Illinois Governor Bruce Rauner releases tax returns
Posted: Nov 11, 2016 8:25 PM CST Updated: Nov 11, 2016 9:22 PM CST
By Matt Sczesny, Reporter
Springfield, Ill. (KMOV.com) -
(KMOV.com) - Illinois Governor Bruce Rauner released his 2015 tax returns showing he reported income of $188 million.
The Republican also paid over $50 million in federal and state taxes. Most of Rauner's income came from his investments, totaling $169 million.
This year the governor pumped in over $30 million of his own money into supporting Republican candidates in Illinois and even the gubernatorial race in Missouri.
Rauner only released two page federal and state returns and did not disclose any schedules or attached forms that would have revealed more information about his finances.
Gov. Bruce Rauner and his wife have reported more than $170 million in income for 2015.
The Rauners had a taxable federal income of $176.7 million and paid more than $50 million in state and federal taxes on that income. They had a state taxable income of $188.2 million and paid a total effective tax rate on income of more than 26 percent.
In a news release, Rauner announced his family’s philanthropic foundation made contributions of more than $11.6 million.
Rauner personally donated more than $30 million to state elections this year, including a $1 million donation to a group supporting Republican candidate for Comptroller Leslie Munger in late October. He also donated $9 million to a campaign group for Illinois Rep. James Durkin (R-Western Springs). Durkin is the House Republican leader.
In 2015, Rauner reported a $58 million dollar income for 2014. Since becoming governor, he has not had control over his business’ investments, which are set up in a blind trust. Rauner ran an investment fund before running for governor.
At an event on Friday, Rauner said maybe not having control over his investments had been a good thing.