releases Tax Returns

Rick Santorum yesterday released his 2007-2010 tax returns:

Santorum

Press and blogosphere coverage:

https://taxprof.typepad.com/taxprof_blog/2012/02/rick-santorum.html

Celebrity Tax Lore, Political News, Tax | Permalink

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Comments

As a good Catholic, shouldn't he be tithing 10% of his pre-tax wages as a minimum for his charitable giving? I think it's a fair question since his Catholic inspired social conservatism is his biggest selling point.

Posted by: jbird | Feb 16, 2012 8:01:25 AM

Why doesn't the Alternative Minimum Tax kick in at his level?

Posted by: Mike | Feb 16, 2012 8:02:04 AM

Notice a couple of things

1. Mr. Santorum presents himself as a "blue collar" Republican. Blue collar workers don't earn $1 million a year.

2. Charitable contributions at 2% of Gross Income??

3. No health insurance deduction, meaning he gets an employer or someone else to pay for his top quality health insurance and does not record the income. Something he would deny to others.

4. Mr. Santorum is rich. He has personal residence(s) in the millions and investment real estate in the millions.

So can we stop the talk about his poor grandfather!

Posted by: David R | Feb 16, 2012 9:31:31 AM

It appears his home mortgage interest is over the limit.

Posted by: lee | Feb 17, 2012 9:34:43 AM

2010 return indicates it is Self-Prepared. Maybe he is more of a blue collar type than some here think? His 2010 tax rate of 28.5% sounds a lot more blue collar than Mitt Romney's 13+%, even higher than Barak Obama's 26.3%. At least he seems to be paying his fair share. The amount of charitable contributions claimed is right around the national average, perhaps not too bad for a guy raising 7 kids.

Posted by: Shane | Feb 17, 2012 11:22:04 AM

10% tithing is not a dictum of the Catholic church.
It is up to each person to contribute what his means
and conscience tell him.
Before criticizing Santorum,check out the contributions of some others who
have recently run for president.
Is there something wrong with earning $1 million a year as long as
you pay your taxes and make charitable contributions. $81,544 given away
over 4 years is not all that bad.
Maybe David will be good enough to post his contributions both
in total and as a percent of his gross?

Posted by: Philip Ellian | Feb 17, 2012 12:35:01 PM