Newt Gingrich Releases His Tax Returns

CHARLESTON, S.C. -- In the opening moments of the Republican debate here Thursday night, Newt Gingrich's campaign released his 2010 tax return.

The campaign issued an accompanying statement:

Atlanta, GA -- Today, Newt and Callista Gingrich released their 2010 federal income tax return, which they filed jointly with the Internal Revenue Service.

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.

You can download the entire tax return here.

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Comments

[PityThe Billionaires]

03:55 PM on 01/23/2012

Big Deal ! He released one year of manipulated tax returns. He shut down his "Lobbying Arm" in 2010 so we couldn't see the income from it. He hid the rest by putting the business's in his daughters names. I want to see the corporate returns to see where the (Lobbying) and (Speaking Fees) came from ! !

[Bankerman1949]

04:53 PM on 01/22/2012

Newt's tax return shows that he paid 31% on his AGI in 2010, including pass-through income from sub-S corporations and partnerships. However, without the K-1 statements from those entities, we don't know how much was paid to Newt in non-taxable distributions. His actual cash flow may have been significanlty higher (or lower).

[Blackspeare]

04:51 PM on 01/22/2012

Forget my previous comment----I must have taken a stupid pill today!

[Blackspeare]

02:47 PM on 01/22/2012

The joint shows medical and dental expenses of over $3 million-----can this be correct----what ever is wrong with them? Is it extensive cosmetic procedures? Is Newt or Callista seriously ill? Or is it ObamaCare?

[ceci2012]

03:54 PM on 01/20/2012

Why do you even censor any comments? That's what Ron Paul is talking about - personal freedom

[ceci2012]

03:53 PM on 01/20/2012

Why would you not immediately approve my last comment - precise example of SOPA and PIPA

[ceci2012]

03:44 PM on 01/20/2012

Doesn't it figure that Palin would vote for Gingrich - he quits his wives and she quits her governorship. How ironic the unethical leading the unethical.

Would you really want a bleached blonde bowl-do husband stealing first lady to represent all the honest hardworking loyal people in America - something is grossly wrong with this picture - come on women, where's your self-respect? Voting for this Gingrich character only condones this man's "despicable" (sorry, I had to do it, had to use his own words) demeaning conduct toward women. Then women wonder why they aren't treated better. Now is the time for women to send a clear message that no man who's conduct is so base and hypocritical and demeaning to women will be voted into any position let alone the Republican nominee. And don't let your husbands vote for him either. If your husband votes for Gingrich, is he saying to you that it would be okay for he himself (your husband) to cheat on you and ask you for a divorce as soon as you become ill and in his way? Think about this one? Show me who you respect and I'll show you who you are......

[ceci2012]

03:44 PM on 01/20/2012

The only reasonable move is for

MITT ROMNEY and RON PAUL Independent Ticket in November!!!!!

They will take the country by storm. People really do recognize and appreciate principled and honest people. They would leave all the Republican hypocrits and demographic enablers in the dust.
Why should Mitt or Ron Paul care about the Republicans - they are back stabbers and are not helping their campaigns. Paul and Romney appeal to real people with real values.

[JASCHA H]

02:53 PM on 01/20/2012

Dr. Paul is the only honest and sincere candidate among these GOP candidates--he speak the truth and is very convincing doing it--but I believe no one of them is a SERIOUS contender to Obama who will be reelected. I WILL VOTE FOR THE CANDIDATE WHO WILL ENRASE THE IRS from the face of our planet. to AVOID WARS, AND TO MAKE A PART TIME JOB FOR THE MEMBERS OF THE HOUSE AND SENATE. INTEGRITY,HONESTY MATTERS ESPECIALLY WHEN WE ARE VOTING FOR THE PRESIDENCY OF THE UNITED STATES. NO PRESIDENT MANAGED YET BEEN ""ALL THINGS" TO THE PEOPLE. THEY ARE HUMAN BEINGS AND THEY MAKE MISTAKES LIKE EVERY ONE OF US. OBAMA STILL THE BEST CANDIDATE.

NOT EVEN THE ALMIGHT GOD HAS SUCCEDEED IN PLEASING ALL THE HUMANITY.

[mcneas1005]

02:42 PM on 01/20/2012

Never mind Newt and Mitt's income. How did Obama's worth increase to over $7 million in just three years? Do the math, his salary doesn't ad up. Clinton went from broke and in debt to $285 million in 11 years? Take the time to question their number and explain it to the public.

[ceci2012]

01:23 PM on 01/20/2012

Gingrich should be appalled at the media. He should be appalled that the media is condoning his dishonesty, his hypocrisy (he led the charge against Clinton while doing the same thing), and his bad character to make the race last longer so they can sell more air time. The media, as they did with Hilary, shot her down because they didn't think Obama could win. That backfired. Now they are doing the same thing to Romney. John King should lose his job for allowing (which he admitted in the post debate show) Gingrich to weasel out of the MOST IMPORTANT issue - character. John King said he knew Gingrich was ready for the question. He basically played into Gingrich's dirty playbook. I will never watch another John King show. I thought John King had integrity but I guess he's been playing with the Washington insiders (again as he admitted "I know how the game works").

[ceci2012]

01:23 PM on 01/20/2012

MITT is a far different person. His colleagues respect him and he has stood by his only wife when she was diagnosed with her crippling disease. The proof is what you do when your character is tested. We've seen what Gingrich does over and over. We've also seen that Romney always takes the high road, always is LOYAL. LOYALITY and INTEGRITY in all instances are the most important qualities of a President. From there everything follows and God will be with them.

[myline2]

02:17 PM on 01/20/2012

Mitt believes the "little people", who work all day for a wage, should pay a higher tax rate on their incomes than the Rich pay on income they earn by just "parking" their $ in Stocks.

While the Average Joe pays 25-31% in taxes...Mitt pays 15% ( and wants to make that the rate
for everyone @ the top, not just the Investors). And you call that Integrity?

PS. Your kids will be stuck with the Debt from those Wars Mitt's Rich Friends profited from, and they'll be paying those higher tax rates to pay it off...

[ceci2012]

01:22 PM on 01/20/2012

Newt is an ruthless opportunist. When New't first wife was diagnosed with cancer, he asked for a divorce. When Newt's second wife, who he had been cheating on for 6 years, was diagnosed with multiple sclerosis, Newt asked for a divorce. He chose Calista "who would help him become President." Ethics violations in congress caused him to be heavily fined and his own party booted him out. Would you ever expect him to be loyal to the US? He asked forgiveness from God, yet his own charitable contributions to his church are inadequate far less than other's with income. He's a fraud and will say anything to achieve his own agenda.

[skeakins]

01:10 PM on 01/20/2012

Mitt should do exactly as Obama did...and release his tax returns in April. Gingrich and Santorum are ganging up on him and rabble-rousing...making them both look bad. Neither Gingrich or Santorum can win the nomination...so they attack Romney.

[economystc]

12:52 PM on 01/20/2012

i am not surprized that Newt is not very good at tax planning, he is not an attorney. however the lesson I would take away from this is that he doesn't understand the law very well and that is why most Presidents and politicians are attorney, they have to deal with the laws of the land. With over 300 million people it is not a simple task. His inability to understand the complexities of the legal system (speaker of the house is not a qualification) and his undoubtably offensive style is enough to disqualify him for dogcatcher. I can understand why he quit as Speaker.