Associated Press
Thursday, January 19, 2012
Gingrich paid $994,708 in taxes in 2010
WASHINGTON — Republican presidential candidate Newt Gingrich paid $994,708 in federal taxes in 2010 on more than $3.1 million in income.
Gingrich disclosed his tax returns Thursday evening, minutes after the start of the televised Republican presidential debate, showing that the former House speaker owed roughly 31.6 percent of his adjusted income in taxes. Gingrich took aim at rival and multimillionaire Mitt Romney this week after Romney — who is worth more than $250 million — said he paid only 15 percent of his income in taxes.
Gingrich gave $81,133 in cash or checks to charities, about 2.6 percent of his income. That is considerably less than the average of $259,692 that households earning at least $2 million a year gave in 2009 to charities, according to research from the Center on Philanthropy at Indiana University.
Personal financial disclosure forms filed last summer show Gingrich is worth more than $6.5 million. He reported at least $500,000 in assets from Gingrich Productions, his media company that produces books and films.
Associated Press