February 15th, 2012
10:30 PM ET
3 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. ARALE NORIMAKI

    Rick Santorum Voted Most Corrupt Politican In 2006

    February 15, 2012 07:14 pm at 7:14 pm |
  2. dagoberto

    This guy is trying to hide his corrupt $$$

    February 15, 2012 07:30 pm at 7:30 pm |
  3. GI Joe.

    Guess they're .... um..... editing.. um.....

    Never mind. They probably will be spic-n-span (ONLY 4 years?).

    Will they show his lobbyist fees and maybe kickbacks?

    February 15, 2012 07:42 pm at 7:42 pm |
  4. logicnLA

    That's four years more than he will ever see as President.

    February 15, 2012 07:59 pm at 7:59 pm |
  5. Thomas

    Tax Returns . This guy wants us to live in fear of God , Fear of Terrorists , Fear of the world.

    Rick Santorum warned a quiet North Dakota audience Wednesday that their state's booming oil industry positioned the region as a prime target for terrorism.

    "Folks, you've got energy here. They're going to bother you. They'll bother you, because you are a very key and strategic resource for this country," the Republican presidential candidate said. "No one is safe. No one is safe from asymmetric threats of terrorism."

    February 15, 2012 08:01 pm at 8:01 pm |
  6. Perry P.

    Translation: There's some reslly questionable stuff in his returns 5 years and back....

    February 15, 2012 08:11 pm at 8:11 pm |
  7. anagram_kid

    Dear GOP, Please do everything you can to ensure this candidate gets the nomination!!! I know that the base will have to do some catching up as he lives in the 10th century and their are still in the 4th or 5th. But I know you can do it!

    February 15, 2012 08:15 pm at 8:15 pm |
  8. G

    Romney has refused to release any of his tax returns prior to 2010. Why?

    February 15, 2012 08:37 pm at 8:37 pm |
  9. Timmy

    Maybe he should disclose whom he was lobbying for....getting paid close to a million dollars a year for a one person show is pretty steep. Makes Newt almost look like a pauper in the lobbying game....

    February 15, 2012 10:08 pm at 10:08 pm |
  10. rude

    Santorum needs Mitt's tax preparer to do his taxes.

    February 15, 2012 10:39 pm at 10:39 pm |
  11. Larry L

    @“I worked very hard – in many cases, six or seven jobs a year,” Santorum said Wednesday

    -----------------------------------------------------------–Think about that statement... If a person worked six or seven jobs a year would they have time to be a politician? Why would you need to make this claim? He made over a million dollars a year but is trying to show himself as a working-class person. This is simply a lie told by yet aonther slimy politician.

    February 15, 2012 10:51 pm at 10:51 pm |
  12. T in Dallas

    Seriously? A millionaire that does his own taxes...no wonder he paid 25-28% in federal taxes! Reminds me of the lawyer who has himself as his own client. He should take some lessons from Mittens!

    February 15, 2012 10:57 pm at 10:57 pm |
  13. cisco4

    Santa and his millions...So whats for us ordinary people...santa?

    February 15, 2012 10:58 pm at 10:58 pm |
  14. Eirik

    How did Santorum make that money? Speeches, book sales, donuts, lobbying, "strategic advice"?

    February 15, 2012 11:09 pm at 11:09 pm |
  15. lakersfan

    Hmmm, NOW we find out Santorum is a millionaire like Gingrich and Romney. What a hypocrite Santorum is!! The way he talked in the debates, he acted like he was just a regular wage earner making $50,000 a year. He is SO jealous of Romney's success in the business world and him being more qualified to be President than Santorum. We'll see what happens when Santorum's liberal voting record from his many years as a Senator from Pennsylvania comes out and Tea Party and conservative voters will finally see that he really isn't "conservative" at all. Go Romney!!!!

    February 15, 2012 11:09 pm at 11:09 pm |
  16. Sanity

    So, Santorum pays more in taxes than Buffett's secretary. Still, the left will be offended.

    February 15, 2012 11:11 pm at 11:11 pm |
  17. lotomoney

    that's a lot o money these guys make for not doing what the average person does in a week!!

    February 15, 2012 11:14 pm at 11:14 pm |
  18. RayJacksonMS

    What jobs has this idiot worked other than spreading hate to line his own pockets?

    February 15, 2012 11:16 pm at 11:16 pm |
  19. Anonymous

    Why is he asking accountant to check to see if they are correct after they have been filed?

    February 15, 2012 11:24 pm at 11:24 pm |
  20. Adam

    Doing what? Especially in the last year.

    February 15, 2012 11:25 pm at 11:25 pm |
  21. chuck weidemann

    So only Romney gets the break.....Santorum and Newt should be voting for Obama!!!

    February 15, 2012 11:25 pm at 11:25 pm |
  22. tonyl

    And they call him blue collar Santorum? Which blue collar worker in this country earns $3.6 million in 4 years? This is all from FOXNEWS and Murdoch and of course free ride from the corrupt congress retirement fix that these corrupt lawmakers have set themselves up.

    February 15, 2012 11:34 pm at 11:34 pm |
  23. trojanwarrior007

    he's done well for himself. he better back off the Romney "rich guy" rhetoric though.

    February 15, 2012 11:34 pm at 11:34 pm |
  24. joey

    “There are no Palestinians. All the people who live in the West Bank are Israelis. There are no Palestinians. This is Israeli land.”
    ~Rick Santorum, falsely claiming that there are no Palestinians living on the West Bank.

    February 15, 2012 11:37 pm at 11:37 pm |
  25. Eddie

    He is paying his fair share. Nice

    February 15, 2012 11:38 pm at 11:38 pm |
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