Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

TexasTowelie

(112,216 posts)
Fri Apr 17, 2015, 07:36 PM Apr 2015

Greg Abbott made $134,000 last year and paid $104 in income taxes

Gov. Greg Abbott released his 2014 income taxes on Friday, revealing that because of capital gain losses and other deductions that he paid a federal tax rate of only .07 percent.

Abbott and his wife Cecilia earned a gross income of $134,000, almost exclusively from his state salary as then-attorney general.

But because of losses from investments and large deductions, the Abbotts paid $104 total in federal income taxes. They are due a refund of $19,390.

Volunteering to make his taxes public are “in keeping with his pledge to release tax returns each year he serves as governor,” said press secretary Amelia Chasse.

Read more: http://trailblazersblog.dallasnews.com/2015/04/greg-abbott-made-134000-last-year-and-paid-104-in-income-taxes.html/

1 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Greg Abbott made $134,000 last year and paid $104 in income taxes (Original Post) TexasTowelie Apr 2015 OP
How much did he lose? pipoman Apr 2015 #1
Latest Discussions»Region Forums»Texas»Greg Abbott made $134,000...