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Rauner Releases Tax Returns

twitter.com/BruceRauner

Illinois Governor Bruce Rauner released his 2014 federal and state 1040’s, reflecting income and tax rates, while detailing the Rauner family’s  charitable and community giving last year.

According to a news release, last year, the Rauners paid more than $18 million in federal and state taxes on income of $58.3 million.

The Rauners and their family foundation also made charitable contributions totaling more than $3.3 million.

Rauner 2014 Tax Summary:

  • Income on Federal Return: $58.3 million
  • Adjusted Gross Income on Federal Return: $57.5 million
  • Federal Income Taxes Paid: $15.2 million 
  • Federal Effective Tax Rate on Income: 26.1% 
  • Federal Effective Tax Rate on Adjusted Gross Income: 26.4% 
  • Illinois Net Income on State Return: $58.7 million
  • Illinois Income Taxes Paid: $2.8 million