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Leadership

John Kasich Becomes the Third Republican Candidate to Release His Tax Returns

By
Michal Addady
Michal Addady
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By
Michal Addady
Michal Addady
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March 6, 2016, 12:57 PM ET
GOP Presidential Candidates Attend CPAC Conference In Washington DC
NATIONAL HARBOR, MD - MARCH 04: Republican presidential candidate Gov. John Kasich of Ohio speaks during CPAC 2016 March 4, 2016 in National Harbor, Maryland. The American Conservative Union hosted its annual Conservative Political Action Conference to discuss conservative issues. (Photo by Alex Wong/Getty Images)Photograph by Alex Wong—Getty Images

Donald Trump is officially the only Republican candidate who hasn’t released his tax returns.

Ohio Gov. John Kasich released his tax returns on Saturday, putting pressure on the Republican frontrunner. Marco Rubio and Ted Cruz released theirs in late February.

The partial tax returns show that Kasich and his wife earned over $5 million in a seven-year period between 2008 and 2014. That includes income from Kasich’s role as governor, public speaker, board member, FOX News commentator, investor, and his last year as a Lehman Brothers employee. As the New York Times reports, Kasich worked at the financial firm between 2001 and 2008. His income gradually decreased over the next six years reaching about $300,000 in 2013, with an uptick of about $100,000 the next year.

The couple paid more than $1.3 million in federal taxes and $376,272 in state taxes, with an average annual federal tax rate of about 24%.

The governor has yet to win a primary election and currently stands at fourth place in Michigan according to a Wall Street Journal/NBC News/Marist poll.

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By Michal Addady
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