Kirsten Gillibrand Releases Tax Returns

kirsten gillibrand official Kirsten Gillibrand Releases Tax ReturnsSen. Kirsten Gillibrand made $165,614 last year, paying $28,828 in federal taxes and another $9,735 in New York State taxes, according to tax returns just filed on her website.

Ms. Gillibrand released five years worth of tax returns today, making her only one of a handful of senators to do so. Her Republican opponent, Wendy Long, has been calling on her to make more tax returns available, while the Democrats have been pounding GOP presidential nominee Mitt Romney to do the same.

Ms. Gillibrand has been pushing for more transparency since first being elected to Congress in 2006, posting her daily schedules and financial information online.

“I have always placed a top priority on finding new ways to increase the accessibility, transparency and accountability of government because it’s the right thing to do,” said Senator Gillibrand. “Whether by passing legislation to ban any insider trading by members of Congress, or leading by example through posting my schedule and financial information to my website, New Yorkers deserve to know their interests are my only interests. I will always look for new ways to further my commitment to transparency.”

It is worth noting that both this year and last Ms. Gillibrand took home less money than the Senate salary of $174,000. The reason, a spokesman explained, is because of capital gains losses her husband, Jonathan Gillibrand incurred.  Mr. Gillibrand has been for most of Ms. Gillibrand’s time in the Senate a private investor, although he recently took a job with an organization trying to bring Formula One racing to the New York metro area.

Ms. Gillibrand’s full return is below, and more information can be found here:

2011

Adjusted Gross Income $165,614

New York State taxes paid $9,735

Federal taxes paid $28,828

Effective Tax Rate/Avg. Effective Tax Rate for Income Bracket*: Gillibrand Rate: 17%, Average Rate: 12%

 

2010

Adjusted Gross Income $148,246

New York State taxes paid $7,183

Federal taxes paid $21,286

Effective Tax Rate/Avg. Effective Tax Rate for Income Bracket*: Gillibrand Rate: 14%, Average Rate: 12%

 

2009

Adjusted Gross Income $194,902

New York State taxes paid $10,049

Federal taxes paid $33,276

Effective Tax Rate/Avg. Effective Tax Rate for Income Bracket*: Gillibrand Rate: 17%, Average Rate: 12%

 

2008

Adjusted Gross Income $397,792

New York State taxes paid $25,022

Federal taxes paid $103,990

Effective Tax Rate/Avg. Effective Tax Rate for Income Bracket*: Gillibrand Rate: 26%, Average Rate: 19%

 

2007

Adjusted Gross Income $198,163

New York State taxes paid $10,547

Federal taxes paid $30,501

Effective Tax Rate/Avg. Effective Tax Rate for Income Bracket*: Gillibrand Rate: 15%, Average Rate: 12%