MichiganNews

Michigan Gov. Rick Snyder paid over $31k in income taxes in 2015

LANSING, Mich. (AP) — The personal federal tax return for Gov. Rick Snyder and his wife, Sue, shows they had just over $400,000 in income in 2015 and made charitable contributions of about $95,000.

The Detroit Free Press reports the Republican governor itemized about $370,000 in deductions, leaving a taxable income of just under $25,000.

The former venture capitalist and computer company executive paid an alternative minimum tax of $26,338, plus $4,851 in taxes on net investment income. The alternative minimum tax is to make sure individuals with large deductions still pay federal income tax.

Snyder’s income and charitable giving numbers for 2015 are close to those reported in 2014, when the Snyders had income of just under $423,000 and gave about $104,000 to charity.

Related posts

Indiana Sports Corp’s 2050 vision outlines Indianapolis as sports hub

Network Indiana

South Bend Police seek public’s help finding homicide suspect

Jon Zimney

Elkhart woman struck by hit-and-run driver along County Road 24

Jon Zimney

Leave a Comment