Tax code changes could cost you - Morrow County Sentinel

That also means now’s the season when candidates are releasing tax returns and financial disclosures. Mitt Romney took heat when he ‘fessed up to paying just 14% tax on $20 million in 2011, reinforcing the “GotRocks McBucks” caricature he worked so hard to shake. So candidates are doing their best to spin their numbers to look like they grew up in log cabins. Let’s take a peek inside some of their wallets, shall we. (No fair crying if we poke a little fun at your favorite candidate. Former Florida Governor Jeb Bush takes the path of early and full disclosure, sharing 33 years of tax returns dating nearly back to his first job bussing tables at the Kennebunk Yacht Club. He paid an average tax of 36% on $44 million of lifetime income, including $7. 4 million in 2013 alone. Wisconsin Governor Scott Walker takes pride in being a financial Everyman who cuts his own grass and shops at discounter Kohls. Walker’s disclosure shows his net worth is actually $72,500 in the red. Developer Donald Trump hasn’t released his taxes, and some observers scoff at his self-proclaimed $10 billion net worth. Source: morrowcountysentinel.com