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. Richard Aberdeen

    One is left wondering how this guy, who pretends to represent the working class and non-elitist America, ends up raking in far more in four years than members of America's working class earn in their entire life. Wonder how well he would have managed to pay for his child's medical bills if he worked at Wal-Mart and earned minimum wage. This is the same candidate who pretends we can all take care of our own health care when we have some expensive problem, as if someone earning 20K or even 100K per year could afford to pay for some expensive ongoing medical problem. How is it that Republican working class people can't see through the horrible lies of Fox Noise and Company? Does this say something about American education or what?

    February 16, 2012 03:57 am at 3:57 am |
  2. paulbjohnson

    So is the combined percentage paid by Mitt for tax plus charity (40%?) vs. Rick (31%)?

    February 16, 2012 04:00 am at 4:00 am |
  3. Donaldbain

    So he earned about a million a year since he left the Senate. My question to him is, "Doing what, exactly?". That's a heck of a lot more than most people make, especially if they have to work "six or seven" jobs. Seems to be pretty lucrative being an ex-Senator.

    February 16, 2012 04:23 am at 4:23 am |
  4. Elvis

    This is still peanuts compared to what Obama make in the last four years, but I dod not see that mentioned in the article.

    February 16, 2012 04:30 am at 4:30 am |
  5. James

    Maybe its odd, but for the $1.1million and $930,230 salaries (during DIFFERENT YEARS) – he made the same exact number after taxes – $666,790. Does that seem fishy?

    February 16, 2012 04:45 am at 4:45 am |
  6. rec

    This just shows how well a well connected LOBIEST gets paid! IF he wins the GOP nomination the Demacrats will have a field day by reminding the nation of that fact.

    February 16, 2012 04:48 am at 4:48 am |
  7. Nate (Seattle, WA)

    Santorum didn't keep his tax returns while working in Congress? What, did he not have the room on his hard drive, or in his tiny DC loft apartment?

    That sounds pretty fishy. Not very organized for someone who wants to run the most powerful nation on earth.

    He also makes it sound like he was working as a high-school basketball coach, delivering newspapers, and tending bar at nights. Santorum worked six or seven jobs, because his jobs were all cushy, part time engagements. Appearing on Fox News to opine on how the rest of us are immoral, sitting on corporate boards (the ultimate do-nothing, get megabucks job), political consulting for companies lobbying Congress.

    This guy is a fraud, if he's pitching himself as blue collar, or anything but part of the GOP political machine.

    February 16, 2012 04:53 am at 4:53 am |
  8. king

    Little less than Obama and Gingrich, but atkeast he didn't abandoned his country in serious time of need and hide his money in off shore. I see some patriotism in him, he didn't let greed overcome his willingness to state in the game, and help the American people with his taxes during the second darkest era of this country's existence. Unlike another candidate who love to fake sing patriotic songs.

    February 16, 2012 05:01 am at 5:01 am |
  9. unwind

    The Democrats must be hating this one...Of course true Obamanites think he should pay more.

    February 16, 2012 05:07 am at 5:07 am |
  10. Rickd

    Santorum is part of the 1% crowd – just a typical normal guy – NOT!!

    February 16, 2012 05:38 am at 5:38 am |
  11. RichardADavis

    If you don't have health insurance and get sick, the tax payers have to pay for it anyway- so go get health insurance please- search online "Penny Medical" and learn how you can get insurance at discount price.

    February 16, 2012 05:41 am at 5:41 am |
  12. bear

    He did not engage in Influence Peddling, he was an advisor like Newt. Does anyone want to buy a bridge in Brooklyn?

    February 16, 2012 05:55 am at 5:55 am |
  13. Edward Simpson

    $3.6 million? Well, so much for Rick being a Working Class Hero.

    February 16, 2012 06:04 am at 6:04 am |
  14. david

    wow 3 . 4 million in 4 years..and that's rich...obama spends that on a vacation.....and it's on the backs of broke americans and the 3.4 million was earned ...not given or taken or stolen or entitlements....

    February 16, 2012 06:07 am at 6:07 am |
  15. John

    I was all way told that a Senator First years they make only 174,000 a years, so how did Rick Santorum make 668,480 that years.

    February 16, 2012 06:08 am at 6:08 am |
  16. Aaron

    These people are the problem with this country!

    February 16, 2012 06:18 am at 6:18 am |
  17. Iraq Vet

    this does not really show all the differences tho....rominee prolly did not have to pay FICA on this pay for no work, while those who work (the voters) pay the 35%, and THEN FICA on top of it (oh, so does their employer pay the FICA)

    so, the working FOOLS pay 50%, and the job destroying NO WORKING guy pays less than 15%

    and you say we have a deficit? NO WONDER

    February 16, 2012 06:20 am at 6:20 am |
  18. Switters

    Almost a million a year – Mr. "Blue Collar" – yeah..........

    February 16, 2012 06:25 am at 6:25 am |
  19. Donald

    I guess only liberals are allowed to make money.

    February 16, 2012 06:34 am at 6:34 am |
  20. Andrew Hyatt Masset

    Yeah..here we go again..he is one of us?? I don't make anywhere near that kind of money and he says he isn't part of the 1%? gimme a break...what does he do to earn that kind of bank?

    February 16, 2012 06:42 am at 6:42 am |
  21. Goofyfoot2001

    The thing about Santorum is he is the most honest guy out there. Obama, Romney, Newt, etc lie for breakfast. Social issues don't pay bills, if you're voting on social issues alone then you aren't seeing the big picture. If there is no country, social issues are meaningless. They are states issues anyway, not federal.

    February 16, 2012 06:44 am at 6:44 am |
  22. BobAD Iowa

    Where's the beef. This was all bun with no substance.

    February 16, 2012 06:53 am at 6:53 am |
  23. mnesbitt

    He is almost middle class compared to the rest of the politicians.

    February 16, 2012 06:53 am at 6:53 am |
  24. lgny

    The headline here is misleading, making it seem as though he earns more than he did by combining all 4 years into a single number. His tax rate is reasonable - certainly when compared to his opponents.

    That said... Santorum's comment: "He said he did not keep his tax returns while he served in Congress as a two-term senator and two-term congressman." is also very odd. Any legislator/attorney knows you retain records for more than 4 years. It raises the suspicions that he wanted to hide extra "income" earned while in office.

    February 16, 2012 06:55 am at 6:55 am |
  25. William

    Well good for him. Couldn't happen to a better man. But that paltry amount wont be enough to win the White House. Not with Romneys money and the close to billion dollars many are saying Obama will have in his war chest.

    February 16, 2012 07:09 am at 7:09 am |
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