Posted at 08:41 PM ET, 01/19/2012

Newt Gingrich releases his 2010 tax returns

As promised, former House speaker Newt Gingrich (R-Ga.) has released his tax returns.

Worth noting as you peruse the returns: the data is for 2010, not 2011.

From the release issued Thursday night by Gingrich’s campaign:

The income tax return shows that for 2010, 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.

Click here for links to PDFs of the returns.

By  |  08:41 PM ET, 01/19/2012

 
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