Palin Tax Returns:Sarah Palin Tax Return
By Dylan on Oct 3, 2008 in US News | | |
Palin Tax Returns:Sarah Palin Tax Return - Palin tax returns is the talk of the day.Palin tax returns was scheduled to be released on Monday but the McCain camp decided to put them out on a Friday afternoon to allegedly cover something,because not much people watch TV or read newspapers Friday evening and Saturday.Apparently the Palins did not mention the $60,000 of travel of per diems which are taxable.Palin tax returns are below:
For Immediate Release
Contact: Press Office
Friday, October 3, 2008
703-650-5550
ARLINGTON, VA — Today, the McCain-Palin campaign released Governor and Todd Palin’s tax returns for 2006 and 2007. The Palins’ tax returns show that they paid $36,682 in federal taxes for 2006 and 2007. In the past two years, Governor and Todd Palin have contributed $8,205 to charitable causes. Below please find summary information about the Palins’ 2006 and 2007 tax returns.
The McCain-Palin campaign also released Governor and Todd Palin’s Public Financial Disclosure Report.
SUMMARY OF TAX RETURNS
Taxes Paid:
For 2006, the Palins paid $11,944 (LINE 63) in total taxes on gross income of $127,869 (LINE 37), which is a 9.3% tax rate.
For 2007, the Palins paid $24,738 (LINE 63) in total taxes on gross income of $166,080 (LINE 37), which is a 14.9% tax rate.
Charitable Contributions:
2006
In 2006, Sarah and Todd Palin donated $4,250 to charity in cash/check donations and $630 in non-cash/check donations, for a total of $4,880. This is 3.3% of their adjusted gross income.
2007
In 2007, Sarah and Todd Palin donated $2,500 to charity in cash/check donations and $825 in non-cash/check donations, for a total of $3,325. This is 1.5% of their adjusted gross income.
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Governor and Todd Palin’s Financial Information
That’s all we have for now on Palin Tax Returns:Sarah Palin Tax Return.
tonimm | Oct 3, 2008 | Reply
I was laid off last year by a multinational corporation that ships jobs overseas while making record profits. On my severance pay I had to pay about 30% taxes and they pay around 10%???
To make things sweet I later found out that the company’s closing of my retirement health care savings account (since I was laid off a year before retirement I get nothing) was just about the same amount as the severance pay.
My severance was funded by them closing out my retirement health care. High fives and bonuses to the executives all around.
Things can be legal without being moral; but, it seems doing the right thing does not inspire many of those with power or wealth.
Ten percent tax….. I still can’t believe it!
Michael | Oct 6, 2008 | Reply
I love how you bash Palin, but your grammar is a bit off. If you are going to argue a topic, at least articulate your thoughts correctly. I hope my words were not to big for you to understand.