Illinois Gov. Bruce Rauner released his 2015 federal and state 1040 tax returns, reflecting income and tax rates while detailing the Rauner family’s charitable and community giving last year.
In 2015, the Rauners paid more than $50 million in federal and state taxes on federal taxable income of $176.7 million and state taxable income of $188.2 million, for a total effective tax rate on income of more than 26%. Their federal effective tax rate on income was 24.5%.
In addition, the Rauners and their family foundation made charitable contributions totaling more than $11.6 million.
Here's a summary of the Rauner 2015 taxes:
- Income on Federal Return: $188.2 million
- Adjusted Gross Income on Federal Return: $187.6 million
- Taxable Income on Federal Return: $176.7 million
- Federal Income Taxes Paid: $43.3 million
- Federal Effective Tax Rate on Taxable Income: 24.5%
- Federal Effective Tax Rate on Adjusted Gross Income: 23.1%
- Illinois Taxable Income on State Return: $188.2 million
- Illinois Income Taxes Paid: $6.9 million