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. Truth Only

    WOW!!!!!
    Really, we are trying to shame people for paying 27% in taxes? Since when did life become a race to pay the most taxes to show your patriotism??? Specially when we know that it is mostly wasted, be in wars we shouldn't be in, or on social programs that should not exist? This is very sad

    February 15, 2012 11:43 pm at 11:43 pm |
  2. Steve Moore Smithton, Mo.

    Made alot, paid alot, just as it should be. Thanks Rick. Nobody should have a problem with that but, i'm sure someone or some media outlet will find something bad to say. I don't support you but at least you've come clean and done the right thing on this issue.

    February 15, 2012 11:46 pm at 11:46 pm |
  3. Truth Only

    The goal should be to pay the least taxes possible: that means we have a strong economy, everyone is working, and we don't have people sucking the life out of those of us that actually want to achieve something in life, both economically and socially. Here's a small question: why is it ok for people to receive money forceably taken away from me so they can have smart phones and cell phone plans for everyone in their family?

    February 15, 2012 11:48 pm at 11:48 pm |
  4. kurt

    And while Santorum made millions, Obama has lost all of us trillions...hmmmm

    February 15, 2012 11:48 pm at 11:48 pm |
  5. My name is Jose Jimenez

    He better figure out a way to increase his income with all those kids to put through college.

    February 15, 2012 11:48 pm at 11:48 pm |
  6. BIG Andy

    You mean to tell me A US Senator doesn't keep his tax returns while serving in the US Senate? That seems quite odd. Maybe. I think he ought to ask the IRS for copies, and then release them. At a minimum, for the most recent 6 years prior to the four years he does have.Why would he not keep them anyway?

    February 15, 2012 11:51 pm at 11:51 pm |
  7. mfx3

    I love the implication that if you're not pulling a high 6-figure/low 7-figure salary you're just not working hard enough.

    February 15, 2012 11:55 pm at 11:55 pm |
  8. Paul Revere

    So what exactly is Mr. Santorum's employment postion???? That's alot of money, sure sounds like a lobbyist or deal he made while in office.

    February 15, 2012 11:55 pm at 11:55 pm |
  9. Markwonder

    Ok, Let's all hate Rick Santorum for being sucessful in this land of opportunity.

    February 15, 2012 11:56 pm at 11:56 pm |
  10. Rachel

    Wow, 3 Mil, huh? Amazing.

    Its REALLY amazing to know I sit here struggling to get dental and health insurance while I am unemployed at 58 years old, and can't, yet see this guy racking in the dough.

    Hit them hard, President Obama. Us poor folks need you to do something drastic so that we have some chance at long term survival.

    February 15, 2012 11:57 pm at 11:57 pm |
  11. claudial

    “I worked very hard – in many cases, six or seven jobs a year." I would like to know what kind of work Mr. Santorum has done to be such a wealthy man. It's good he has released his taxes & at least paid more taxes than most of the rich.

    February 16, 2012 12:01 am at 12:01 am |
  12. Bulworth

    He should get tax advice from Romney.

    February 16, 2012 12:01 am at 12:01 am |
  13. snookers

    Well, looks like generally the more you make' the less % you pay in taxes. So what is new.
    Except that Newt needs a new accountant. Even his accountant dislikes him apparently.

    February 16, 2012 12:03 am at 12:03 am |
  14. BinMesa

    I do not care if he paid 90% taxes. I still would NEVER vote for Santorum. I like the 21st century and would prefer to continue to live in it.

    February 16, 2012 12:06 am at 12:06 am |
  15. Steve

    There you go. All millionaires. Ordinary folks are just too busy holding on to their jobs.

    February 16, 2012 12:11 am at 12:11 am |
  16. Tyler

    So Santorum paid more taxes than he needed to. Honorable? or just stupid? Who just says, "oh well, i'll pay over what i owe." So not only does he not even know how to do his own taxes, he doesn't even invest in anything; earning maybe a $100. Do we want a guy who can't manage his own money and doesn't even know what is going on financially within his own accounts? Really?

    February 16, 2012 12:11 am at 12:11 am |
  17. Sara

    Santorum is lucky he can afford health insurance to pay for his child with a disability, but what about those folks that cannot?
    Santorum is out of touch with the common man.

    February 16, 2012 12:13 am at 12:13 am |
  18. Ric

    So, the more years you release the more Presidential you are? Yeah, ok.

    February 16, 2012 12:18 am at 12:18 am |
  19. what a crook

    He robbed tax payers to get that cash too.

    funny how our politicians are millionaires while those of us who live in the real world have to work hard to fund our politicians lavish lifestyle. Were in a recession most likely a great depression, and these crooks are rolling in dough..... OUR dough.

    Government is supposed to work for the people. People arent supposed to work for the government.

    February 16, 2012 12:24 am at 12:24 am |
  20. TNLibertarian

    Well, Im certainly not a fan of Santorum, but at least he paid a pretty fair rate.

    February 16, 2012 12:30 am at 12:30 am |
  21. Charles

    If both sides would come together and simplify the tax code, then no one could "under pay" or "dodge" taxes. Also, I would be interested to see Obama's pre-politics returns. As well as Kerry, Clinton (both), Gore, etc.
    The fact that there is not one news organization that can present both sides of a story is the reason this country is falling apart. If you choose to simply watch who you agree with, you'll never be challenged to think.

    February 16, 2012 12:31 am at 12:31 am |
  22. Lenny Pincus

    "six or seven jobs a year..." Yeah, right.

    February 16, 2012 12:35 am at 12:35 am |
  23. Calguy

    A real blue collar guy. He feels your pain when you middle class people work for $10.00 an hour.

    February 16, 2012 12:42 am at 12:42 am |
  24. The Middle

    Huckabee warned us last week that a man that robs God will rob you blind as Santorum only paid less than 2% in tithing. Santorum will be more closely examined now.

    February 16, 2012 12:46 am at 12:46 am |
  25. george of the jungle

    Well it is a lot higher tax rate then mitt. But he is not exactly poor.

    February 16, 2012 12:50 am at 12:50 am |
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