February 15th, 2012
10:30 PM ET
2 years ago

Santorum took in $3.6M in four years; highest tax rate was 28.3%

(CNN) – Rick Santorum’s latest four years of tax returns show he earned more than a total of $3.6 million, according to spokeswoman Alice Stewart.

In 2010, his most recent year of tax returns, Santorum earned $930,230 and paid $263,440 in taxes at a rate of 28.3%.

In 2009, he took in $1.1 million in income and paid $310,212 in taxes at a rate of 27.5%.

In 2008, Santorum earned $952,630 and paid $262,100 in taxes at a rate of 27.5%.

In 2007, his first year out of the Senate, Santorum took in $668,480 in income and paid $167,760 in taxes at a rate of 25.1%.

Santorum and his wife, Karen, filed jointly each year.

“I worked very hard - in many cases, six or seven jobs a year,” Santorum said Wednesday in an interview on CNN’s “Piers Morgan Tonight.”

He added that he had a “couple of setbacks,” including a 40% drop in the value of his house, mortgage payments, and medical bills for his child born with a disability.

The candidate said he decided to release the four years since he’s been out of the Senate and in the private sector. He said he did not keep his tax returns while he served in Congress as a two-term senator and two-term congressman.

Santorum has been promising for about a month to release his taxes, but has delayed doing so. He originally said he had to return home to get them off his computer, since he says he does his own taxes.

Then, after he returned home to collect the information nearly three weeks ago, he told CNN Chief National Correspondent John King he was consulting with an accountant to make sure all the information was correct.

Santorum aides emphasized and underscored that he released four years' worth of tax information – twice as many as chief rival Mitt Romney.

Last month, Romney and his wife Ann reported making $21.7 million in 2010 income and paying $3 million in federal taxes. They said his 2011 income was nearly $21 million, with a $3.2 million tax bill. Their effective tax rate – the percentage of his income owed in federal taxes – was 14.5 %.

Newt Gingrich released only one year of his income taxes – 2010. He reported making $3.1 million and paying $994,708 in taxes. He was taxed at a rate of 31%.

Numbers from Santorum’s tax returns were first reported Wednesday night by POLITICO.

Also see:

Gingrich: Santorum 'misunderstands' modern warfare

Santorum slams Obama administration as 'elite snobs'

Romney surrogates attack Santorum's record

CNN Poll: Romney's likability fading

CNN Poll: Gender and income gaps in GOP nomination battle


Filed under: 2012 • Rick Santorum • Taxes
soundoff (116 Responses)
  1. bearced

    Another politician using his Washington influence to make money. Surprise surprise

    February 16, 2012 07:14 am at 7:14 am |
  2. timz

    I guess Santorum has been busy as a "historian" since he got booted from the Senate. Of course, when you think about it, if you're working two jobs (like many poor or middle class people) you're probably working really hard but the only way to work "six or seven" jobs at once is to not do very much for any of them.

    February 16, 2012 07:18 am at 7:18 am |
  3. longtooth

    No need to pass the hat for any of them. It's great that people can make that kind of money, but sad that they don't realize we can't all be millionaires. They'll all be unemployed after the election. Then it's on to the speeches and book deals.

    February 16, 2012 07:27 am at 7:27 am |
  4. Willie12345

    Another crook. No surprises here. Next batter, please.

    February 16, 2012 07:31 am at 7:31 am |
  5. Iknowthetruth

    And it never says HOW he "earned" that money.
    LOL
    They sure said it about the other two.
    They also left out that he bought a 3 million dollar house.
    My favorite part? "We had setbacks, "MORTGAGE PAYMENTS". Yea, those things pop up unexpectedly and really put it to you.
    Nice spin job on his income. He is wealthy in my book.
    Try gain.

    February 16, 2012 07:32 am at 7:32 am |
  6. Anonymous

    Didn't keep his tax returns from his time in Congress?!? Aren't people supposed to keep the last 7 years of returns for destroying them? And can't he get them from the IRS if necessary. Something smells fishy.

    February 16, 2012 07:33 am at 7:33 am |
  7. ohcanada

    No wonder the rich don't like paying taxes; they paying millions in taxes only to be wasted by the government.

    February 16, 2012 07:35 am at 7:35 am |
  8. Johnny DC

    Gasp! Another evil businessman Republican who provides for his family with such egregious amounts of money! They are so out of touch.

    February 16, 2012 07:38 am at 7:38 am |
  9. PhilG

    Aww, Rick. Only a mil per year. That's near the poverty line for Republicans, isn't it? I see your wife filed jointly. You actually LET her work?!? I thought a woman's place is in the home, making and taking care of babies. Preferably barefoot. You are such a fraud Rick.

    February 16, 2012 07:44 am at 7:44 am |
  10. GI Joe.

    He may have GOTTEN that but I doubt he EARNED it.

    Did his wife sue another chiropractor? Or did he hit Pennsylvania for more than $100,000 taxpayer dollars to home school their kids in the beltway?

    February 16, 2012 07:46 am at 7:46 am |
  11. ElmerGantry

    Elietists who call dems elitist and all the while pretend to be FÄÜX Joe SixPacks.

    February 16, 2012 07:47 am at 7:47 am |
  12. shapiro

    Regular Middle class? yeh right.

    February 16, 2012 07:47 am at 7:47 am |
  13. Sammy Z

    So Santorum paid a percentage of his income in taxes in line with what someone earning a million plus a year should pay. Romney, on the other hand, paid a lower percentage of his income in taxes than I have paid my whole life! He even paid a lower percentage than almost ever one of our service members sacrificing their family time, personal liberties and even their lives, has paid.

    How is that right?

    February 16, 2012 07:48 am at 7:48 am |
  14. TheButcher

    He must be evil. Only a servant of satan can make that much money in that short of time. What a powerful story..... that man has paid more in taxes than I ever will.

    February 16, 2012 07:55 am at 7:55 am |
  15. Jim

    I wonder love to know how many days/hours "six or seven jobs a year" translates to. When most people say they are working 2 or 3 jobs, this translates to 80-100 hours per week. I have a feeling it translates to 80-100 hours per year for him. I would also love to hear about his stock portfolio and see if there is any evidence of insider trading.

    February 16, 2012 07:55 am at 7:55 am |
  16. Lola

    He doesnt have his tax records from when he was a Senator or Congressman?? He is a fake.

    February 16, 2012 07:56 am at 7:56 am |
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