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