Report: Snyder worked for $1 in 2011, made $1.9M

Gov. Rick Snyder reported a gross income of about $1.9 million in 2011, when he said he would gave back all but $1 of his state salary.
AP Wire
Dec 28, 2012

 

A federal income tax return reviewed by the Detroit Free Press says the Republican and former venture capitalist had capital gains income of just more than $1.3 million in 2011. The governor reported dividend income of more than $350,000, wages of $141,547, interest income of nearly $54,000 and real estate income of just more than $6,000.

Snyder paid federal income taxes of nearly $273,000 on taxable income of nearly $1.4 million. That's an effective tax rate of 19.8 percent.

Snyder reported giving $196,000 to charity.

Snyder filed jointly with his wife, Sue Snyder, whose occupation was listed as a homemaker.

Comments

Lookinout4u

This is the way it should work! Successful people who have built and ran organizations giving back through public service! Unlike most politicans including Obama and Clinton, Gov. Snyder did not come to office to become rich at the expense of taxpayers!!! It would be wonderful to see more of this!

Zegota

I agree, more politicians should place the honor of serving the public before personal pride and greed, and leading by setting examples. However there are some people who will still complain about Governor Snyder, in fact some people would argue that the Governor should pay us? Is that not the political objective in Washington?
Strong independent state rights are our last protection against the runaway federal government and we must stand together even as Republicans and Democrats to protect strong independent state rights. Governor Snyder administration has done an excellent job in turning our state around financially, and can he do more, of course he can.
We must not forget how the state into this mess, because the federal government has not learned it lesson yet, and is still lost in the hopes and dreams of an administration in Washington D.C.
God Bless the Constitution.

 

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