Legal Commentary

Palins Release Tax Returns

By TChris

This afternoon's news dump includes the 2006 and 2007 tax returns of Sarah and Todd Palin, summarized on the McCain campaign website with links to copies of the returns.

For 2006, the Palins paid $11,944 (LINE 63) in total taxes on gross income of $127,869 (LINE 37), which is a 9.3% tax rate. For 2007, the Palins paid $24,738 (LINE 63) in total taxes on gross income of $166,080 (LINE 37), which is a 14.9% tax rate. ...

In 2007, Sarah and Todd Palin donated $2,500 to charity in cash/check donations and $825 in non-cash/check donations, for a total of $3,325. This is 1.5% of their adjusted gross income.

Full post as published by TalkLeft on October 03, 2008 (boomark / email).